I have just read through the Teenagers Pcoket Money thread and it got me thinking, how old was your child when you first started giving pocket money? Was it a given right or did they have to earn it? And lastly how much do you give them?
My oldest is only 5 and I buy him treats when we are out.
My children are 11 and 7 now but started getting pocket money when they were 5. We gave them £1 a week and in return they had to set the table for dinner (which they were perfectly capable of doing at the age of 5!) When my youngest turned five his elder sister gor "promoted" to drying the dishes so that he could set the table!!
None of mine get any yet - the eldest is 8 and he hasn't asked and we haven't offered! They get money at Christmas and birthdays and grandparents give them the odd £1 here and there which they squirrel away! Once the eldest gets it then all 4 will want it and I feel too poor for that at the moment!
BTW, they're expected to help out 'for free' by laying the table, tidying their bedrooms etc. I don't get paid for household chores and I'm not sure I want to start paying them for stuff they should do anyway tbh. No criticism of anyone who finds this works for them though!
DaisySteiner is right that the youngest will start pocket money earlier than the eldest, so hold out for a while yet.
Mine are close in age (less than 2 yrs), started pocket money I think when they were 5 and 7.
We don't exchange cash though, we just write everything into a book, along with any money they get for birthdays, etc. That way they are encouraged to save up for something decent rather than just junk.