At what age will you stop giving pocket money? I stopped it at 18 with my son as he was about to go to university and had a part time job at Morrisons (he has always been very sensible with money throughout his uni years). I felt that he was (a) legally an adult and (b) he was getting free food and accommodation etc. He stayed at home while at university so that saved money too. He also had money from his endowment, that matured on his 18th birthday, that he used to buy his first car.
My daughter is 18 next month. Has no concept of the value of money and likes to live the good life! I’m worried about her in terms of money. I had planned on stopping her pocket money at 18. Her endowment money will go into her account next month - I know she won’t be sensible with it. She has shown no interest in driving lessons. She has firmed Durham University and York as her insurance. We live in between both so she could actually stay at home. She wants to live at university (fair enough). No interest in a part time job, not even over the summer.
Just wondering if I should continue to give her pocket money after 18. £100 a month plus I pay for her phone. I was thinking of stopping it as she starts university. I know a woman in her 40’s who still gets pocket money from her parents (she has a full time job at band 6 in the NHS)!!