How much money do yours get?

[Namechange58665]

And what do they have to spend it on?

So for example at the moment mine get £18/month but we pay for hair cuts, bus fares, going out with friends, clothes, phone data.

There’s nothing they have to use that money to budget for so it’s all theirs. Whilst they get less than my friend gives hers, I think maybe it’s ok for this reason. Just wanted to get a larger sample though as I don’t want them to be getting less than their peers.

They are 14 and 15.

£10 per week, we pay for all clothes, basic toiletries (in the supermarket shop) and generally pay for activities like cinema, bowling, swimming, that kind of thing.
They pay for food whilst they're out with friends.
And they're expected to get part time jobs at 16.

So that’s a lot more than mine get. Yours are £40/50 a month (in a 4 or 5 week month) compared to mine on £18.

I’ll see what other replies I get but I maybe need to increase this a bit.

£50 from us for pocket money (phone & gym paid for as well). Other money needed is usually gained/earned through babysitting

The £50is spend on bubble teas; odd takeaway; movie, vented etc.

20 per month, we pay for hair cuts, phone, xbox live and if they go anywhere with mates

Mine get £20 a month each into their savings, and £10 a month each into their current account. I pay for phones/toiletries/everything they need.

They don't get anything most weeks as they don't keep their rooms tidy or do the one chore they're meant to do. They easily make their Xmas and birthday money last all year so aren't bothered with pocket money.
If they kept their rooms tidy etc then they'd get the same amount as what year they're in, £11 and £9. Maybe every other month they decide to do it.

Thanks everyone - a mixed bag and I seem to be in the mix now rather than an outlier.

@Usernamesarenoteasy - I’m interested in the saving acc as I wanted to set one up for mine but found they were too young for one (this was a year or so back). Which do you use?

Mine get £15 per month into current accounts and £50 into savings (that they can't touch and probably don't know about).

We pay for all necessary costs like hair cuts and toiletries but they've both had part time jobs from 14/15 so they use this to fund anything extra.

£10 a month fun money, everything else is provided.

At that age $50 a month (about £25), pretty much everything paid for though like yours so it was for things like stopping for a milkshake on the way home from school, make up DD particularly wanted, I think the boys spent some on online gaming. Upped it to $100 when they were around 16 but then they had to use their own money for going out most of the time. Eg. I would buy cinema tickets but not give “hanging around money” on top. DD had a job for her last year of school and DS1 worked in the holidays but I didn’t want the boys to work during term time as they are both dyslexic and I wanted them to focus on their HSC (final exams). This was the right call for our family, may not be for yours.

Nothing.
But I transfer between 10-500 a month into her savings account, she goes on regular outings such as bowling, cinema etc, I pay for all clothes, phone etc
Tbh, she doesn’t really ask for money, as always seems to have money left over from Christmas and birthdays.

£5 a week from us and £20 a month from Grandad. She is 13 and we buy pretty much everything and give her money for food if she is meeting friends. The £5 a week gets spent in the school shop, the £20 goes into savings.

Regarding bank accounts for kids, we set up an account in my name and she has the card to spend money. It means I have complete oversight of the account. For some reason most banks charge for kid’s spending cards but not for 18+, which I think is ridiculous!

€60 per month, agreement is €10 has to be saved. We pay for phone, haircuts, travel card and most clothes.

£30 a month allowance.

I pay for anything deemed essential so school uniform, a pair of non school shoes, essential kit for sports and hobbies, basic phone.

They pay for anything over and above the basic and all casual clothes, social life etc. Want more shoes? Buy them. Want a more fancy piece of kit for your hobby? I'll put in what the "good enough" one would cost and you put in the rest. Want more data on your phone? You put in the additional cost.

They are not very demanding or bothered about clothes which probably helps but it seems to be enough to be able to have control, but what they need to, have a social life plus save for bigger purchases so learn budgeting. Older teen has around £300 saved up at the moment for a special purchase.

£15 a week. On top of this I pay her phone and give extra money for toiletries and make up.
Teenagers are expensive!!!

Wc100423 · Today 08:29
£100.00 month for doing dishes and dishwasher. We pay for toiletries, hair, gym, phone and singing lessons. I spent £500.00 on clothes each before they started college and said they had to last which tbf they have lasted. Neither like eating fast food or college lunches so they take a packed lunch and they mostly eat before they meet friends if their friends are going to a fast food place. They will eat Nandos with friends at a push and if it is in place of a dinner at home I pay for this but they prefer to eat at home rather than eat fast food. If they want more money they can earn it by doing chores. I have money in a cash drawer for emergencies and they are set on Uber so they can get home if they miss the last bus etc. They are sensible. I was never given any financial freedom or education growing up and I was not sensible or money savvy at all. I want my kids to be different to me and I feel giving them some financial freedom to learn how to budget and have some control will help them in the long run. They won’t have the luck of lower property prices and final salary pensions at 55 years old like we did they will need to understand compound interest and plan better for their futures. It’s tough out there for this generation.

£10 a week.

I pay for school stuff and basic toiletries and sometimes give them extra towards days out with friends. I also buy 'basics' clothes eg one pair of jeans (if she wants more, that's with her money) one pair of trainers etc

Otherwise the £10 is to cover fancy makeup, ridiculous numbers of unworn clothes from shein, cafe visits with friends etc

The savings accounts are with barclays I think, but you can have a savings account for children at any age.
The current accounts are with Santander, the 123 mini account. No charge at all, interest on balance is around 3%ish. They have their own debit card, and you can open it from age 13. I think.
Much better than a gohenry or the others that charge.

Thanks again everyone. Mine help me around the house but they don’t get paid for that, I just encourage them to muck in.

I think I might increase the money I give them but by way of savings acc as this thread has helped me crystallise that I would like to enable them to save for stuff like trainers or a new top (over and above what they ‘need’, which I buy).

@Usernamesarenoteasy Mine are currently with Nationwide and when I first set their accounts up at age 13, they didn’t have a savings acc for that age. I will ask again and if they still don’t for the age they are now, I’ll head to Barclays. Thanks.

£10pw so some month a bit more than £40, he can spend that on anything he wants, usually saves a third and the rest goes on food if out with friends football pitch/Park Court fees, ps5 stuff, sometimes a TV pass to watch a certain game etc.

Socially active, likes travelling around, 14 year old (nearly 15) gets £20 per month pocket money. Then he can earn £5 per lawn mow, max £10/month and £10 for babysitting 10yo sibling so we can pop out locally for a few hours once or twice per month. I'll usually slip him a extra tenner for train fare and lunch if he's going out with his mates on ad hoc basis. So: £50-60 per month. He saves up some to do a big charity shop twice a year for extra clothes (I buy all the usual stuff), he buys a lot of books (2nd hand) too. He's got one group of friends who like to go to a chinese restaurant but mostly the food out is subway or maccies. He also goes to the cinema and I know he treats one of his friends to this now and again.

Ours are younger than yours but they get 50p for each year of their age - so for example, at age 10, they would get £5/week. They have chores to do.

My 14 1/2 did get £22 a week for whatever she wants. We pay for everything else including hair, clothes etc. If she wants to go out on a trip/needs extra money she does extra chores. Her pocket money chores are dish washer and bins daily and feeding the dogs. Once a week she has to hoover the 2 sets of stairs (town house) and poo pick in the garden.

£3 a week for the 11 Yr old and £5 a week for the 13 year old. I buy most of their clothes and toiletries but the 13 does save hers up and gets more from shein etc. Also £50 a month to a savings account that they can't access yet.