How much pocket money? And when?

Question

Do your children get pocket money?
How old
How much
Do they do chores for it?
What age did you start it?

Advice....

Answer 1

As soon as a child can comprehend that helping around the house is a good thing and you can earn for it, introduce it.

When they are younger, children should have some sort of reward system.

I started doing my basic "chores"...around 7 or 8...

you know. help mom do this , and all that jazz.

I got allowance. It's hard to say how much cuz i honestly don't remember. I think allowance is a good idea, because it really teaches a child responsibility.

Answer 2

My 4 year old gets to keep 1/2 his gift money the rest goes into his saving account.

When he turns 5 he will begin getting an allowance for doing his predetermined, age appropriate, weekly household chores. I would say $5 dollars a week. Which he can save or spend.

Right now if he wants something he can use his gift money or help us do house work like help wash the car and help set the table to earn a little extra if he doesn’t have enough.

Each year his chores/responsibilities will increase as will the amount earned.

After graduation of high school, there is no more allowance, even if he is still living at home. He can get a job and pay for the things he wants & needs.

We will always supply the necessities, like food, clothing etc…(until he is old enough to do so himself like around 17-19…money must be earned for extras like outings with friends, video games, gas etc.

MONEY DOESN"T GROW ON TREES!

Answer 3

My son is 11 - he gets £3.75 a week from me after he has tidied, polished and vacuumed his room. I do a room inspection and then give him the money! He may or may not be asked to do other chores around the house but they are for the family, not for money. I sometimes let him do bigger chores to earn extra money e.g. car wash. We started this at age 8 and it was a process of negotiation - he was hopeless at doing his room then so he got help initially. He only buys sweets with his money so that is why it isn't loads. His dad pays £10 for his phone so that he can contact him and I think his dad gives him £1 per day when he stays there. My son also gets Christmas and Birthday money from relatives which he keeps in the bank until he has enough to buy what he wants (also depends on whether I agree). My son did do 'little chores' from the moment he could walk e.g putting toys away, 'helping' with dusting and vacuuming and that sort of thing. We find that other parents give their children a lot more and no chores but I don't think that is much of a lesson for real life! Oh, and clubs etc I pay for e.g. his youth club on a Friday is 50p which I give him on top of his money. Hope this helps.

Answer 4

You have to make sure that the amount of work they do is rewarded. A relative of mine gives her child $2 a week. Ever since they were 9 or so they got it. They would have to keep there room clean, help with gardening on weekends, do the dishes a couple of times a week, help with dinner when asked. I think that they should of been paid more because they did a lot and thats all they got a week - no money for lunches at school etc.

When they got to 14 they stopped doing chores and didnt ask for the pocket money because they amount of work they did, they felt it wasnt worth the $2.

Reward them properly.

Answer 5

At ten they got 10 dollars a week
At fifteen they got 25 dollars a week
At 17 they had their own jobs but got 75 dollars a week
They were supposed to to chores
Sometimes they did
Sometimes they didn't
I think kids need pocket money
Mine also had a credit card starting at 16 for school clothes, and had to ask for other purchases. I never once had a problem with them using it for anything they didn't ask for.
I was raised the same way and it taught me responsibilty for money and how to pay bills early on.
When they used the credit card they would come and tell me so I would know (just like they were paying the bill). If they bought something that I felt was outlandish that was unnecssary I would make them give me money to put towards the bill to make them understand how the process works. They understand.

Answer 6

Pocket money is like allowance money. They should ONLY get that only if they have really earned it like if the have gotten excellent grades in school, very good behavior and have helped a lot with the house chores. They should get it when they are old enough to realize the importance of money(above 10 yrs old) if they are to young they wont appreciate it and will just blow it all up. They need to be old enough to understand that money doesnt grow on trees-that they need to really earn it.

Answer 7

I don't have kids yet (1 week to go) but this is something my partner and i have already talked about, our children will have to do chores to earn their pocket money however if they misbehave then they get money taken off them and have to earn that money back. If they want to buy something specific, they have to save so much before we will put the rest in. We believe that this teaches children the value of money and if they want something they have to work and save for it, we also think that children respond better to this sort of punishment than physical punishment because money means alto to a child. You can start this at whatever age yu think best suits your children.

Answer 8

My children did. As soon as they could say I want. I made them earn it. They did chores and helped neighbors. Not the kind of chores they should do just for appreciating their family like garbage, dishes, cleaning their rooms. These chores they should do anyway. I started them off with a dollar and as they got older and the chores got bigger I payed them more. Now they have finished college and have great jobs and make good money of their own. I blame it on the if you want it you should earn it rule. I am proud of them both. Can you tell?

Answer 9

start doing chores when they get in kindergarten. give them a wallet or a pocket book and tell them to always put their money in there so they know where it is. start this early so it becomes a habit. give them a dollar or some change if they help you with one chore that is not to hard like, drying the dishes or folding clothes etc.. ask them to do this everyday at the same time so they learn pattern and responsibility. when they get enough money take them to walmart or a store to spend it this will teach them that they can earn rewards in life by doing good things.

Answer 10

Pocket money...always a big dilemma. When you consider the fact that children contribute to what must be cleaned in a home, then they should have the responsibility of helping to clean it regardless. Money should not be a reward for what is expected...cooperation. Those who muss up should help clean. Even small children are capable of putting their toys away. Save the money for occasions when it is required...like going to the movies or for a special item. Money should not be used as a bribe. There are many things in life one must do that one are not paid for.