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Original poster

Pocket money

22 replies

BiscoffSundae · 10/06/2022 22:32

Do you give your primary age DC pocket money? I’ve seen it mentioned a lot (mainly on other sites) and just wondered how common it is? I don’t like the idea of my primary age kids having pocket money but wondering if I’m being mean?

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Flopisfatteningbingforchristmas · 10/06/2022 22:33

Why don’t you want them to have pocket money? Yes I give my yr 1 child pocket money.

Discovereads · 10/06/2022 22:34

Yes. From Year 1 they got pocket money and the start of every school year they get a raise. Teaching financial literacy is an important life skill and it’s best to start young.

Adamantspants · 10/06/2022 22:35

Of course they get pocket money! Why wouldn’t you?

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WashableVelvet · 10/06/2022 22:37

How much do your y1 kids get and what do they need to buy with it / anything you don’t let them buy? (DC going into y1 this September and thinking about pocket money)

AnnaSW1 · 10/06/2022 22:37

Yes. They are 4 and get £2

Original poster
BiscoffSundae · 10/06/2022 22:46

Oh really didn’t realise it was so common 😱 probably basing it on my own life then as I didn’t get pocket money till I was in secondary! They get treats now and then depends if I can afford it etc but not given their own regular money?

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Original poster
BiscoffSundae · 10/06/2022 22:47

Adamantspants · 10/06/2022 22:35

Of course they get pocket money! Why wouldn’t you?

I didn’t get pocket money till I was secondary age like I said so maybe that’s affected my view I didn’t realise 5 year olds get pocket money, I buy them things occasionally depends if I can afford it etc but no I don’t give them their own money

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FatAgainItsLettuceTime · 10/06/2022 22:53

DD just turned 8 and we stared it on her birthday, she wasn't bothered before. She gets £4 and next year it will go up to £4.50 and then 50p each year till we decide to re-assess.

Based on what she says some of her friends do and some don't get pocket money so it's very much not a standard or default thing.

She loves it so far, thinks carefully about what she wants to buy and if she needs to save for a few weeks to get a specific item.

Flopisfatteningbingforchristmas · 10/06/2022 22:55

Just started with my yr1 child as she is summer born. £2 a week. She spends in on whatever she wants (not sweets).. She regrets some of her choices and has started to think about what she really wants. It means not constant requests for things because it comes out of her money so she knows if she can afford it from her pocket money she can have it.

OnlyFoolsnMothers · 10/06/2022 22:58

Wow didn’t realise people start so young- I was thinking when my eldest was prob 7 would be about right

Original poster
BiscoffSundae · 10/06/2022 23:01

OnlyFoolsnMothers · 10/06/2022 22:58

Wow didn’t realise people start so young- I was thinking when my eldest was prob 7 would be about right

Glad it’s not just me that didn’t realise!

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daffodilandtulip · 10/06/2022 23:02

Umm so I've just started with DD16 Blush

OnlyFoolsnMothers · 10/06/2022 23:04

I do think until they can understand money- the cost- adding up to £1 etc then pocket money doesn’t mean much

Discovereads · 10/06/2022 23:06

WashableVelvet · 10/06/2022 22:37

How much do your y1 kids get and what do they need to buy with it / anything you don’t let them buy? (DC going into y1 this September and thinking about pocket money)

They got £5 a month.
At that age, it’s purely for whatever they want.
They can buy anything, no limits as it is their money.
But we helped them seek out bargains and taught them the power of saving.

AnnaSW1 · 10/06/2022 23:07

It's a good way to learn about money, the value of money, how we get money and how to count it. Mine are 4 and so I m buying things for them all the time. But sometimes I say no, but you can buy it yourself with your own money if you like.. it's surprising how often they then no longer want that thing because they don't want to spend (waste) their own money on it! When ever they have £20 in their purses we then decide to put some or all of it in their savings and they decide how much of it they want to save.

Rodneytrotterslovechild · 10/06/2022 23:08

Mine had pocket money-once it was gone it was gone
they bought crap and sweets but it was their money to spend or save as they wished
they have all have grown up and know the value of money and how to benefit best from it

my stepdaughters have never had pocket money-their mother bought them what they wanted,when they wanted it (and when they didn’t)
the eldest got to 16/17 and finally got money for herself
she didn’t have a clue-I remember her wailing that she really wanted a skirt and she wanted it now
next day delivery was £6.99 and she fully expected us to pay that bit so she could have it
we refused and she threw another tantrum-she was still going for it when she’d paid the normal delivery and it took 4 days to arrive
both kids are useless with money-they don’t understand the value nor how to work it to the best advantage for themselves
they also spend it like water and had a shock when we refused to top it up for them to piss up the wall again

my mates son didn’t get pocket money,just had every family member throwing money at him and when it ran out,they topped it up
hes grown up not having a clue-he’s working now and it was a shock to find that once his money ran out,it had ran out

i fully agree that it should be taught from being young-it’s a life skill

motogirl · 10/06/2022 23:09

Mine didn't, they got enough money from grandparents. I have them money when on holiday to spend etc. started pocket money at 14 and both are very good with money as adults

Original poster
BiscoffSundae · 10/06/2022 23:09

Rodneytrotterslovechild · 10/06/2022 23:08

Mine had pocket money-once it was gone it was gone
they bought crap and sweets but it was their money to spend or save as they wished
they have all have grown up and know the value of money and how to benefit best from it

my stepdaughters have never had pocket money-their mother bought them what they wanted,when they wanted it (and when they didn’t)
the eldest got to 16/17 and finally got money for herself
she didn’t have a clue-I remember her wailing that she really wanted a skirt and she wanted it now
next day delivery was £6.99 and she fully expected us to pay that bit so she could have it
we refused and she threw another tantrum-she was still going for it when she’d paid the normal delivery and it took 4 days to arrive
both kids are useless with money-they don’t understand the value nor how to work it to the best advantage for themselves
they also spend it like water and had a shock when we refused to top it up for them to piss up the wall again

my mates son didn’t get pocket money,just had every family member throwing money at him and when it ran out,they topped it up
hes grown up not having a clue-he’s working now and it was a shock to find that once his money ran out,it had ran out

i fully agree that it should be taught from being young-it’s a life skill

That’s different though my kids certainly don’t get whatever they want whenever they want, don’t know how they can afford that!

OP posts:
Discovereads · 10/06/2022 23:10

@Rodneytrotterslovechild
Completely agree. It’s not a skill that can be taught in just a few years.

Readtheroom · 10/06/2022 23:13

I think its a nice thing to do if you can afford it Smile

BrutusMcDogface · 10/06/2022 23:18

I give my 12 year old £15 a month. She had birthday money that has now dwindled away.

Adamantspants · 10/06/2022 23:21

Awwhhh I didn’t think they were only 5!! I think mine were about 8 or 9 when I started.

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