Hi, we've just moved to the UK and wondering how much pocket money to give our DS6 and DS8.
A straight exchange from what they were getting in the previous country would be 1 pound a week for DS6 and 3 pounds a week for DS8. In theory this would increase by a pound a year.
We ask them to split it up into 'Spending, Sharing and Saving' - minimum 25% each category. Every three months they can get interest on saved money.
Their pocket money is linked to chores, though I am aware of the debates on that one. They also get money from relatives at birthdays, etc.
I've seen threads where people give a couple of pounds at e.g. age ten and so forth. But I'm wondering whether that is because other things are bought for the children anyway? For example, I saw that a Lego magazine costs five pounds (with two figurines). If DS6 was to have to save for that, it would take him at least ten weeks which is a heck of a long time for a kid his age (although no harm in learning to save).
Any advice and ideas welcomed.