I know this has been done loads before but how do you decide how much money to give a 16 year old?
He currently gets £20 / month and saves about 1/3 most months.
I pay for phone, clothes (he has no interest in fashion so basic stuff), shoes, barbers, an occasional magazine and a hobby (climbing).
I was thinking of increasing to £50 but he needs to pay for extra clothes, and his social life (which was non existent 3 months ago but is now trips to town for Costa). And any presents for family.
His GCSEs are now finished so can get a job but he thinks I should give him £100/month.