Pocket money for 12yr old

[Ontobetterthings]

I want to start paying pocket money to my 12 year old but unsure what to give. I'm ok for money. Can you tell me what you pay pls so I can get an idea? I already save money for my child but they can't touch it. Is £8 a week a reasonable amount? They don't do chores currently so I was thinking of incorporating chores into it.

Mine gets £5 a week.

£8 per week sounds reasonable to me but a 12 year old should be doing chores whether they get pocket money or not.

I have done their age a fortnight since 2yo. She has chores but they aren't linked to pocket money because chores are compulsory and if she decided she didn't care about the money she'd still do the chores!

It's completely fun money and she decides herself what to buy (barring illegal or harmful things!). She wants to blow it on online games or sweets, she can.

Sorry to say but I think you've started both chores and pocket money really late!

We give the amount pertaining to their year group. DC12 is yr7, DC10 is yr5. They get £7 and £5 respectively. This increases in September.

I use the Rooster pocket money app. 12yo gets £7/w with £4 in the spend pot to be blown on sweets and magazines, and £3 in the save pot to go towards his long term ambitions (currently working towards a new ps4). I was planning on doing an amount pw in line with school yeargroup as per pp but there was a behaviour reason why he missed an annual "payrise" at one point. I am awaiting an opportunity to award outstanding excellent behaviour with an ad hoc raise some time in the next few months.

My 12 y o gets £12 a month, but I also pay for his clothes, phone, and bowling, cinema etc (fairly rare).
My 14 y o gets £45 per month but buys his own clothes (apart from uniform), going out (mostly bus and Mcdonalds), and friends birthday presents. I pay for phone and gym.

My year 7 gets £25 a month.

Am following as need to work this out for my 11 year old! She gets a pound's worth of sweets of a weekend and bits and pieces here and there, but need to be more formal

Don't make money reliant on chores. Everyone should contribute to the house hold, and not for monetary benifit.

What would you be expecting him to spend his money on? If it's just sweets and robucks, you need a total different level of payment to if you are expecting him to buy all his clothes and presents for friends.

DC2 (14) gets £10 a week. That's for toiletries & treats. DC3 (9) gets £5. Mostly spent on Robux.

@NameChanged2022

We give the amount pertaining to their year group. DC12 is yr7, DC10 is yr5. They get £7 and £5 respectively. This increases in September.

A week? fortnightly? monthly?

DD13 gets £10 a week .

ooh i look really mean. 11yo in Y7 gets £2.50 a week goes in virtual pot in my bank acc. mainly spent on robux / v bucks occasionally sweets.

14 yo Y9 has £4 a week to her bank account mainly spent on boba and bits for her room.

They also have £250 and £400 savings each mainly from birthday money.

I fund clothes, trips out, travel and any neccesities.

DD12 gets €50 per month, the agreement being that she saves €10. Not linked to chores which dc are expected to do anyway.

I think the depends on what their allowance is expected to cover, I wouldn’t give her €40 pm to spend on sweets and fizzy drinks but she is expected to cover socialising with friends eg cinema trips, going for milkshakes etc. Also the sheet masks, brow pencils and random odds and sods they absolutely must have!

Yeah I think I have started late. I pay for everything and dont expect them to buy presents etc. I buy those. I am trying to make them do some chores now as I am constantly cleaning and think some chores will make them more responsible. I think looking at the responses £8 a week seems ok. I wasn't sure if I was being fair but that looks about right from the responses 😊

From 11 they got their own bank account and had £20pm bank transfer to learn to budget with.

I think DD got £25/month paid into her account.

No chores attached as I don't believe in paying for it. We all live together, we all do chores. DD does get paid extra for out-of-the ordinary like cleaning the car or painting the fence but that's more to get her off the bed and Netflix during the holidays.

She paid for sweets when out on her own, gift shops purchases on days out, coffee shop unless out with us or used when waiting for something she had no control over (like an appointment I couldn't collect her from school for). She saved for larger purchases and paid for gifts to schoolfriends (up to £10).

We paid for everything else.

She is now nearly 15 and we increase it to also pay for cinema tickets, saving for clothing we deed not necessary but desireable

Sorry - weekly @00100001

My two (13 and 14) get £10 per week. They have a daily dog walk and chore each to be done, plus a weekly bedroom tidy to be completed to earn it.

If they need other things over and above that, we discuss. Sometimes, like over summer holidays and they are out lots, I expect I need to pay out more. But if its a normal Tuesday and they want an extra tenner for the cinema, I'll give them it but they need to walk the dog for longer or do some hoovering etc.

I just try to teach them that things have a value and you need to be prepared to put some work in if you want things.

I use an app called Gimi for pocket money, which DS and I both have on our phones. You can set chores and put an amount for each chore (or zero if you chores aren't linked to pocket money). You can also have a basic amount for each week and then add one off chores if they went a bit extra if they're saving for something. DS can set goals he's saving for, I can deduct money from the 'piggy bank' for his phone credit or whatever. Works well for us