Pocket Money

[Bluecardi2]

I was just wondering what others do about pocket money. I've never given my daughter any, and she is 6. Should I be asking her to do chores for money? Or is it best to give her a set amount each week regardless? The only money she's ever had is from the tooth fairy, but now I'm wondering if she needs to start learning about saving and spending a bit more. I have no idea how much money would be considered 'normal' either. I'm thinking 50p a week, but then I am a bit tight ... Many thanks in advance for your thoughts on this.

Work out what you currently spend on things she wants - magazines sweets, treats etc and give her that - maybe £3 a week and remind her to bring her pennies if you go to the shop.

If she wants more she can do extra chores, she should already be helping out in some small fashion

I'm in the minority here but my kids don't get regular pocket money. They are expected to help when required...but admittedly possibly don't do as much as other kids. But I am ok with this. They just don't need that much money - they sometimes get some from grandparents. If the eldest is going to scout camp I make sure he has spending money. They are good with managing birthday money (I wouldn't like them to fritter that on rubbish). They regularly come out of school with sweets for a birthday so don't need to be buying sweets etc....and there is a massive tin here of other sweets they have been given. My eldest is going to senior school in September and he has asked me if he can have pocket money then in case he goes out with a friend and wants to buy a drink or whatever...that seems fair enough to me. He wants a debit card so I guess when we sort that I will pay money straight into his account. But it won't be set in stone it will depend on. What he's doing. When he starts wanting to buy his own clothes then we will change it again.

I don't do pocket money as dc have jobs I expect them to do as part of a family. My dd1 is going to secondary in September so I'm anticipating her wanting to go to cinema etc with friends so maybe year 8 I'll start pocket money but there's no rush. She asked once but I pointed out that I pay lots for horse riding so that's her pocket money. She'd only lose it in her room. 7yo dtds have so little concept of money and would just buy loads of plastic tat.

My older two (9 and 7) get £10 a month each. If I give it to them weekly then I often forget to get change, so find it easier to give to them once a month on payday. They don't have to do any chores to get it but they do need to maintain a general level of good behaviour.

Thank you for your replies, very helpful. I have decided to wait until my daughter is a little older.