How do secondary school kids get pocket money these days?

(20 Posts)
JDBridge Sun 23-Oct-16 19:18:12

Looking to see if teenagers still get cash or card

dementedpixie Sun 23-Oct-16 19:20:19

We pay by standing order into their bank accounts

RaingodswithZippos Sun 23-Oct-16 19:21:47

Standing order here too. £25 per month, but we pay for all school trips, clothes, books, travel costs etc in addition. DS also has a part time job.

atticusclaw2 Sun 23-Oct-16 19:23:24

GoHenry prepaid card

JustSpeakSense Sun 23-Oct-16 19:23:52

We pay directly into their bank accounts. £25 a month, older DS has a job, he usually gives me the cash he earns and I transfer equivalent into his bank account.

Justputyourshoesonnow Sun 23-Oct-16 19:23:54

GoHenry

BoinkAlongQuietly Sun 23-Oct-16 19:24:10

Standing order into bank account and credit card on mobike phones.

Blu Sun 23-Oct-16 19:25:56

Standing order into his bank account.

BoinkAlongQuietly Sun 23-Oct-16 19:29:37

Mobile phones even.

dementedpixie Sun 23-Oct-16 19:44:16

I wouldn't use gohenry as it's not a bank account and they charge you each month whereas a bank account is free

Blu Sun 23-Oct-16 20:01:17

The Halifax card lets you set limits for withdrawals, where it can be used etc.

Lots of good cards specifically for U16s.

myfavouritecolourispurple Mon 24-Oct-16 16:10:46

My nearly 14 year old has an Osper card but I am going to change his savings account to an account with a card and start putting the money in there instead. As someone pointed out above, Osper and Go Henry cards attract a fee and there is no interest. They are practical if you don't want to go through the money laundering hassles of opening or changing a bank account though.

He gets £15 on his Osper card and £10 cash each month. When we've sorted out his bank account I'll put £25 in his account each month. I also pay his mobile phone as I want him to have one. I buy his clothes but eg when he needed new football boots for school he wanted expensive ones. So I said I'd pay £25 and if he wanted the more expensive ones he had to pay the difference so that's what we did.

Davros Mon 24-Oct-16 21:15:10

Osper, so easy to use and monitor

Unlockable Mon 24-Oct-16 21:21:29

Standing order of £5 a week into their account. I don't monitor at all.
They have to pay their mobile phone out of this - they both have giffgaff. I buy everything they need so this is just for wants. I told them that whatever they had left at Xmas I would match. I would rather they learnt by their mistakes now with small amounts of money and have taught them very well about all money related subjects like credit cards debit cards mortgages insurance etc.
They are very sensible.

Unlockable Mon 24-Oct-16 21:23:02

Oops. They have a young persons account with a debit card and no possibility of fees or overdraft.

nicp123 Mon 24-Oct-16 21:33:08

£25 / month Direct Debit paid by my OH into child's Santander 123 Mini account which can be spend on treats, transport or going to the cinema with friends. I only pay cash if chores in or around the house are completed to a high standard. An 'Outstanding' grade or a 'top mark' in any school subject will also result in earning them cash which is then added by themselves into a separate saving account and spent around Christmas time on new gadgets or new phones.

BackforGood Mon 24-Oct-16 21:49:48

Used notes here.

Threeschools Tue 25-Oct-16 16:21:04

£5 per week, cash

Drivingmadness Thu 27-Oct-16 10:08:23

£5 / week, cash

Bordersarethebest Mon 31-Oct-16 21:26:23

Standing order into Santander accounts here too - each gets double their age per month!

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