Advice needed! Monthly allowance for a 14yo

[AlexaShutUp]

I want to start giving my dd a regular monthly allowance so that she can start learning to manage her money effectively. She does currently save most of her pocket money in any case, but I still buy a lot of stuff for her, and we both agree that it's time for that to change.

We have therefore agreed that I'll give her a monthly allowance to cover the following:

All clothes (except school uniform)
All shoes and accessories
All toiletries including shampoo and conditioner but not toothpaste etc
All sanitary towels/tampons etc
All gifts for her friends/family
All books (except for any needed for school)
All stationery
All socialising/entertainment costs
All optional travel costs (e.g. if she chooses to get a bus into the nearest city)
General savings

I will continue to pay directly for any school stuff and for any extra-curricular activities as her hobby is quite expensive!

We are in a comfortable financial position and can afford to be reasonably generous, but I do want her to learn to budget so don't want to give her too much. I'll probably start off with an amount and then suggest we review it in 6 months.

She is 14 and going into year 10. Very sensible and mature for her age. She may look for a part time job to supplement her allowance, and I'd be supportive of that. She tends to spend most of her money at the moment on gifts for friends/family and on going to the cinema/nandos with her friends.

All suggestions/comments welcome.

Thanks Wiltshire. I completely understand that point of view, but the reality is that she already does quite a lot around the house in any case, as we've always taken the line that all family members have to contribute to the smooth running of the house. She's actually very willing and does loads of stuff voluntarily without having set chores as such. I'd be a bit reluctant to introduce an expectation that she would get paid for doing this stuff, as she currently just sees it as being a helpful family member!

AlexaShutUp fair point but do you get paid for being a helpful member of the family? I think it’s a nice insentive personally. When I was young I’d do jobs like wash my dads car, do some gardening for pocket money, I’ve always had a good work ethic.

£100 is nowhere like enough if you are going ahead with wanting her to cover everything. A pair of trainers or a coat will leave her with nothing to spare in a month. She’s also going to spend too much time shopping If she’s trying to stretch the budget. I order stationery off amazon, put toiletries in an online shop etc with minimal effort - I would not want my DD to be spending her limited free time running round Wilkos and Superdrug to bring them in a couple of pounds cheaper.

I agree with mystery fairy who has worded it better than I thought of earlier. The whole point of my online shop is to make life easier, take less time and often take advantage of offers. You would all lose out on time and 3 for 2 type jobs.

Your proposal feels like hard work to me, she is only 14 and this plan wouldn’t be one I supported.

Nothing wrong with a scaled back version at all.