Do you give your kids pocket money?

Question

How old are they when you begin to give them?

Answer 1

My son is four and I give him my change at the end of the day. when he is older I will give him an allowance for doing chores. he uses his change to buy candy etc... we also have a big piggy bank that he is using to save up for a club house.

Answer 2

My 17 year old daughter get money for studying so she has no pocket money as such from us. My 14 year old son does chores and we give him 30 pounds a month. However my 7 yr old has no pocket money just yet but is getting to the age he will also do chores for pocket money.I think about 8 is the right age in my experience.

Answer 3

My son gets £5 a week put into his bank account, I've been doing this since he was born.

Once he's old enough to start doing chores then he will get pocket money for him to spend but I will not buy ice creams etc he will have to save his money for them or go without.
I'll carry on putting £5 a week away but he will also get £5 for himself.

He will have to earn the money and any chores he doesn't do will mean less money that way he will learn that nothing is for free and hopefully also learn the value of money.

Answer 4

I am a kid but my mom started giving me and my siblings money every week for chores when I was like 10 or so. Now I don't get any "chores should be done to help out not for money" evil! I got $10 a week though and I would start at 9 and give like $3-$5 a week or like £6-£10 a week so they know they can earn money. Tell them to save it though

Answer 5

I think you should give them some when they are able to understand how much money is. There's no point handing money over to them when they don't know what they can buy with it.

I put a little money away for my son and daughter each month for when they are older but they are too young to have pocket money yet.

Answer 6

I gave them pocket money from age 6. £1 per week. Then £2 and so on, but they had their own chores to do, and could earn extra by doing extra chores. Some chores were'nt nice, like taking out the garbage, but for that they got extra and so on. It taught them the value of money and earning. I found that they became more independant and good savers.

Answer 7

yes, my oldest three kids, i asked them to do certain jobs around the house, and keep there rooms tidy, and gave them all pocket money at the end of each week. The eldes who was12 at the time mowed the lawns,the second was10 and they helped with the dishes, and the youngest was 8, also helped with the dishes at night, i paid them by there ages... used to pay them all the same pocket money, but wasnt fair on the eldest, because mowing the lawns, was harder than, doing the dishes, good luck.

Answer 8

give them pocket money if your mean under the not let them know they how to get the money from its not good for any age if not that mean its may be from 3 or 4 and teach them some kind of good way for sawe it well

Answer 9

Yes, my kids are 11 and 9. I always give them at least $3.00 a week to buy extra things they want to snack on at school. I also give them $5.00 a week, which is $1.00 a day. If they act upon any of those days a dollar is taken away at the end of the week. My daughter likes to but lip gloss and fingernail polish, things that if I don't want to buy them, she has the money to buy them.

Answer 10

i have given my son some money when he goes somewhere but i know what he is gonna do with it he will spend it all at once so i only give him like 5or 10 dollars cause i am having a hard time trusting him because he does not want to listen to anyone but he does pay the whole remorse thing when he does not get what everyone else gets and i tell him oh well he had money and he wasted it so i really have to say the only time you really can trust your child with money is when you actually think they are ready and do not be like me and have people push you into it like thier friends and things like that