Pocket money.

[Chrisb83]

We give our 7 year boy the chance to earn £5 a week. It's broken down into £2 for stripping his bed on a saturday morning and bringing his washing downstairs then sorting it into colours and whites. £2 for keeping his playroom tidy and a bonus £1 for extra things over the week.

We did it because he just expected to get somthing everytime we where out like a magazine or football cards or superzings so was a way of getting him to start to understand the value of money. The first week he blew it on a magazine and then regretted it a day or two later when he wanted something else. Since then it just goes in a jar and has let it build up.

He doesn't always get up to the £5 but never seems that bothered he just likes re counting it all out each week.

 

[2blue]

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

Aye.... just what I was going say... "Northern or Southern pounds?"

 

[richart]

Aye.... just what I was going say... "Northern or Southern pounds?"

exchange rate is not good on Southern pounds.

 

[Pin-seeker]

My lad doesn’t get a set amount.
If he’s going somewhere & needs money we give him it (within reason).

 

[Deleted member 21258]

A pound, that is a little tight, brought a laugh to the face, thanks

We varied it depending on age(quite a gap in age between ours, so it was different amounts).

By the time they were 14-15, they received the child benefit, but they had to pay for everything like clothes and anything else they wanted (apart from school books). They could chose to save it. Stopped arguments over can I have this, can I have that, simple answer yes if you pay for it.

Daughter, kind of spent it all normally(she did save up from job/money, things like for a car and car insurance tho). Whereas son was 'more careful' with money and saved it/spent some of it.

We saw it, as the first step towards managing money under their control and learning to live to a budget. Both got jobs at six form college, which we encouraged and feel helped further.

 

[Orikoru]

Depends what it's for? A pound seems rather pointless to me, what can you buy with a pound in this day and age? Even Freddo's are like 35p now aren't they?

 

[rosecott]

I give my two a straight £1500 once a year. They are now 46 and 50.

 

[richart]

Depends what it's for? A pound seems rather pointless to me, what can you buy with a pound in this day and age? Even Freddo's are like 35p now aren't they?

There is a whole shop to spend a pound in.

 

[Wolf]

I give my two a straight £1500 once a year. They are now 46 and 50.

Can you me my dad to as well please im happy to receive £1500 a year pocket money

 

[Captainron]

£5 a week but that is dependent on his behaviour scores at school.
Show my homework is awesome!!
positive points for best in lesson, excellent homework, Effort etc. Negative for missed homework, lateness, bad behaviour, shoddy homework.
Any negatives and you lose your money for the week.
He’s learned pretty damn quick
1230 positive and only 35 negative.

 

[Marshy77]

Eldest (15) walks the dog every school morning and gets a fiver for it on a Friday into his account. Anything else that he wants for vbucks/treats he has to earn to top up his fiver apart from the odd time when we'll give them a bit extra. The youngest (13) does jobs around the house and walks the dog on a weekend to earn some money. Think we will shortly give them a monthly clothing allowance which worked for me when I was a kid.

 

[hairball_89]

We give our 7 year boy the chance to earn £5 a week. It's broken down into £2 for stripping his bed on a saturday morning and bringing his washing downstairs then sorting it into colours and whites. £2 for keeping his playroom tidy and a bonus £1 for extra things over the week.

We did it because he just expected to get somthing everytime we where out like a magazine or football cards or superzings so was a way of getting him to start to understand the value of money. The first week he blew it on a magazine and then regretted it a day or two later when he wanted something else. Since then it just goes in a jar and has let it build up.

He doesn't always get up to the £5 but never seems that bothered he just likes re counting it all out each week.

My folks did something very similar with my sister and I in the late 90s/early 00s. It was all about rewarding us both for doing something to help them. Do a job, earn 50p/£1 here. Make mum a cup of tea? another 20p. Was always encouraged to save it. Sometimes it was blown on a magazine or sweets, but you soon realise not to! Of course, when I was a little *** I also lost money, but was always given the opportunity to earn it back...

 

[Deleted member 21784]

Depends what it's for? A pound seems rather pointless to me, what can you buy with a pound in this day and age? Even Freddo's are like 35p now aren't they?

25p RRP still best value chocolate around.. nice bit of chocolate for small change lol

 

[Kingston Edwards]

pocket money in my case - 10 pounds a week, it all depends of course on academic performance. I know that it is very risky, but very often I spend a second amount of pocket money in online casinos. More precisely, I do not spend, but play on them in order to win more money in this way. I am a gambler, but at the same time I understand the dangers of reckless gambling on machines or slots. Therefore, I always read reviews of the best online casinos in Britain here https://casinosters.com/fast-payout-casino/, which, in addition to their reliability, are also distinguished by the fact that playing in them, you can very quickly withdraw money, which for me and many players are very important.

 

[PhilTheFragger]

Old thread resurrected

 

[Tashyboy]

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.

This is the correct answer, without being bah humbug. Kids earning money is a valuable lesson on the value of money. Give um brass for nowt, what’s the lesson being earned there. We do it with the Grand sproggs. Ones 5 and ones 7. The look on there faces whenever get a few Bob Is priceless.

 

[Liverbirdie]

Midnight, I was getting £1 a day diring the week, between 1981-85.

Not pocket money as such, it was dinner money, but as we used to play footy every dinner hour in our school, I used to save the £5 a week and go the match with it.

£1.40 on the Kop in them days, so always had some left over, but went hungry at dinner hour - one tea from my auntie and one from my mam made up for it though.

Does that sound Pythonesque?

 

[Fade and Die]

pocket money in my case - 10 pounds a week, it all depends of course on academic performance.

What is this all about? I’ve seen it before, joined the forum two minutes before posting to resurrect an old thread then probably not posting again! Is it a bot, or someone at GM just trying to stimulate conversations?

 

[Blue in Munich]

Old thread resurrected

Are we running a sweep on how long it takes the spam essay writing link to appear?

 

[CliveW]

Can you put your kids on furlough???