Pocket money.

[Midnight]

Morning,

What sort of pocket money do people give out in todays day and age.

I offered my 11 and 13 year a quid a week and was told that I was a bit tight by my better half.

Some of there friends get a fiver a week.

Cheers

Midnight... Aka scrooge ????

 

[Slab]

Age Average pocket money
12 years old £6.60 per week
13 years old £6.68 per week
14 years old £7.61 per week
15 years old £8.38 per week

From google, no idea if it includes a london allowance

I'd be thinking maximum of a fiver is the right amount

 

[Kellfire]

I got £2 a week in 1994, my first year at grammar school. It soon became not about pocket money, I just asked for what I wanted and usually got it.

 

[Lord Tyrion]

£1 doesn't get them anything to be fair. Even saving for something, at that rate there is no incentive. £5 is a good starting point but add some rules to it, ie what do they now become responsible for buying? Add that in and they start to think about their spending, start understanding the value of money.

 

[Jacko_G]

I don't do the pocket money thing, I'd rather my children came to us and explained what they needed money for and we discuss it from there.

Each family has their own ways and beliefs but we have a bit of knowledge and control doing it our way.

Anyway back to the original question, £1 a week, that's blooming well horrendous, tighter than two coats of paint you!

?

 

[robinthehood]

Don't do pocket money , they just ask for money if they are going out. The eldest has her own money now anyway.

 

[SwingsitlikeHogan]

Being in their mid-20s Ours are too old for pocket money - we just shell out for all they want but can’t afford ?

But do recall very clearly the day (age7) when my dad increased my pocket money from 6d a week to 1s a week. He could do that as it was the day we took in two student lodgers. Tom and Alan became lifelong family friends. And I felt rich.

 

[Papas1982]

The eldest asked to earn some spending money as of her 10th bday in November.
50p a day for when both her chores are done without question. If she manages a week the £7 gets topped up to £10. That’s only happened twice so far. She’s got £43.50 earned from a possible £70 so far.

 

[Midnight]

Cheers for all the replies mate, Jacko you made me spit tea over the floor. ??

Looks like a re think from me, like the money for chores incentive ????

 

[Jacko_G]

Cheers for all the replies mate, Jacko you made me spit tea over the floor. ??

Looks like a re think from me, like the money for chores incentive ????

First chore - wipe up your tea - 50p?

 

[Midnight]

First chore - wipe up your tea - 50p?

The dog beat them to it ??????

 

[richart]

I get £5 a week, but everything is more expensive in the south.

 

[Jamesbrown]

I got a tenner a week up to 2005. Spent it on kebab, chips and 20 Richmond superkings.

 

[Lord Tyrion]

I don't do the pocket money thing, I'd rather my children came to us and explained what they needed money for and we discuss it from there.

Each family has their own ways and beliefs but we have a bit of knowledge and control doing it our way.

Anyway back to the original question, £1 a week, that's blooming well horrendous, tighter than two coats of paint you!

?

My dad used to do that for me. The downside is I got fed up with getting the third degree every time I wanted something so I stopped asking. Sounds great as a parent but I ended up missing out on things that my mates did, played sport with gear that was well past its use by date, felt rubbish about it, took stick about it, still feel awkward about spending money now (no obvious jokes!) It may work for you and your kids, everyone is different, there is no right or wrong, but don't be too hard on them when they come asking.

 

[inc0gnito]

The dog beat them to it ??????

Dog gets the 50p

 

[Cherry13]

From about 14 year old I got £25 a week, but that was for everything! Bus fare to school, lunch money and then what ever i saved I kept. Figure they thought it was a good way to teach me budgeting... in reality it just taught me how to get through the school day eating next to nothing and cycling there and back. Kept most of it for the latest game/gadget and then as I got older (16) drinking.

 

[SatchFan]

My brother and I didn't get pocket money, we got wages. A few menial tasks throughout the week and being paid for it seemed fair reward. Certainly instilled a work ethic at a young age.

 

[jim8flog]

Just think what a single chocolate bar costs and ask yourself is £1 reasonable.

I got 2s/6p (12.5) pence in the late 50s early 60s - now work out the inflation rate on that amount.

 

[Jacko_G]

My dad used to do that for me. The downside is I got fed up with getting the third degree every time I wanted something so I stopped asking. Sounds great as a parent but I ended up missing out on things that my mates did, played sport with gear that was well past its use by date, felt rubbish about it, took stick about it, still feel awkward about spending money now (no obvious jokes!) It may work for you and your kids, everyone is different, there is no right or wrong, but don't be too hard on them when they come asking.

I'd like to think we're more than approachable and I'm talking about money to go to the café with friends or go to the indoor football and sit afterwards and have a juice or something, the simple things. They won't get money every time they ask for Vbucks or Google cards etc etc. They have to earn or use their own money for that even at that we won't allow then to waste it all. As you say every situation is different and there is a balance.

 

[Wolf]

I'd like to think we're more than approachable and I'm talking about money to go to the café with friends or go to the indoor football and sit afterwards and have a juice or something, the simple things. They won't get money every time they ask for Vbucks or Google cards etc etc. They have to earn or use their own money for that even at that we won't allow then to waste it all. As you say every situation is different and there is a balance.

We do exactly the same as you and its worked really well for us my oldest boy has gone and got himself a paper round as well just because our approach has helped him understand that earning his money gives more satisfaction in buying something for himself, but understands if he did waste it we won't just top it up.