Allowance or pocket money

[McGingery]

I have DD age 12 and as of yet she gets token pocket money from grandparents of £2 week. She gets her phone from me for free but with guaranteed chores as ‘payment’ for that. I buy all clothes and anything she asked for (within reason).

She now wants to be a little more financially independent so we are discussing a debt card and allowance.

So… what is appropriate for a 12 year old? How much should I give her and what should it cover?

I wouldn’t make her pay for anything she needs for school or clubs.

A tenner, plus the £2 from her grandparents? I would expect that to cover presents for friends, anything above basic toiletries, trips to cafes with friends etc.

My dds have bank accounts with Nationwide that have a Visa card. They’re rarely used, but handy as a back up.
Dds do chores to earn their money. I pay for their phones as they use them for bus tickets app.

Thanks 😊

When ours went to secondary we switched to monthly pocket money to a Nationwide account and they had a cash card.
When a bit older we switched the cash card to a debit card.
You could give her anything from £10 per month upwards.
Do you expect her to buy (token) xmas presents for you / siblings?

I have a Foster Child and SS have set amounts to give children each week. I can't remember exactly but think it was something like £8.55 per week for a 12 year old. This covers sweets, incidental buys whilst out with friends, hot chocolate etc. Not included are toiletries and phone SIM or clothes.

I'm giving my 12 year old £10 per week recently increased from £5. I know others will give more or less and it depends on affordability. I couldn't give more at the moment. She needs to buy friends presents, drinks/ snacks / cinema etc when out with friends. We pay phone and clothing though if she wants more than what we get her she will need to use own funds.

I used to use social services foster children pocket money amounts as a guideline as they were meant to replicate what a child's peers might get. In my area a 12 year old would get £5.15 which does NOT include phone, regular activities, clothes or toiletries