Ideas please on pocket money for 10 year olds. Would like to help children appreciate value of money. Currently we don't do pocket money as children close in age so squabble accusing one another of taking each other's money etc. We currently buy all clothes, pay for sweets at least a couple of times a week and for all days out/treats etc. But with secondary school looming we we're thinking we might start with small amounts of pocket money. How do others work this and do you link pocket money to chores/behaviour? On top of any pocket monies do you encourage saving for holiday spending or a computer game or encourage them to top up longer term savings with unused birthday monies etc or do you just put money away for University/wedding/car? Do you have several accounts etc.
Back in the dark ages when I was young I remember post office savings stamps and I loved to get a stamp each week with my pocket money and see my card filling up/money accumulating. I also had a couple of premium bonds with small amounts and as I got older had several tubs one for savings, one for Christmas presents one for clothes etc and also enjoyed that. I know it's different in every family and all their friends do very different things but our two think they are worse off than their friends when in reality this isn't true. One friend brags about getting x amount per week but this is money put aside for uni, plus pocket money etc etc.
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Teenagers
Pocket money, helping around the house, lump sum university/wedding/car
8 replies
Brighteyes27 · 05/01/2015 19:08
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