pocket money?

Question

how much spending money should a 12 year old boy get a week ?

Answer 1

That would highly depend on what area you live in and how much things cost there. A fair allowance in one state wouldn't work at all in another one. You want him to have enough money to buy the things he needs, like an occasional soda, or a new CD or video game every now and then. But you don't want him to have enough to get into trouble with. He needs to learn the value of saving up for something he really wants, like a new ipod or something. Gage it on what you can afford to give him, and how much you want him to be able to spend.

Answer 2

At age 12, he should get as much money as he can earn working at home. An allowance for chores is a good way to teach him the value of money and that you must work in order to have it. For example, give him about $10-15 for doing the dishes, another $5-10 for raking leaves, cleaning windows, etc. You can't set a standard amount without knowing the child's level of responsibility. Take into consideration his grades, behavior, and what he will use the money for. Don't give a lot of money for him to blow on useless things, but if you see he's saving toward a goal to buy something special or using his money wisely, why not help him to learn financial responsibility.

Answer 3

well lets not be too harsh on the kid or be too easy going with him -
1st - is he asking for pocket money?
2nd - does he need money for anything - not like a young girl who needs money for girly things-u need to know what he's spending it on
3rd - is he doing anything to earn his pocket money - we need to teach kids the value of money-its not grown on trees- get him on the recycling or leaf picker-upper or just to keep his bedroom floor clear

so he gets the money - now comes the hard bit - deciding how much-

well id give him 50p (bout 30 cents) a day - for every year of his life so he's 12 that would be about £3.50 a week - so every year he knows its going to go up - the more jobs he is willing to do the more he earns - if one day he decides to go clean the car - give him an extra few pounds - but if the lazy little devil just wants to sit around on the pc or ps2 all day smoking fags - then put yer hand down with a firm foot as they say.
i hope this is of some help

Answer 4

depends on where you live, in a way.. but in general, excluding school snacks.. about 30 dollars a month. my advice to you is, dont give it to him every week. people don't usually get weekly paychecks, they get monthly or bi-monthly. i'd suggest that you give it to him on the fifteenth and first of the month and teach him how to properly manage and save him money so he will have what he needs until he gets his next allowance. also, give him odd jobs to do around the house/the neighbor's/a relatives house, and pay him a small amount of money if he wants to earn a bit more than his allowance. teach him early on about spending some of his money, but also saving some. it's really important, as he will have a good knowledge of his personal finances as he is older if you start early. of course, it's not very serious right now, but having a good basic structure is important. good luck!

Answer 5

Enough so that they can at least buy a magazine or something. Pocket money is a very useful thing - it can be linked to chores, teaches basic numeacy, budgeting, the concept of saving, negotiation and quite a few other useful ideas.

Answer 6

I think £5 is a good starting point and if he needs more money he's of an age where he's old enough to start earning it by doing chores. This will teach him the value of money and should give him a sense of achievement and pride at earning his own money.

Answer 7

I would say between £3 and £5.

Thats enough for them to get a decent toy or save for a bigger thing but I would only give it if the deserve it!

I would have a base rate of £2.50 a week then they could earn more by doing extra chores.

Answer 8

My mom still gives me 50 cents a week and I'm 30...no really though...10% of his age 1.20 a week but allow more for good grades, getting chores done, extra things like that. Then 1.30 when he is 13 ect...

Answer 9

At that age, I used to get £5 a week............. so I'd give him £5 a week, and throw in an extra £1 for each job he helps round the house with....... and encourage him to save at least some of it in something like a HALIFAX SAVE4IT savings account http://www.halifax.co.uk/savings/save4it.asp

Answer 10

at 12 (im 22 now) I got $20 a week but that included lunch money