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My daughter is 8 and i give her £5 a week and it increases if she does jobs but not jobs that she is suppose to do like washing up, cleaning her room, etc because that should be expected and not paid for. Paying them to do that stuff can make them very spoilt and will expect to be paid to do that all the time including when they are teenagers and want £20 instead. Help cleaning the car is good or doing gardening,etc.
Only give a child what u can afford but also dont be afraid to take some away if they are bad and they can then earn it back.
Good Luck!

2007-09-18 00:25:38 · answer #1 · answered by stacey f 2 · 3 0

I think it's good to give children pocket money from an early age if you do it in a way that teaches them the value of money. so if you tell me that they will start to get pocket money and you will open them a bank account so they can add their pocket money to it and eventually they will have enough to purchase something they really want.

Also make it clear to them that pocket money is not just given automatically but that they must earn it - even if they are very young (5years) they can help you do small tasks around the house like helping you carry laundry downstairs etc...This will give them a sense of accomplishment and long term teach them the value of money and a wortk ethic.

2007-09-18 07:07:21 · answer #2 · answered by Anonymous · 4 0

My boys didn't have pocket money - I provided them with all that they needed when little.When they got to thirteen though three of them had paper rounds and that way they were allowed to buy some of their clothing and so on - but still under my supervision and they voluntarily bought useful things for the house sometimes too which showed that I had raised them decently.
What children need most is love and attention and material things are not so important - but I see the point of teaching them about managing money (especially these days!) but thirteen is around the right age to start that in my opinion - before that let them be children and give them what they *need* - which is not money in the first instance.
Best wishes,
Joan.

2007-09-18 10:41:39 · answer #3 · answered by Anonymous · 0 2

8-yr olds should start getting an allowance, maybe $5-10/week-depending on where you live and your income, but not for basic chores or anything (making bed, doing dishes, folding laundry,etc). Kids should do chores regardless of an allowance. They don't need to learn that by doing chores, mommy/daddy will give me money. They need to learn that- as part of this household, I do chores. However, for special projects or oddjobs (washing the car), it's okay to compensate, just like any other "job" they may get from a neighbor or something.

2007-09-18 08:42:19 · answer #4 · answered by girlie 2 · 2 0

I started giving our kids an allowance at age five. It wasn't much - I think $5/month, but it taught them to save up for toys they want. Now I give them more significant money - $1/year of life per week, so for example our 8 year old gets $8/week. It sounds like a lot, but now they have to buy everything they want. If they want a candy or McDonald's or something like that, they have to buy it. If they want a new video game, they have to save up for it. I still buy clothes, but if they wanted something fancy, they'd have to buy it (so far, they don't care about clothes, but I'm thinking ahead). Dd just bought a little dog pillow that she wanted for her bed and she really struggled over whether she wanted to spend the money or not. The allowance is teaching her monetary responsibility.

2007-09-18 08:59:33 · answer #5 · answered by C C 3 · 1 0

i was 10 and i had 10p
my kids are 9,7,6 and 2 and the 3 elder ones get pocket money as a reward only if they have completed, little chores. make their bed once a week, help me cook now and again. i dont force them but the more they do they get a bit more money. i had no chores as a kids and struggled being a housewife.being a couch potato was sooo much more appealing lol. my kids slowly learn about everyday things like washin, cleaning and i make it fun for them so they dont have a major shock like i did ha ha x
they get 50p

2007-09-18 07:34:24 · answer #6 · answered by bemusedconfused 3 · 0 0

4 years old. $2.00 a week (50 cents for each year of age). That's about 1 British pound (sorry no symbol) a week, or 1.50 Euro.

The thing is though, I don't buy her anything but clothes and food. She has to save her pocket money for toys, and it takes a lot of saving to get anything good. And I reserve the right to stop payment if she behaves badly :-0.

2007-09-18 08:05:20 · answer #7 · answered by ninn09262 6 · 2 0

I got £3 a week from the age of about 12, before that it was £1 a week.

2007-09-18 07:08:47 · answer #8 · answered by Anonymous · 1 0

I started giving them money when they turned 10.. and only £2 a week

2007-09-18 15:21:37 · answer #9 · answered by Keligh P 6 · 0 0

My daughter is 9 and i started at the beginning of the year giving her $10 a week if she does all her jobs on her jobs list. But for every job that doesn't get done she loses a dollar.I found it works really well it's pretty rare for her not to do all her jobs.

2007-09-18 09:22:03 · answer #10 · answered by Anonymous · 1 0

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