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What age did you start pocket money

5 replies

CCW14 · 18/01/2025 11:26

Ds will be turning 5 and I was thinking of doing pocket money, just a small amount to help with learning the value of money. He is good with numbers and often will say something costs X amount of money. We also play lots of games that require money.
Is it ever too young to learn to save for what you want and that money doesn’t grow on trees? I would not be doing chores for the money, just a weekly £2 (promoting around that)

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Are your children’s vaccines up to date?
Beccin · 18/01/2025 11:27

Following as I’m also wondering about this.

mitogoshigg · 18/01/2025 11:53

I started when mine were 8&10 for weekly money, they also had to start putting clothes into the laundrette hamper, make their beds and put away clothes into return £1 a week then (18 years ago). Chores got increased along with pocket money ending up with £15 a week at 6th form.

TeenToTwenties · 18/01/2025 12:29

We started around age 5 or 6. Weekly cash. Saved for 2-3 weeks then went into town to carefully spend. e.g. Charity shop toys or ornaments. Go round a handful of shops, choose the nicest thing go back and buy.

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Mumstheword1983 · 18/01/2025 14:19

mitogoshigg · 18/01/2025 11:53

I started when mine were 8&10 for weekly money, they also had to start putting clothes into the laundrette hamper, make their beds and put away clothes into return £1 a week then (18 years ago). Chores got increased along with pocket money ending up with £15 a week at 6th form.

Similar. Older 2 do a few chores/keep their rooms tidy and get pocket money. My 6 year old doesn't yet.

For me age 9/10 I start 😁

skkyelark · 18/01/2025 20:09

We've started with £1/week at five, not linked to chores. You do chores because you live here and contribute to the mess. You get pocket money because you're part of the family, and we all get some discretionary spends (finances allowing).

Part of the logic for starting at five was that we could start with a low enough amount that if they wanted to spend it all on sweets, it wouldn't be that many sweets.

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