Spending pocket money

[eternalnamechange]

I've opened a bank account for DS12 and the plan is i will put £40 a month in, and that will be his pocket money, starting on pay day at the end of this month. I put £25 in it at the start of this week since we're part way through the month and he's already had money for this and that since last pay day.

He's just texted me from his dads asking if he can spend £20 on something for part of an Xbox game. He already has the game, but wants to buy points to make it better.

I said no. Reason being I want him to save money to spend during the holidays, and I think it's a waste.

Of course, he's saying I told him it's money to manage, etc. But i think letting him blow the very first instalment gets him off to a bad start. If he already had other money saved, then fair enough. Obviously he'll get the next instalment in a couple of weeks, but I don't want him getting in the habit of blowing it as soon as he gets it.

I could have said yes, then it comes to the holidays and I have to follow through with the hard lesson, but then it's me who has to look at his miserable little face when he has managed his money well enough to do things with his pals.

So AIBU?

Good grief titty - are you really so tunnel visioned you can't cope with a bit of rounding up for 'conversation' / easy typing ?

Lighten up, titty. Jeez Louise!

Interesting. Mine get all their clothes money. Aged 11, 11 & 12. It is only for clothes though. And when they buy crap they have to take it back. I'm constantly reminding them it's for clothes only. But they have to buy all their riding and sports stuff too. Or ask for it for Christmas.

I keep the cards though. And give them as and when needed.

I find our solution satisfactory but not perfect. It would be better if I could just let them fuck up but I hate seeing them do it. The upside is they take much better care of their stuff now.

Let him blow it and suffer the consequences of running out, a valuable life lesson!

I think, it's best if he learns by himself. If he spends too much on something he really likes, but then doesn't have enough for something else. Eventually, he will understand that saving is important.

We spoke about it again yesterday, after which he spent 10.00 on FIFA points, and decided that we'll try £20 in his hand for spending and £20 in the account for attempting to save.