To ask the going rate?

[JacobeanWilson]

What's the going rate for pocket money these days?

My particular area of interest is children age 8 yrs old, but I'm nosey enough to be happy to know other ages too

If you're at a financial extremity, please declare that too. Ie if you're loaded & give DC £25/wk then we're not in the same demographic but I'm still curious to know what all DC are getting these days. Just if you could put it into context that'd be lovely! Thanks!

We're considerable richer than LittleChous - headteacher at famous school and surgeon salaries.

The most we gave was £5 a week.

I think the difference is the money we gave outside of pocketmoney. Money if they were going to meet their friends, going shopping etc.

When they were in the 6th Form, £20 for a night out seemed average. They're now first and final years at uni.

For those that give no pocket money, one thing to think about is how your kids buy presents for other people. It feels more meaningful to me if that's something they've had to save up for from their own money, than if you just buy things and they put their name on it.

£8 a week. The number of pounds of his age. He saves about £5 for bigger treats.

(When I was a kid, I got 80p a week at 8, and £1 at 10... inflation!)

14 year old who doesnt get any apart from what he needs and he seems happy enough

I really like the idea of half & half. ££ for purse ££ for saving.

That could work really well for us on a number of levels.

Now to decide an amount! I agree with PP about starting lower as it's easier to increase if adjustment is needed. Erring towards £1 for purse £1 for pot. 20% deduction per day of not doing her v easy chores / bad behaviour, starting with it knocked off purse £ to protect the saving £. Possibility of top ups for one-off extra chores beyond her expected ones.

This post has really helped, thanks all.

I might start doing half and half thing too. What's this Henry thing peole are talking about?

We started doing the Go Henry card (you load money on it, we do it quickly, is a prepaid Visa card).
So DC (11) get £5/week and DC(8) gets £2.50/week.
Yes we could afford more but i don’t want them just buying sweets and match attack’s. DD though did buy a top when we went shopping.

Oops- we load money on weekly not quickly

Oh my. I would say £3 a week and that’s if they help with the chores 😂