Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Pocket money for 5 year old

33 replies

CasanovaFrankenstein · 26/03/2018 11:50

What's the going rate please? Things are a bit different since I got pocket money!

OP posts:
MammaH2018 · 26/03/2018 20:43

Urgh god.
I’ve already explained what I meant.
The lady was asking what an appropriate amount of money was to give her child
My point was that at 5, I personally don’t think there needs to be a defined amount or frequency of pocket money

Teafourtwo · 26/03/2018 20:52

In primary school my DC all get £1 per month for each year of age, so 5 year old would get £5/month. From about 7 it's paid directly into the bank just like their older siblings. In high school monthly allowance is negotiated depending on what needs to be funded. Makes managing their money a continual learning process and works for us.

MessySurfaces · 28/03/2018 00:24

£1 per week from five.
I think having a small predictable income really helps with learning to budget and save. And stops pestering!

blaaake · 28/03/2018 00:33

Mine got fuck all at that age. The only cash they had was fake coins and notes to put in their cash machine when playing shop. Never in my life have I heard of a 5 year old getting an allowance HmmConfused

HerRoyalNotness · 28/03/2018 00:36

My 7yo said £10 a month

MsJuniper · 28/03/2018 00:42

We started with 50p on his 5th birthday. I agree it's good for learning value.

CasanovaFrankenstein · 02/04/2018 18:24

Thanks for the responses.

OP posts:
GoingFullNorman · 02/04/2018 18:29

My 5 year old gets £2 a week.

Yes, it’s young for pocket money, but he’s the youngest of 3, with quite a reasonable age gap (6 years to next sibling), so he’s aware of stuff, and quite frankly, it’s not worth the battle, given that it has a good learning opportunity attached.

He uses it to buy Lego, or craft items he especially wants (he practically lives in Hobbycraft!), extra stuff, I suppose. Whenever we are out and about and his sisters are spending their pocket money, he tends to spend his.

New posts on this thread. Refresh page
Swipe left for the next trending thread