pocket money for a 6 year old

[AlliwantforXmasisMcnultysbum]

Dp thinks we need to start giving ds pocket money, I think it's too early.

What do you think? What do you do?

my 6 year old doesnt get pocket money but she does tend to pinch dh's loose change if he leaves it on his bedside cabinet!!

My 7 year old has been getting pocket money for the last 2 years (when we remember!) 50p from me and 50p from his dad each week. He saves it up and we go and spend it every few months in the toy shop. I think it teaches them a valuable lesson about saving money and also money amounts.

My 6 year old doesn't really understand the value of money yet - a penny is the same as a pound to her so we don't give pocket money.

Giving them pocket money helps them understand, so when they come to spend it they know whether they can afford it or not and appreciate some things are more expensive than others (in my opinion)

my ds who was 7 6 weeks ago, has pocket money but he has to 'earn' it.

He has a chore sheet with 4 jobs per day and we tick off each job as he does them and he is allowed to have 3 blanks in a week and his pocket money is the same, otherwise he gets 25p deducted for other additional blanks, IYKWIM.

He has £3.00 per week.

My 5yo started getting pocketmoney on his 5th bday. Its 50p a week. For the first few months he spent it on rubbish, mainly gogos but now he mostly saves it. It has taught him a lot about the value of things because there is very little he can buy without a bit of saving and he has to make choices eg buy a packet of mints (42p) now or save until next week and buy gogos (£1). Its very handy when he asks for things to be able to tell him if he wants it to buy it himself. In the summer he chose a new lunchbag for school but after using it for a few weeks he wanted me to buy him a different one which was about £8. I told him if he paid for half, I would pay for the other half and he has decided his existing bag is just fine. He could have afforded it with money he had already saved but realised there was better things to spend his money on.
Sorry I've rambled a on bit.

DD1 started getting pocket money at 5 - £3 a week depending on behaviour/minor chores (eg bedmaking). Anyway, she occassionally spends it on magazine, go gos etc but has mostly saved - she bought herself a ds1 for her 7th birthday! Wish I had that much discipline when it comes to money. . .

£3 per week at 5 yrs !

My two age 9 & 7 get £3 a week between them !

I was planning on starting my dd with pocket money at 3. Just so she gets into the habit of saving and handling money, then it means when someone has a birthday or we pass a comic I can tell her if she can afford it or not and how much more she needs to save. Once she has a certain amount in her money box we can pay it into the bank. My Mum did the same with me and it's turned me into quite a skinflint saver which I think is a good thing.

I too was at £3
Ds and dd get a £1

Ds aged 6 currently get 20p a week.

This may be because I am tight.

Or it may be because I don't want him to ever have enough money to buy himself a DS.

cat64, I like that way of working it out, I think we'll do that.

My DS 6 gets 50p a week. If we have loads of coppers he gets them as well so we don't need to carry them around!

He started getting this when he was 5 and he has also started to ask about whether he can afford things or not, and making decisions about saving v spending on sweets.

I must admit I thought we were a bit tight only giving him 50p so I am glad to see so many others being equally mean frugal!