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Original poster

Pocket money for a 7 year old girl

33 replies

CeciC · 02/05/2008 22:35

My DD1, 7 years old, if she could have some pocket money. Do you give any pocket money to your LOs and how much?

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lilyloo · 02/05/2008 22:37

no and ds is 6

MarsLady · 02/05/2008 22:37

at 7 it was 70p per week (10p for each year so at 8 they were on 80p)

lilolilmanchester · 02/05/2008 22:37

yes, and £1 per month for each year of age - so £7 a month at 7 years

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CristinaTheAstonishing · 02/05/2008 22:39

DS is 8 and he doesn't get any pocket money. He got 50p for a while but he kept forgetting to take it in town and then forgot to ask about it altogether.

somersetmum · 02/05/2008 22:40

same as lilo

LaComtesse · 02/05/2008 22:52

I was thinking of £1 a week for my dd who is 7.

juuule · 02/05/2008 22:52

We don't give pocket money. Far too controlling for that

lilolilmanchester · 02/05/2008 22:59

The good thing about pocket money is that it teaches them to really think about whether they want something or not. "I really want an ice cream" "OK, I'll pay but it comes out of your pocket money" "mmm, well, i don't think I want one now" etc etc

To be honest, not sure the amount is as important as the principle behind it: spend it all, and it's gone; save it, and you can get something bigger; you have to make decisions about what you really want and really need. Basic financial management at an early age IMO!

Earlybird · 02/05/2008 23:18

I've just started a new pocket money system with dd. She receives £7 per week (as she is 7 years old), and the money is split each week as follows:

£3 - available to spend for bits/bobs
£3 - put into long term savings, along with any birthday/Christmas money from relatives
£1 - set aside for charitable giving

We used to do 70p per week, but it became apparent that it was not enough spending money (so she pestered me), and it also would her take months and months to save for a modestly priced toy (hard to motivate when reward was so long coming).

She is now contemplating saving for a ds lite. I've told her if she saves half, I'll pay the other half.

So, that's what we're doing about pocket money at our house....

LaComtesse · 02/05/2008 23:21

I'm starting off small with £1 - I explained to her that she'd have to save for what she wanted and once it's gone, it's gone (for pocket money stuff, natch). I gave the example of her comics and she understood that in principle - might be different when it comes to it though.

Original poster
CeciC · 03/05/2008 15:52

Thanks for all your replies. We will probably do £7 for month, but there will be chores to do attached to it, as tidy her room or help me with clearing the table after meals, so she might learn that she has to "work" to earn any money.
She had to save money for the DS, well she ask for money to uncles and aunties and grandparents for her birthday, so instead of having a lot of different presents, she had just the DS.
Thanks once again ladies

OP posts:
madmuggle · 03/05/2008 20:06

Nope, and no plans to either.

Chipstick · 03/05/2008 20:11

£1 set aside for charitable giving at age of 7?

Earlybird · 04/05/2008 12:22

Why ? Please explain.

twinsetandpearls · 04/05/2008 12:25

dd earns her pocket money through the pasta jar.

She is good at saving money and often if she wants something we will say you must come up with half or whatever.

She is only allowed sweets on Friday and these come from her pocket money.

She is six we have been doing this since she was 5.

flack · 04/05/2008 12:48

Kids are pretty egocentric, Earlybird. Im' impressed that you're doing it for your DD, but some kids wouldn't get the purpose of the charitable giving at all.

I do same system as Marslady... That's a basic, whether they do any jobs or not. They have to do one job (typically 3 minutes to complete) a day for the family, & They can earn extra money by doing extra jobs (10-30peach).

They never choose to do extra jobs! Lazy sausages.

mumeeee · 04/05/2008 19:07

£7 a week is far to much for a 7 year old. Yes I know she sabes some of it, But she stil has £3 a wek to spend. What will you do when she is older?

RubberDuck · 04/05/2008 19:11

We have a 20p per year of age once over the age of 6 rule at our house.. I wanted ds1 to have a chance of saving up for a favoured toy in a reasonable time frame.

DebatingAnother · 04/05/2008 19:14

I had £1 a week at that age which I think is perfectly acceptable

DarthVader · 04/05/2008 19:19

£2 per week here

bigTillyMint · 04/05/2008 19:43

My two earn their £1 a week by tidying, hoovering and dusting their rooms once a week - it's not really a proper clean, but better than nothing and we hope it's teaching them a bit about responsibilities, etc. They started when they were 7. DD nearly 9 now, we may think of something else for her if she wants to earn more...

Chipstick · 04/05/2008 20:42

Sorry only just come back to thread - I just think making a child give money to charity at that age is very unusual?

Generally people give monies to charities that are close to their hearts for whatever reason, but at that age it would be unusual for a child to say 'I want to give money to the PDSA' for example?

ByTheSea · 04/05/2008 20:44

We give 20p per year of age per week. We have four dc and it adds up.

cory · 05/05/2008 10:18

Both my dc's started getting pocket money in Yr 1 (so 6). 50 p a year for the first year, then it goes up by 5 or 10 p a year according to a complicated scale, which I do my best to remember.

No chores attached- but then I do expect them to help me without remuneration if I ask them.

Both of them are rather good at saving up.

motherinferior · 05/05/2008 10:19

£1 a week for DD1, who's seven. 50pm for DD2, who's nearly five.