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By (user no longer on site)
over a year ago
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I give my 15 yr old a tenner. That's his money for going to school, doing his chores and being well behaved. I think it's important he learns that he can use his money to treat himself. He's been really good lately and eatng healthy (so not wasting any money on 'crap', so might start giving him an extra £5.
My younger two get £1 fri and sat. They use it to buy 'crap' so i cut their money right back. I give them money based on what they're spending it on mainly and told them why i cut their money from £5 to £2 a week, because of what they were buying with it. |
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as young as possible ..if you dont give them their own money they adopt a ...i want ...i want attitude and have no concept of cost ...as soon as you give them a tenner and tell them it has to last a week ...the 'i want' list seriously diminishes |
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My oldest was working part time from sixteen, just finished his a levels and on holiday in Greece (great choice) but he paid for everything himself so he has inherited the work ethic. He never did and still does not do anything around the house except make a mess. My middle one is now earning more than I am at sixteen on a professional sporting contract and I get pocket money from his employer for looking after him. Up until he started work he did all the housework as I work very long hours so he would get twenty a week for that. He used that to buy everything he needed. My youngest, I prefer to give a regular sum as otherwise she asks for new clothes and meals out and cinema with her friends every week. Pocket money on a regular basis helps them manage their money, rebut from now on she is asking her brother as he has more than me ... |
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By (user no longer on site)
over a year ago
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"When do you start, my lad is 4"
Up to you?
I waited until they asked for money coz i'm a scrooge. Even giving him 10p for tidying up his toys could be pocket money. |
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No. My eldest has his mobile contract which I'm about to cancel for payg. He has been volunteering with a local swim school but due to cuts all the volunteers have been axed but he saved me £60 in fees for his brother so I gave him £30. He's off to Alton Towers on Thursday so he'll get some money for that.
Generally they get what they need. If the feel they really need/want something then they have to work round the house for it. |
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Our's are too young for pocket money at the moment but when they start asking for stuff they don't "need", they'll get the chance to start earning it via little chores and helping out us or neighbours, etc.
They won't get money for nothing and if they've been little shits they'll get nothing.
I think it does them good to learn the value of money and working for what they want early on in life. |
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By (user no longer on site)
over a year ago
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My daughter is 3 and a half, earns it by helping me with jobs, then we use it to practice counting and learning coins, and when she has enough she's allowed to choose a toy or book.  |
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By (user no longer on site)
over a year ago
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My oldest is too old now, but my youngest gets £20 a month, so not a great deal. He can do with it what he pleases. Money's there to be enjoyed. I have no respect for money what so ever. |
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By (user no longer on site)
over a year ago
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I only have one school age child now she is 14 I give her £10 a week plus extra for certain jobs, keeping her room tidy and washing pots up after herself in not included in this but if she helps with the gardening and stuff like that I will give her a bit to say thanks |
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14 yr old. £10 a week at moment providing she keeps her room tidy including sorting her own laundry (I wash it she dries and puts away). Isn't cheeky or misbehaves (she was pushing her luck last week so she's skint!) Its £20 during term time but that includes some sub's for clubs and bus fares to school if its peeing it down. Teaches her to manage her money. She's pretty good mostly and when not moody like last week will help round house too. |
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My son is 12
he has to do jobs, hover his room once a week and fed the cats each morning, make his bed and bring his bedroom bin down to empty if full.
he gets £10.00 a week but with this he has to pay to go to youth club (£1) And swimming with his mates on a saturday (£2.50)
His nan also gives him tenner a month which he saves for his annual holiday, he also saves any change he's got left over from his lunch money.
Hes very good at saving and spending his money wisely.  |
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By (user no longer on site)
over a year ago
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I don't pay mine for doing chores and being good. These are things they should do anyway. I don't get paid for cleaning my own house!
I pay them interest on their money (an inflated rate) so if they get say £20 pound for a birthday, and save it I'll pay say £2 a week, the more they save the more "interest" I pay. So after a month they have £28 and I'll pay £2.80 a week. If they spend £20 of it they're interest becomes 80p.
Just like a real bank, it teaches them to save and think about what they are buying...
*Intrest rates may vary and are subject to change.
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My kids are 7 and 8, I started off a few months ago by giving them a little pot with a hole cut in the top to keep their money in. Then I basically had a little purse with 10 and 20p coins in and dished them out for doing jobs like making their beds, clearing their plates from the table, helping with the laundry etc. Once they got into the habit of doing these things without prompting I changed it to a flat rate of £1 a week which they didn't seem to realise means they probably get less, and I should probably increase it! However they don't need to buy anything with it, they might take a couple of quid with them when we go to town but mostly they bring it back. They have only really spent it on things like taking the fiver to Chester Zoo on the school trip to get something from the gift shop.
I pay for Brownies and swimming etc and will get them what they need as and when. |
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By (user no longer on site)
over a year ago
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No I don't give my kids pocket money on a regular basis. Just now n then if they ask for something from the shop or as a treat. They don't get a set weekly amount or anything. |
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