Pocket money

[muldersspeedos]

How much do your dc get and do they have to do anything for it such as keeping bedrooms reasonable and helping clear the dinner table, take out rubbish etc? I have two young teens and a 6 year old. I'm going to put half in their bank accounts to save but give them half they can spend. I can't afford to give them much but I'm not sure how to work out how much they all get when one is much younger. Maybe equal but put more in the little ones account rather than in his pocket?

I give my rising 5 year old 20p fake money (from a toy shopping til) and on a saturday morning I set up Mummy's Sweet Shop with jars of stuff to choose at different prices, he has to work out what combination of sweets he can afford and can keep his change to the following week

He can then earn extra 5p amounts for various good deeds/chores. However he has to make his own bed and put his own bowl/plate in the dishwasher and these are not paid.

what is a rising 5 year old?

My 9 year old gets £2.50 a week. It rose from £2 a week a few months ago after he successfully negotiated a raise. He gives 20p a week to charity of his choice (he saves it and gives it twice a year). Pocket money pays for all robux/magazines/pocket money toys or even larger items if he saves. Actually saves me money in long run.

@suspiria777

what is a rising 5 year old?

Nearly 5 x

@suspiria777

what is a rising 5 year old?

That took me back! In the 70s we talked about “rising 5s” meaning the children due to start primary, when there were 3 termly intakes. It sounds so delightfully old fashioned to me now!

My 8yo gets £5 per week. He doesn't have to do anything for it but he gets £1 removed for every incident of bad behaviour, if necessary.

My ten year olds get £2.50 a week, I’ve been considering moving to £15 a month each when the start secondary in September and we will cover phones etc. Not sure if that’s enough at all, when I googled it came up with £40 a month for 11yo which seems high to me, really I don’t have a clue! I currently expect them to sort the clean laundry into piles, load the dishwasher with their plates, keep their rooms tidy and put dirty laundry in the hamper. I don’t pay for chores as it’s part of living together however I would give them money to clean the car or something one off.

My 14yo doesn't get pocket money as he has a part time job which earns him more in one day than I could afford to give in a month, so I don't think it would be reasonable to give him more for nothing! He does, however, have his phone paid for by us and he wants for nothing. He much prefers it this way as what we gave him (same as DS2, below) was never enough. He earns it though, so obviously it's none of our business whether he chooses to spend or save etc. He's learning to balance that extremely well.

My 13yo gets £40 a month, but he saves at least half (his choice) and spends the rest in dribs and drabs on lunch/cinema tickets/chocolate. We also pay for his phone contract, but that was a birthday gift when he turned 13. If he was to get a job like his brother we'd probably taper it off.

DS3 (10) and DD (8) get £2 a week onto a Rooster card and save/spend as they wish. They're good kids so I have never had to take any away, but they do have the opportunity to earn more by doing extra chores but they never bother! Both have £20+ as saving up to buy Christmas presents for friends and family.

DS15 gets £10 pw, for this he is supposed to empty the dishwasher daily, take out the recycling when the box is full and take the bins out weekly for the bin man. Rarely gets stopped though if he forgets his jobs only if he repeatedly doesn’t do them.

DD9 gets £2.50 pw, her job is to clear the living room coffee table each day and empty the living room bin.

Both are expected to keep their own room clean regardless of pocket money.

what is a rising 5 year old?
4, almost 5

A rising 5 year old is a 4 year old 🤣

Ds is 10 and gets £3 pr week. He gets $5 worth of Robux when he has 6 stars from doing extra chores (taking bins and recycling out, unloading the dishwasher).

We're still stuck on the £5 a week that we've been doing for years (13 and 11 - must update it!) but we buy almost all their treats anyway -£1 each a day to spend in the shop after school, subscriptions for PS4 and Xbox so they can play with their friends, phone contracts etc. I've just signed up to back accounts for them actually so they can have debit cards as finding change is a pain. Will probably upgrade it to £40 or 50 each a month, although we'll still pay for the phone and game subscriptions.

As far as earning it - we don't get them to earn their pocket money but do offer them extra cash at £5 an hour for leaf clearance, weeding, cleaning out the chickens, washing the cars etc.

DS is 12, 13 in a couple of weeks, he gets 25 pm in his account, and 20pm in his Trust Fund, he pays for his XBox membership and any games and then spends anything left on whatever he likes. His phone is part of my account so I pay for that. he does have things to do around the house but it's not linked to his money, it is however linked to his time allowance on his XBox, so the jobs get done pretty regularly.

A rising 5 year old is a 4 year
There is a big difference between a just-4 year old and an almost 5 year old.

8yo (9 in Jan) gets £2 per week on a Go Henry and can use the debit card as he wishes. He accumulated about £50 and used it on holiday.

No conditions attached but gets additional treats for particularly good behaviour.

Those all sound like jobs they should be doing regardless.

Pocket money I suppose they'd get unless they'd been badly behaved. I suppose that would include refusing to help around the house, but I wouldn't frame it as getting money for doing their share.

A rising 5 where I live means a 4 year old who is in reception rather than one who has not yet started school.