Pocket money amounts

[pastaparadise]

What ages did you start dc on pocket money and how much for an almost 8 and 6 year old??

£5 a week for 7 year old

4 year olds get £2 per week. But in reality we spend a great deal more

DD will start next week on her 8th birthday. We're going with the 50p for every year rule I found somewhere online so it will be £4 a week this year then go up each birthday.

We started giving it at 3yo. They get a daily amount based on behaviour (like a sticker chart). DCs are now 5 and 7yo, and can earn up to 12p and 20p per day respectively. Sometimes they get a spontaneous 50p bonus if they do something really fantastic (eg when DD1 completed the school phonics program), or we'll agree a set bonus in advance if they do an additional chore or we want to incentivise learning a particular skill that just needs a little push of confidence (eg "If you can ride your bike to the end of the road and back, I'll give you 20p" worked well when we knew DC could do it, but was scared to try).
DD1 is 8 soon and it has always increased at bithdays, so I think that will be a good point to swap her to weekly pocket money. She is now better able to link her behaviour on Monday to the amount she'll get on Saturday.

8yo has been getting £2 a week since he was 6. He never spends it all (and we buy him a Beano subscription), so not bothered to increase it.

Her age every two weeks.

And we gave it as soon as she wouldn't eat it.

And any junk, crappy toys, sweets etc. were all bought from it. She's brilliant with money now as a tween.

Our 9 year old has a tick chart of things he has to do each day, nothing to hard just keep room tidy, good teeth cleaning, being respectful.Every day he gets all ticks he gets 15p, then if he gets them a full week we round it up to £1.50, it works really well.

My 10 year old has a go Henry account (has done for a few years) his base amount is set to £2.50 and then it increases to £5 if he does his two chores.

We give each of our kids the amount recommended to foster carers.

simplyfostering.co.uk/what-is-fostering/fostering-a-child/pocket-money

Mainly because DH and I disagreed over how much. (He wants to give less, I wanted to give more).

I give my 8yo £5 a week. It is dependent on behaviour.

My kids are 9 and 11 and get no pocket money from us, they look after their hens and sell their eggs to neighbours though. They've got a nice little enterprise going with branded egg boxes (felt tip pen created), 2 regular customers and youngest has just 'won a contract' to supply her school receptionist with a box each week in term time. We have 9 hens. 😁
There isn't any point me giving them any as they never spend it anyway (I buy the chicken food), the eldest is hoping to buy a car with it when he turns 18 (not sure the maths stack up for that but it's good to have a goal).

As a kid I got £2.50 a week from the age of 6 (2000s). When I reached 10 my dad sat me down each new year and I was allowed to 'state my case' for why I needed a raise.

If he agreed with the reasonable terms, what I needed to buy from it and some examples of prices of things he would agree to the raise 😂

It was fabulous. I'm pretty decent with money (shit at asking for raises though).