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would you give a 5 year old £5 pocket money
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By (user no longer on site)
over a year ago
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"A week?
There's a reason I'm asking
"
I suppose it would really depends how much money I had spare and what they wanted to do with it. Are they being encouraged to take it to the bank each week and put it in a savings account? Then yes, sure. Spending it on sweets? Most likely not. |
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age."
well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each week, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
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By (user no longer on site)
over a year ago
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no - mine never had pocket money from us - they had one sport and one musical instrument each and all that went with that - grandparents used to put money in each month with age - ie 11 quid when 11 -up until they were 18 - thy used that for magazines/sweets etc or saved it - they used to do extra jobs for money such as car washing and then as soon as they could they got saturday jobs - both now manage their money really well and have learnt the value of it - |
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By (user no longer on site)
over a year ago
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I don't give mine "pocket money" as such
I pay into savings accounts monthly for them
But they do get money most days after school to go to the shop or whatever which probably equates to around a fiver a week each |
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By (user no longer on site)
over a year ago
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the only regular treat mine had off me was 'sunday sweets' - we used to get out of the house to keep away from their dad - so used to go on mammoth walks and stuff - 20p mixup as we got close to home to have after tea was as good as it got haha |
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By (user no longer on site)
over a year ago
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Yep I would, especially if they do all their chores and were good.
I want to teach them that if they want something, they can earn the money and buy it themselves |
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age.well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each weeuk, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
"
I like your thinking, and ours had theirs set by the 'Mars bar/matchbox car' method. Except ours were set just below the matchbox car so they learnt to either blow it on sweets or save a little so they could afford a toy instead.
They also had the sticker chart with jobs/responsibilities, so they learnt you earned money, you didn't get it for nothing.
(Our daughter's untidy room saved me pounds!  )
Think it was about a pound then, so probably £1.50 nowadays?
(Mine was a shilling  )
Mr ddc |
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age.well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each week, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
"
Its important to get kids into reading and engaging their brain outside of the internet Tv playstation and devices so £7 well spent could be a valuable tool ..
I wouldnt give them the money tho,way too young,Id give it as a treat ..
Pocket money should be less, as your gonna be buggered when they hit 15yrs and expect £60 a week.. and all pocket money needs be earnt so it has a value that is appreciated..
Start young with doing chores and helping round the house and it will be less of a battle when they are older-you will get enough of them as it is |
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By (user no longer on site)
over a year ago
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I wouldn't give a 5 year old pocket money, to me at 5 they aren't really money wise, if my kids wanted anything at that age I just got it them, I always got them a bit of something on shopping day which that chose, and got treats like sweets etc if they were good, I saw no need for pocket money at that age |
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age.well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each week, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
Its important to get kids into reading and engaging their brain outside of the internet Tv playstation and devices so £7 well spent could be a valuable tool ..
I wouldnt give them the money tho,way too young,Id give it as a treat ..
Pocket money should be less, as your gonna be buggered when they hit 15yrs and expect £60 a week.. and all pocket money needs be earnt so it has a value that is appreciated..
Start young with doing chores and helping round the house and it will be less of a battle when they are older-you will get enough of them as it is "
well my son is 24 so I'm way past the stage, I was just stood in the queue and saw the price of kids comics and was working out in my head how much they would need to buy what we used to.
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"I wouldn't give a 5 year old pocket money, to me at 5 they aren't really money wise, if my kids wanted anything at that age I just got it them, I always got them a bit of something on shopping day which that chose, and got treats like sweets etc if they were good, I saw no need for pocket money at that age "
I was moneywise when I was still at playschool, I could add and takeaway and knew how much I had left to spend, it was old money in those days and I had to convert to new money when I was 5 |
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By *adybee77Woman
over a year ago
MAMOBA, miles and miles of bugger all (Aberdeenshire) |
No, I wouldn't give him the money.
He gets a treat for being well behaved, so he sometimes gets a magazine/comic on a friday for a good week at school, or some sweeties. He gets his £1 a week for his juice tickets at school, and takes a playtime snack with him. He also gets extra money for book fair and any school events, so I don't see the need for pocket money.
