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.

Double the age per week then 20% deducted into a savings account for them to use for gifts for birthdays / Christmas or other bigger items they’d like to purchase. So 12yo would get £24 per week and from that £4.80 goes into savings and £19.20 is left for spending. We just feel like it’s good for them to put aside money for savings and get into the habit from a young age. We pay for most clothes and trainers, mobile phone and any family activities. Their spending money is for activities with friends, Xbox, Nando’s, Costa etc.

Nothing. I should start giving them pocket money though, to help them learn. They do extra jobs sometimes and get paid for it, also get lots of birthday money. And everything is provided..phone credit, hobbies, clothes etc.

They spend their money on toys I don't think they need...not much else.

£5 a week each, plus a further £10 a week each available which can be earned by 1 hour cleaning.

Also:
£45 a month clothing allowance each, and I pay for toiletries, uniforms or sports equipment, haircuts, phone bill, contact lenses and a Merlin pass.

Ok so DD and DS are too young for pocket money as such

DS is 8 and gets £5 for full marks on his Friday test that he can spend on whatever he wants - Pokémon cards, a magazine, a book etc.

DH and I are fortunate enough to save £500 each per month for them into their Premium Bonds - I'll withdraw before they're 18 though as I don't want them having access as young adults - that's a different conversation altogether

Anyway - heading into their teenage years, DH and I will cover everything they need - clothing, phone contracts, socialising etc.

We will also buy their first cars and provide house deposits

I appreciate that my children are very fortunate

DH and I were provided for in a similar way and we are not frivolous, in fact, our healthy attitudes to finances mean we are in a position to provide

I simply do not believe children should be paying for their own clothes. DH and I were well provided for and it did not equal frivolous behaviour

I see where I'm going wrong. My 15 year old just has a card to my bank account . She is quite good though and I can monitor it. My adult kids have no money sense and it's my fault.

Age 14, £40 per month plus pay for phone. That covers going out with friends to cinema etc., We pay for clothes, toiletries, hair cut etc. we might pop the odd £10 into account E.g. last week towards plans with friends (as DH and I were both at work).

DD13 OC gets £5 per week from me with the opportunity to earn up to £10 per week of all her GoHenry chores are done (this is yet to be seen 😉) I pay for everything else, if she has plans to eat out with friends I will give her more depending on where she is going so £5 for maccy ds, £10 for Nando’s etc. I also pay if she does an activity like swimming or bowling. I buy clothes she needs and a ‘treat’ each month (about £20 worth or less if I can get it) as her school tests them monthly and she does well at school.

Her Nan puts £3 a week in a pig, which soon adds up.

Her dad (we are not together) will give her £30 every now and then.

She also has a little job at a dog training event with her dad’s mum which can earn her £10, and she does a bit of leafleting with a couple of girls from school (I know the parents who are self employed) and can get up to £25 for that.

She is generally good with money and keen to earn more so I think that’s positive and I wouldn’t increase her £5 allowance at this stage as she is interested in more ways to make money that I want to encourage

Ds1 is 16 and gets £8 per week pocket money. He also earns £20 per week term-time doing afterschool childcare for me (walking ds2 home from school and being the go-to while I'm working from home).

I also pay for his phone (£6 per month) and most clothes.

He spends it on going out with his mates, a bit of saving and probably lots of unwise in-game online purchases.

Mine don’t get pocket money as such, I buy anything they need and I put £10 on their bank cards if they go out with their mates.

They don’t really spend though, they’ve all still got Christmas money left.
Mine are 12, 14 and 16.

Mine is 4 and gets $4. Reason being that's what my parents did! But the point of it was to teach her about money since she is 4 and much less than that and it would take too long to save up for something, we wanted it to be out of immediate reach but not impossible, IYSWIM. £18/month seems like very little for teenagers, unless you are routinely giving additional for films/food with friends etc, clothes.

When I was at school (14-18), I think I got $100/month (20 years ago) but that had to cover petrol to get to and from school (not UK) and my parents wouldn't pay if I wanted to get lunch out with friends, school lunches (most kids brought in lunch but we were allowed to go off school campus for lunch), films, any clothes etc. I was never given any money outside of pocket money. I got some new clothes at the start of the year and maybe for a birthday but that was it (not UK so no uniforms).

13 year old gets £10 per week and I buy everything she needs. She saves her £10 per week to buy a new party dress or go shopping for crappy bits of make-up etc with friends. She is petitioning for more as apparently she gets the lowest out of EVERYONE she knows! 🙄

I find this interesting. Mine are still babies so can’t help at current rates but I’m 33. At age 13 I got £20 a month off each parent and £13 a week from my paper round. I use to top up my own phone (£10 a month max). My Mum bought my buss pass, toiletries and any clothes I needed but if I wanted to go out or specifically wanted a particular new top I would buy it. My Mum thought it was important to teach me how to budget.
Im surprised rates haven’t changed much in 20 years!
I got a job at 16 which I kept throughout college and uni. Mum still paid for bus passes for college and would collect/ drop me off from uni at the weekends to come home to work but otherwise I was pretty much financially independent at 16 (obviously while in college she still provided food, not at uni though) She would treat me to a new dress or something
occasionally but I would buy most things I needed or wanted.

