How much pocket money

[ThatNattyPlayer]

How much pocket money do you give your 13 year olds?
is it weekly or on a helping basis

Mine never got pocket money, they got money for birthdays/Xmas and were encouraged to save it for whatever they wanted.

I don’t have a teen yet but the children I work with get £10.50 p/w at that age. They can get extra through doing extra chores.

I don’t give pocket money either however my mother used to give my child £10 a week and has recently stopped so I’m thinking of taking over

Our 12yo gets £10 a month. He doesn't spend much and he doesn't have to pay for anything in particular out of it e.g. birthday presents, so we see no need to increase it.

Up to their age in £s per week.

75% of their age as a flat rate, and they can earn up to 100% doing chores.

So my 12yo gets £9 per week, increasing up to £12 if chores are done.

My parents kindly give my children £3 per week.
I generally pick up a lot of other costs e.g. mobile phone bill, clothes, buying ice creams when out.
Mine aren't quite at the age of going off by themselves and needing the money for a cinema ticket for example so maybe I will change things then, so following this thread out of interest.
What I find hard in my mind to consider is where do you draw the line of what pocket money is for e.g. designer clothes for example compared to buying supermarket items, buying an ice cream when out - is this a treat and the kids use their own money or if everyone is having one then it's parents who pay.

I give my dc £20 a week straight into their bank accounts (12 & 14) and my dm puts £40 a month in. They save the vast majority of it but if they want an item beyond the normal 'need' they have to buy it themselves.

My 14 yo does the odd Saturday shift at our business and gets £40 for 6 hours, usually wants it into her bank to save.

I've been teaching financial responsibility for years, hopefully they'll be good with their money

My teenager gets her child benefit, which is around £100pm. I do this for 2 reasons.

1. It stops ad hoc asks which will add up. This is a reasonable budget and she sticks to it.
2. We live in a County Lines area and I don't want lack of access to money being a reason she is tempted to be involved with that.

My daughter is a great saver, she sells on Vinted etc and puts that away too, she’s been a bit upset that my mother has taken her pocket money away for no reason which is why I was considering taking over

Ds (14) gets a tenner a week.
He doesn’t do much with friends that costs much, they mostly go to the park and play football or the cricket nets for a knock about.
Occasionally they will go to the cinema and for a Nando’s, in the summer they’ll spend a few days at the local lido.
He’s not much of a spender regularly but every now and then he’ll order himself some trainers or a sports top or something.
it’s not chore dependent, that’s just something we expect everyone in the house to contribute towards.

I think I’ll go for £10 a week, I don’t ask her to do any chores at the moment but I may start.

My son is almost 14 he gets £45 a month but has to pay for Game pass for his Xbox himself. Although he smartly paid upfront for a year when the price went up and saved a fortune. He saves £25 and has £20 for general spending but sometimes he'll move money from savings if he's got a lot of plans in the school holidays etc. Sometimes we will give him extra or pay for his lunch out or swimming etc. He has another savings account where he moved £1000 he had saved that he doesn't want to be tempted to spend, he can't access that.

Your son sounds a very sensible young man
it’s great to see kids have a good attitude towards money

Thank you, myself and DH weren't taught anything about money growing up and both got ourselves in debt. We luckily managed to get out of it in our 20's but we are trying to make sure he is more educated than we were.

Can I ask what the expectations are in your house for what they use this money for? Do they pay own phone contract? Any clubs they do? Clothes?

Thanks

Same question to you if you wouldn't mind answering, as well as his games pass does he pay for his own phone contract and any clubs he does?
Sounds like he is a great saver! Impressed with his £1000 he knows to keep safe.

We pay for his phone, we bought it outright so it's just £5 a month and we pay for his football club but that's a one off payment of £150 a year.
He pays for birthday/Xmas etc presents for me and his dad but we don't expect him to spend much, box of chocolates or something.
He will try to earn more money washing cars when the weather is nice.
We buy his clothes but if he wants something expensive we will tell him how much we wil pay and if he wants the item he will pay the extra amount

Thank you. I tend to overthink what is reasonable and currently pay for everything but agree it's good to give the money to the child to be more responsible about how it is spent. Currently the little money they get is just for fun, so it's working out how much to give so that they have enough to cover what I think should come from it!

Oldest now 16 until recently got £15 a week however has always done chores like the rest of us from doing washing or grass cutting...It's now dropped to £10 as he has a part time job now so I pay his phone and anything else he pays himself or saves

@Moonnstarz if we are out as a family and we have lunch or a treat we pay for it. If my son chooses to go out with his friends for lunch then he will pay. Every now and then we will cover it though. We just want him to learn it's not a free ride and he has to fund his social life.

£50 a month.
I pay for phones. Clothes and usual toiletries.
If out & buying littles an ice cream/drink etc I buy for everyone.
DD buys make up & perfumes, sweets etc and anything else she wants. She does save for bigger items that she might fancy.