Quizzes & Puzzles14 mins ago
Pocket Money - Advice Please!!!
25 Answers
Hi I have an 8 year old boy and as a number of his friends get pocket money I wondered if anyone would mind sharing what they pay to their children around this age. Also, do they have to do anything for this? Should they do anything for this? Should any be deducted for good behaviour or any added for good behaviour?!!
I nearly fell over a few of years ago when I discovered the 'going-rate' for the tooth fairy was £5 per tooth!! This pressure sometimes gets me sooo frustrated, as what can you do/say when wealthier parents can afford better rates?
I am a recently separated mum who is not working due to MS/health problems.
Thanks in advance for your input XXX
I nearly fell over a few of years ago when I discovered the 'going-rate' for the tooth fairy was £5 per tooth!! This pressure sometimes gets me sooo frustrated, as what can you do/say when wealthier parents can afford better rates?
I am a recently separated mum who is not working due to MS/health problems.
Thanks in advance for your input XXX
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.My children get 50p for every year of their age. They don't have specific chores to do but if I ask them for help with anything (bringing the shopping in from the car, fetching something, etc I expect them to do it without moaning). This rule applies to all of them, even the 2 x 3 year olds! (Fortunately, himself pays the actual pocket money which is good as it comes to £15.50 a week.)
Kariah, although you may get answers as to "going rates" I wouldnt feel bad if your finances dont match up to these. Your son will be grateful for anything you give him and is unlikely to be comparing these to his friends. There is no point in going in higher than you can afford as then you will be expected to stay at these levels. Until and if he ever makes a comparison, then you can explain a few of the hard truths of life.
At that age my kids got about £2, if I remember rightly, and they had to save half of it. They still don't get a lot now, but that being said I generally pay for most of their sweets and treats. £5 for the toothfairy, you're having a larf!, the toothfairy in our house got £2, and I thought that was a bit too generous.
I gave my daughter money when and if she asked for it, but only if she had been helping in the house. I wanted her to realise that if you don't work you don't earn any money and that you have to work for the things you want in life. No chores, no cash! I started off giving her small things to do like filling up the toilet roll basket, or laying the table, working up to clearing the table and doing dishes etc. She made our bed for us when she was about 7, total mess really but I didn't have the heart to say she'd got it all wrong, but I thanked her for helping, and remade the bed long after she'd gone to bed so I didn't hurt her feelings. It all depends on what you can afford to give him, I'm sure he'll be happy with whatever he gets, but do try to get him to save just a little every week - it's a good habit to have.
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£5 is much too much ! try £3 but give them a tiny achievable task to do like clearing up the coffee table and polishing it . they will waste the money anyway on sweets etc. try increasing it by 50p a year with a £7-8 ceiling . try and encourage them to save a little . i`m still working on that one. good luck
The Halifax bank conducts an annual survey of pocket money. The average figure, across the UK (for 8-year-olds) is currently £4.44 per week (according to the most recent survey):
http://www.guardian.c...ks-pocket-money-rises
While some people would recommend that children should carry out chores to earn their money, the downside is that you'll probably still need to re-washing the plates that have been 'washed' by a young child, or to remove the scratches from your car's bodywork after they've enthusiastically 'cleaned' it!
Chris
http://www.guardian.c...ks-pocket-money-rises
While some people would recommend that children should carry out chores to earn their money, the downside is that you'll probably still need to re-washing the plates that have been 'washed' by a young child, or to remove the scratches from your car's bodywork after they've enthusiastically 'cleaned' it!
Chris
Mrs NoKids here but bloomin hell! A fiver for a tooth! I wish my teeth would start falling out. I think my nephews/nieces just get a quid. The younger ones are happy with that and the older ones would be too embarrassed to complain about how tight the 'tooth fairy' is these days.
I think paper rounds are a good idea too. I did one seven days a week, although I never took the bike on the Sunday round, trying to work out a balancing act with two bags full of those Sunday papers was a death wish.
I think paper rounds are a good idea too. I did one seven days a week, although I never took the bike on the Sunday round, trying to work out a balancing act with two bags full of those Sunday papers was a death wish.