I'm quite a strict mum tho, and know quite a few of my friends do give their wee ones pocket money already. |
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I have never given kids pocket money. If they have needed money for anything, I usually give it to them, but on the basis they had been generally good kids. If they overstepped any marks, then they got nothing. |
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By (user no longer on site)
over a year ago
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"I wouldn't give a 5 year old pocket money, to me at 5 they aren't really money wise, if my kids wanted anything at that age I just got it them, I always got them a bit of something on shopping day which that chose, and got treats like sweets etc if they were good, I saw no need for pocket money at that age
I was moneywise when I was still at playschool, I could add and takeaway and knew how much I had left to spend, it was old money in those days and I had to convert to new money when I was 5"
I didn't mean they can't add etc
I just ment if you give kids money to me its their money to do with as they wish and mine would have just spentmit on sweet, I wouldnt have been happy them buying a fivers worth of sweet but if your going to dictat what they are allowed to spend it on I see no point in giving it them you may as well just buy then what you want them to have |
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"I wouldn't give a 5 year old pocket money, to me at 5 they aren't really money wise, if my kids wanted anything at that age I just got it them, I always got them a bit of something on shopping day which that chose, and got treats like sweets etc if they were good, I saw no need for pocket money at that age
I was moneywise when I was still at playschool, I could add and takeaway and knew how much I had left to spend, it was old money in those days and I had to convert to new money when I was 5
I didn't mean they can't add etc
I just ment if you give kids money to me its their money to do with as they wish and mine would have just spentmit on sweet, I wouldnt have been happy them buying a fivers worth of sweet but if your going to dictat what they are allowed to spend it on I see no point in giving it them you may as well just buy then what you want them to have "
my son never had sweets until he was over 5 so buying the sweets wouldn't have been an option as he didn't really know what they where |
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"My five year old has a reward chart if she fills it up she gets a treat as in a DVD or magazine ...."
This is our plan. If they want extra money they can do extra chores or help out the old lady next door (we'd pay them, we wouldn't expect her to). |
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age.well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each week, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
"
I beleive they call it "inflation" !!!! |
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By (user no longer on site)
over a year ago
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"My five year old has a reward chart if she fills it up she gets a treat as in a DVD or magazine ....
This is our plan. If they want extra money they can do extra chores or help out the old lady next door (we'd pay them, we wouldn't expect her to)."
My eldest is 14 she does chores and earns hers but also does a paper round so averages £20 a week she made £95 in tips at Christmas.....and also has her name down for waitressing jobs its important to teach them the value of £££ and if you work hard you get to treat yourself |
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"My five year old has a reward chart if she fills it up she gets a treat as in a DVD or magazine ....
This is our plan. If they want extra money they can do extra chores or help out the old lady next door (we'd pay them, we wouldn't expect her to).
My eldest is 14 she does chores and earns hers but also does a paper round so averages £20 a week she made £95 in tips at Christmas.....and also has her name down for waitressing jobs its important to teach them the value of £££ and if you work hard you get to treat yourself "
when my son turned 13 I said he had to earn his own money by the end of the week he had three paper rounds and was loaded  |
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By (user no longer on site)
over a year ago
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Comics wouldn't get mine reading anyway. There are apps for that.
I have tried buying those magazine thingies but they don't care. They prefer proper books from the library. |
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By *evaquitCouple
over a year ago
Catthorpe |
"
My eldest is 14 she does chores and earns hers but also does a paper round so averages £20 a week she made £95 in tips at Christmas.....and also has her name down for waitressing jobs its important to teach them the value of £££ and if you work hard you get to treat yourself "
Was about to write almost an identical post until reading this, totally in agreement, exactly how we do it and our thoughts too.  |
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By (user no longer on site)
over a year ago
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"
My eldest is 14 she does chores and earns hers but also does a paper round so averages £20 a week she made £95 in tips at Christmas.....and also has her name down for waitressing jobs its important to teach them the value of £££ and if you work hard you get to treat yourself
Was about to write almost an identical post until reading this, totally in agreement, exactly how we do it and our thoughts too. "
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"No, I wouldn't personally.
Why?
Mine get money occasionally, but not pocket money at all at around that age.well the reason I'm asking is, when we where pre school we used to get a little bit of pocket money to spend.
With it used to by the same each week, a comic, 2oz of sweets and either a ladybird book or matchbox car.
I saw the price of kids comics today and to buy roughly what we used to have a child would need about £7 a week.
I couldn't imagine giving a child of that age £7 a week
"
I think that is probably equivalent to what you had in todays terms. I had nothing pre school and certainly nowhere near a book, a comic and sweets weekly ever, that isn't said in any judgemental way but its all about circumstances and what individuals find acceptable really |
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"My five year old has a reward chart if she fills it up she gets a treat as in a DVD or magazine ....
This is our plan. If they want extra money they can do extra chores or help out the old lady next door (we'd pay them, we wouldn't expect her to).
My eldest is 14 she does chores and earns hers but also does a paper round so averages £20 a week she made £95 in tips at Christmas.....and also has her name down for waitressing jobs its important to teach them the value of £££ and if you work hard you get to treat yourself "
Exactly. It helps prepare them for the real world and they learn the value of money better by earning it. |
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When my oldest was 5 he only got a small amount each week because I was on benefits (about 50p per week) by the time my younger ones reached that age it was a couple of quid per week. But they clubbed together or saved if they wanted something that cost more. It taught them to budget and even made them think of how to earn more like using their pocket money to buy rubber gloves and black bags to tidy gardens. :D win win lol |
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By (user no longer on site)
over a year ago
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I was still getting £5 a week until I was about 16 up to the point I had a part time job. Not a chance id give that much money, regardless on how much disposable income I had |
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