Pocket money is a feature of many families, and Nationwide would love to find out if you encourage your DCs to earn theirs, and if so, how? NOW CLOSED

[EmmaMumsnet]

They would love to hear which chores your DCs can do in return for cash, and tips on how a pocket money reward system works. They’d also love to hear any other ways you encourage your family to appreciate the value of money.

So, do you believe encouraging your kids to earn their cash will help them in future? Do your DCs get pocket money for keeping their rooms clean and tidy, or do they have to go above and beyond? If so, which jobs come with a cash reward? How do you decide the ‘going rate’?

Whatever you do, Nationwide would love to know how you help your DCs to get a better understanding of earning money from a young age.

Take a look at the first episode of Nationwide’s ‘Tenner Challenge’ YouTube series for inspiration on how to encourage your DCs to start being resourceful with their money. In each instalment, Nationwide enlist a YouTuber to earn as much money as they can in a couple of hours from a single £10 note.

Everyone who posts on this thread will be entered into a prize draw, and one MNer will win a £300 Love2Shop voucher.

Thanks,

MNHQ

Standard Insight T&Cs Apply

My children don't get pocket money yet. However, they do always take their finished dinner plates to kitchen and put in sink. Do their homework without complaining. My daughter is always very helpful and helps put shopping away when it's delivered. They get money for Xmas and birthday which they like to save.

Oh this is something I struggle with - my daughter is a proper spendthrift.
I have tried chores for pocket money with little success.
I am now switching to a 'when it's gone, it's gone' allowance.
I expect a hand around the house anyway, it's not just me that lives here!

My DDs 6 and 9 and they get point to do things like put there clothes away 3 points, don't fight with each other all day 2 points, go to bed on time 1 point, putting there dishes away after dinner 1 point, and each point worth 10p and in a week they earn enough to get a magazine and Im telling you that really works, oh and when they don't listen or fight they lose points as well. But they always try to listen because they don't want to lost points

Behaviour as well as jobs. Good behaviour, tidying their toys away, keeping their room clean all contribute

doing extra jobs round the house/garden

We have a chore chart to earn pocket money. no chores = no money