ChatterBank1 min ago
Pocket Money Inspired
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For more on marking an answer as the "Best Answer", please visit our FAQ.I was (and still am) extremely tidy and clean so i was never paid to do chores around the house. Chores were just expected to be done albeit with a bit of pushing from my mum.
It was more of a, "if you want to live in filth then fine, but not in the rest of the house!" thing...but i did get given pocket money (50p a week) when i was 8, and then when i went to secondary school it went right up to �5 so i could buy food (so i suggest packed lunches for this) and get the bus.
They did not have to earn it BUT it wasn't a lot - basically covered sweets.
They graduated to a monthly allowance that had to cover more of their regular expenditure at about 10 yrs.
At about 14 / 15 they had a fortnightly allowance that covered ALL expenses. I paid for school uniform, 1 pr shoes , 1 coat ,( both when required ), all underwear , 1 magazine delivered weekly , guide subs, family holiday , toiletries as needed as long as they came in my regular shop - any fancy bits not bought by me.
They managed their own finances , chores still not necessary but often done anyway.
Any extra cash needed was earned by baby sitting, dog sitting etc.
Never a paper round as I felt not safe for young girls to be wandering around our rural area on their own. Also not Saturday jobs as we lived too far away from the town.
Waitressing / bar work / chambermaiding all used at some time also.
Formula for monthly allowance:-
Work out roughly how much they need for basic stuff each year, (eg 30 gifts @ �5 ) how many cinema trips you are happy to pay for , etc etc.
Divide this total annual sum by 12 and round up slightly.
My children had about �20 per month 12 - 15 years ago.
Sorry it's long winded - hope it helps.
My parent's had the exact same attidude/approach to pocket money as magicdice. We all had everything we needed, and when I was 15 I got myself a Saturday job to help with the upkeep of my horse. I think kids are given way too much pocket money these days, and there's a danger (in my humble oppinion) that it can make them irrisposable towards money with an easy come easy go attitude. It doesn't do kids any harm to appreciate the value of money and also that it isn't so easy to get! When all my friend's passed their driving test, they were each given a car by their father's... when I passed my driving test I asked my dad if he would buy me a car and his answer was "if you want a car badly enough... then get out and earn the money to buy one yourself!" I never forgot that! At the time I was a little peeved but I did manage to buy my own car befor that year was out and appreciated far more than my friend's appreciated theirs! That lesson has stuck with me all my life... I realised the value of 'saving' and planning and in my own abilities to make something happen for myself!
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