Pocket Money

[Green Rosie]

I was wondering how much pocket money children get these days?

My boys are 4 and 5 and have just started to get 1euro each a week. And to get that they have to help clear the table after each meal.

[The Hopefuls]

our daughter dosent get pocket money as such, but she will earn money from us if she wants money.
30 pence for washing the pots
20 pence for hoovering up
50 pence if she takes my dog a walk
20 pence to go around with a duster

she writes it down in a book what she has done and on a friday we have to pay out

but she thinks wisely about what to spend it on, or what to save up for, and she values it more, (shes 10 now)

we have never willy nilly gave pocket money out to her for not helping around the house for her to go and blow it on silly things like her freinds

[farmerdrea]

Our son (15) gets NZ$5/week and our daughter (11) gets NZ$4/week. They don't have to "do" anything in particular for it, but they must pitch in as part of the family unit. They have regular daily chores (son vacuums, hangs and takes in laundry, waters the livestock, feeds and waters the rabbits - 4 runs, feeds hay to all the goats, which amount to feeding out 3 bales of hay each evening; daughter feeds and waters all the chicken pens - we rear lots of clutches of chicks each year, feeds the poultry and waterfowl, and pitches in wherever she's needed, as well as inside unloading the dishwasher and dusting) , and other various things that contribute to life on a farm. Mostly, they save their money, but it's there for them to spend on what they like, with no input from us, the parents. Son saves for things for his electronics and computer projects and daughter saves for her miniatures collection mostly.

Cheers
Andrea
NZ

[Silver Ether]

I think it depends of what you want them to do with it... Ours used to save it up for something they really wanted. there was never the need for them to buy sweets etc cuss they didnt have them and things like going to the cinema etc were family outings therfor grownups paid. They also had to do a few chores to ensure they got it at all. Glad to say they have both grownup with the ability to control their money and only by what they have money for ... therefore no loans or debts of any kind...

[red]

I give pocket money - 2 quid a week and my son is 14 - which might seem mean but its at the right level for him (bear in mind he has learning diffs) and what he buys. I guess thats the thing, you have to tailor it to their needs

I will also pay for jobs sometimes but they would have to be beyond the norm - mucking in with work around the place from housework to outdoor chores with animals etc are all normal and therefore dont get extra pay, we all have to pull our own weight.

I think pocket money is important in learning how to handle money, budget, save etc. That when my son wants something he can view it in terms of how many weeks pocket money it will cost.

i pay this money into his own bank account by standing order.. this way he has to learn about bank accounts too.

[Russian Doll]

hanah and amy get 2.50 a week...this is to either be saved or buy there mag if they want them...hannah generally saves hers but amy bless her spends all hers on doctor who bits

alex doesnt get any pocket money but i buy him bits during the week as hes only 2 same with zachy

love the standing order idea may have to start that

[Green Rosie]

At the moment the boys are happy to put their euros in their money boxes. When they do spend any of their money we try to guide them into purchasing things that are good value and will last - but it is hard. Nearly had a 5 year old with the screaming heebie-geebies at the market because we would not let him buy a 5 euro balloon. We did eventually persuade him by saying it really would not last very long and it would be 5 weeks before he could buy anything else. Not strictly true I know but he was persuaded - just.

However part of me says that I should let them buy some tat to appreciate what we are saying ...... but I REALLY hate waste and badly made rubbish .....

[mrsflibble]

my brothers and sister have £1 for each year they've been alive, once a month.
so for Tom that's £14 per month. for Ollie thats £12 per month and lucy gets a tenner.


personally I'm not sure it's enough as Tom and Lucy are always skint (I slip them all a couple of quid too when we go round), but if they want to do something like go to the cinema then mum will pay for that too.

it's the same rate of pay I was on and it stopped as soon as I turned 16. I then had to get a job to get any cash whatsoever.

[baldowrie]

my brothers and sister have £1 for each year they've been alive, once a month.
so for Tom that's £14 per month. for Ollie thats £12 per month and lucy gets a tenner.

I know where I want to live!

[Annpan]

Me too Baldowrie

All my 'expences' had to come out of my pocket money (except school dinners and school clothes) All my trips to the cinema, ice-skating, bowling, clothes and christmas and birthday presents for 5 siblings and 4 nephews - all came out of my £5 per week.

It stopped when I turned 16 and from my 16th birthday my mum charged me digs money, even before I had a job, though I was just finishing at school. It all got totted up in her diary and I had to pay her back.

Happy days...

I plan to have a set amount of chores that E must do before she gets hers, then I will have a list of extras that she can top-up on if she wants... like The Hopefulls.

[Thurston Garden]

The first pocket money I remember getting was 25p a week. Two 10p's and a 5p. The reason I still remember is because my wee brother thought he was getting more than me - more coins! like 8p....four 2p's! Of course I knew better

[Green Rosie]

Mine usually get the euro in differing amounts of coins - they always think they get more if they get more coins (Good for adding practice though)

[Annpan]

I just remembered that we used to get the 'ginngie bottles' to take back to the shop... glass fizzy drinks bottles that had a 10p deposit on them. That was when I was about 7 or 8. That was our pocket money as we could get what we wanted from the shop... ahh the joys of a 10p mix, and the upset of getting a tupney toffee there in.

[red]

same for me when I was a small kid.. we did not have pocket money, but my parents ran a guest house so we could ge tteh deposit money on bottles....