When do you start giving pocket money to your DC's and if so how much?

[TheSweetLittleBunny]

DS is 5. He likes it when I give him money to pay for things in shops and has his own little "Cars" wallet that we sometimes put change in for him.

I thought pocket money would help him learn about maths, how much things cost, and hopefully saving up for things he wants.

I started when dd was 6
She gets 70p a week

erm... at the risk of sounding like a stingy old bag, we give ours [8 and 5yo] 'holiday money' - or their grandparents do, or both; other than that they have earned the odd 50p or £1 for doing something extraordinarily helpful, out of the scope of our normal household stuff. Has never been negotiated beforehand.
With whatever money they do have, we tend to discuss what they would like to buy and go to maybe two places that they might like to visit to get the whatever-it-is.
Other than that, when we are out-and-about the dc are likely to go to pay for something like the stuff for our evening meal, choose the ice-buns or whatever and pay for those, general stuff that you are talking about but for general stuff rather than their own, just to get them used to handling money and recognising coins and stuff.

We started giving pocket money when they were 6.
Dd (9) gets 2 euros
ds (6) gets 50 cents

DS1 gets 20p to spend in the village shop on Saturday morning if he has 14 or more stars on his star chart. 5 possible stars for each day so he manages most weeks.

DS1 was 4y3m (started just after xmas), he got (and still gets - now 6y2m) £1 a week.

I thought about a £1 a week sounds reasonable for a 5yo, or £5.00 a month maybe.

I am a big meanie. My girls g et pocket money from their great grandad every week. I dont give them pocket money (they are 7 and 5) as I take them to loads and loads of places and I expect that they do the small amount that I ask round the house. Feel really mean now.

They also get their own holiday money from grandparents etc.

e didn't really get into the whole pocket money malarkey at all and just made sure they had money when needed and occasional treats. Then last year, when they were aged 12 and 10, we started giving them £3 a week but we were rubbish at remembering it. So now they each get £30 a month on the first day of each month (we're into the third month now).

They use this to buy anything they want but don't need - so, if they need new shoes we buy, but if they want a new T-shirt, they buy.

So far this is working really well. DD1 13 spends hers on various bits and pieces throughout the month, including a Starbucks coffee or two, cheapo H&M clothes, jewellery etc. DD2 now 11, blows it all in one on a new DS game or a pile of books each month.

DD2 also has shown the ability to save, so once she knows what she's got at Christmas, she plans to save up her next few months' allowances to buy "something big." Last year, she saved up birthday money, her sets of £3 when we remembered them and the odd pound or two from grandparents and bought her DS.

£1 per week yrs 1 and 2, £2 a week years 3 and 4, £3 a week years 5 and 6. Not past year 6 yet!

It's brill - you never have to say no to anything they ask for in a shop - just yes of course, have you got enough money saved? Then they rapidly reconsider whether they really want it.

Best thing we ever did.