My 13 yo gets £60/month.

We pay for her phone, essential clothes, basic toiletries, school lunches.

Everything else she has to get herself and manage her budget herself, including how much to save (we have separate savings she doesn't know about). But currently she's got £110 in her savings that she's saving for holiday spending money. We're trying to let her manage everything herself so she learns budgeting and financial literacy at a much earlier age than us 🤣

She also earns a bit extra for herself by dog walking for some neighbours.

We have just started to give DS (11, year 6) a weekly allowance of £5. We pay for all clothes, PlayStation monthly, phone etc. he knows he’s expected to wash up, make his bed, put the rubbish out and last few weeks he’s helped with hoovering & cooking dinner too so we have him £7.50.

so far he’s use it to buy an ice cream when we’ve been out with friends & towards a new PlayStation game.

He is only just starting to go out with friends but I’d expect we’ll pay for cinema, bowling etc but he’ll be expected to use the allowance if he wants McDonald’s, Costa etc whilst out.

Ds in year 9 gets £35 a month, this will increase by £5 every new school year. I pay his mobile phone and he gets £10 on his lunch card every month for the occasional treat. If he wants more mo ey then he earns it by baby sitting his brothers etc.

15 year old - agree with earlier post, asks for money for birthday and Xmas from everyone and makes that last (plus occasional holiday money from grandparents). Does some additional jobs for us for cash occasionally. Her money is spent on days/food out/ additional toiletries, clothes etc.

17 year old has part time job.

£50 monthly into isa, £10 weekly pocket money.
Aged 13.

£20 a week and this pays for lunches, some toiletries they might want to try, money when with friends, towards games etc. basically anything they want. Doesn’t really spend it all so saves quite a bit in his account. £10 every couple of weeks for travel from bursary, the bulk goes into a vault I set for him. He can request this money at any time.

I pay for everything else.

They have a kids Revolut account which I can oversee. He’s autistic and was financially taken advantage of in secondary. He’s recently realised this and when he’s 18 still wants me to have main control of his money.

Christmas and birthday some into savings account, he knows it’s there and some he keeps to pay towards the bigger things he wants.

Older siblings didn’t want any and were happy to als when they needed something.

£40 per month for my 14yo which she either saves up if there is a big item she wants or she fritters on things like amazon or shein! Or she might have an afternoon out at the cinema and lunch with a friend.

We pay all travel, phone contract, hair etc. she can choose treats in the family shop up to £10 per fortnight (which usually goes on appletiser lol)

She can earn extra for doing bigger jobs around the house. She is expected to help out with cooking and cleaning for the £40 (I'm disabled and DH works full time) anyway but I will give her an extra £5 if she does something like deep cleaning the bathroom or the ironing.

13yo... I pay for her phone, buses, toiletries, clothes, hair cuts etc. She usually gets around 40 a month plus extra if she's doing something expensive with friends (like Nandos, ice skating etc). I just kind of see it that I'd rather she had the money to do things instead of hang around in the park etc.

14 year old here gets £50 a month and also does odd jobs for an extra tenner a week.

We cover all necessities (clothes toiletries day trips and what). They save a bit, and but collectibles, make up, games, extra clothes and save up for bigger things they want.

My year 10 dd doesn’t go out a great deal as she’s busy with activities. I don’t see any point in giving her an allowance as she’d just spend it. I have had to buy her a lot of kit for things like a school skiing holiday plus more kit for the Duke of Edinburgh award walk. Think anti blister socks at £15 a pair and I wanted to buy a ski helmet, which was reduced to £130ish and she’d much rather do these things than hang out in town. She’s with her friends doing stuff she loves.

She does go about once a month and has dh’s credit card loaded on her phone but spends peanuts on it. A meal deal, toiletries, the odd Primark thing. She calls me to ask if she can get anything more, which has happened twice in over 2 years. She’s a private school and her activities costs hundreds a month. Given the choice between an allowance and a trip to a snowdome monthly, she’d always choose the latter. We pay for clothes and shoes she wants but so far she’s had almost nothing bar a replacement tech fleece, which I insisted buying for her for DofE. Expensive sports branded clothes and shoes tend to last pretty much forever.

If we were to stop everything and give it to her and not including the school trip but the kit required and ski lessons, she’d probably be getting about £500 a month and that’s not including her clothes and the odd trip into town or a restaurant with friends.

Is that a joke post!?

I mean so far this year she’s had practically nothing clothes wise and no shoes.

My dd is 17yo she gets £40 a month, I don't pay for anything else for her though. Bus costs are paid for through a bursary, she buys her own clothes, make up and uses her money if she meets friends.

She has a fair amount saved up as she works part time.