Pocket money for almost 5yo

[soloula]

Thinking of starting giving pocket money for DD1. She's 5 in a couple of months and just started school.

How much do you give your kids this age? And do they have to earn it? If so, what for and do you have charts or things to tally up? Do all tasks for any money or earn in increments- 50p a task, say?

Any suggestions welcome. :)

Nothing at this age.

House work should be done for free because it’s a fact of life that it needs to be done. Everyone just has to muck in.

My DD's just turned 6 so a little older. I give her a few jobs to do during the week worth 50p to £1 and she can earn up to £5 a week, which she generally saves or sometimes splurges on a comic with tat gifts. It's great for them to learn the value of money sooner rather than later.

My 3 year old gets £1 per week, not linked to chores as I think tidying her toys away etc is part of living together harmoniously. I started giving pocket money so that she would stop pestering me for toys every time we go into town.

I think its good to give some spendz for those kind of things little ones nag you for - so if they really want some gunge from the toy shop, or a magazine from the supermarket, or a kinder egg, you can say to them, well, have you got any pocket money left and if so, do you want to buy it from that? (I find my dc are much less willing to spend their own dosh than mine).

I did take pocket money (a priviledge) away if they didn’t behave well or do jobs, but it was not specifically ‘given’ for chores. And I did have rules on spending it on sweets.

Dd is 5 and gets picket money based on reward for good behaviour or helping with something that is above the expected norm. Ie I expect her to tidy her toys and help clear the table and load/unload the dishwasher. I don't expect her to do the washing but she will often help unload the dryer and load the washer. I expect her to help clean the house (shoe is obsessed with dusting) , I dont expect her to help clean the bathroom at her grandad's.

She gets about £5 every couple of weeks but I also pay £30 a month into her savings account.

Ds is almost 5 and doesn't get pocket money regularly but if he has tried particularly hard to learn something or been well behaved etc he gets given a couple of pounds, enough to buy a couple of poundshop toys or a little magazine, something along those lines.

He doesn't really need pocket money at this age but he does enjoy the challenge of seeing what he can get for the money he has. Sometimes he'll see something he really wants but can't afford and decides to save his money. He's currently saving for a big power rangers toy and is very excited to go and buy it soon.

It's not every time though so he doesn't expect it, it's a pleasant surprise to him when he gets it (and if he doesn't save it we secretly put the same amount in his money box which probably isn't the best idea but you know he's only four, he gets the concept of saving but not the maths yet. He can learn that when he's a bit older)