Thread: What's The Going Rate For Pocket Money

how amny chores do they do?

That is a wide open question. For everyday, $5 should be enough. If they are going to
a function, what ever is required plus a small pad.

This is really a "how much do you trust the child" thing.

My grandkids have a credit card with a fifty dollar limit. This prevents them from
dealing with unknowns. But if they want a snack or something like that they have the
money. They are closely supervised and are held accountable for every penny they
spend. They are 8 and 11 BTW. Also if lost or stole the cards are useless with out
the pin.

This also helps when they need something at school and they pay for their lunches
with their cards.

I'd hazard a guess between $5 and $10 a week, with a couple of qualifiers. The amount would depend on what they will do with it. Fritter it away? Save it for something special, or is it so they have a bit of money in their pocket if they need it to say call home?

Mum and Dad gave my brother, sister and I pocket money according to our ages, from 4 years old - starting at 20c a week back in those days. It went up every year by 50 cents until we started getting Austudy or we got a part time job. It was never enough to buy lots of stuff, but it taught us to count our money and to save.

cheers
Wendy

Depends if they are doing their chores or not. I would say $5 on good behaviour.

i'd say no more than $10 per week unless they need to spend money on a daily basis for lunches or bus fare etc.

$10 for mowing the lawns,$5 for lesser work.That way it is up to kid how much he wants.That is, if he wants $20 he has to work for it.

I believe they should they work for it. I used to work on $5 an hour but they now have part time jobs and earn about $12 an hour. So guess who washes the cars, mows the lawn etc etc

Dont worry about pocket money, notice everytime you go out they do not dip into their pockets, it is always you who has to pay.

By giving them pocket money you are paying twice.

Set them up with chores you want them to do and see if they stick with the program if they do then work out a gratitude from there. As little as possible at first so they do not get too greedy and see if they save or splurge.

Originally Posted by echnidna

What's The Going Rate For Pocket Money for 10 & 12 y.o's

Nothing.

Teach them about the real world and tell them if they want money to spend to get a part time job to pay for it.

Meanwhile they would be expected to do their chores as part of living at home wher you provide the basics. If they fail to do their chores then they don't eat either.

Once you give them money they start to live on the "give me I deserve it" principle rather than the "I need to earn this" principle.


Peter.

where exactly is a 10yo gunna get a job?

if they do stuff ontop of tere normal chores like mowing the lawn then give them some money but not just a set amount each week.

FWIW my 2 were getting $20/month at that age.
Upped to $30 at about 14/16

Now with my eldest starting Uni, I will probably up that a bit again.

What comes out of it?

Things they want for themselves, which do not fall under general family living.eg if I book for a footy match, for us, I pay
Same for movies
If want to see extra movies----theirs
Sons XBOX games
Daughters extra books, outside of gifts
Xmas and birthday gifts, (the small personal ones)
Snacks/junkfood etc
Clothing etc which doesn't fall into "general apparell"

Generally fairly flexible.

Kids are expected to help with chores, etc, but no specific rosters. I throw a tanty if they are slacking too much.

Their principal "jobs" are considered to be their studies and sport.

regards

Originally Posted by Alastair

Their principal "jobs" are considered to be their studies and sport.

regards

Same with the grandkids. They have a lawn service and a housekeepper, so the kids
are to keep their rooms neat,and make life for Mom as easy as possible.

They should keep their own rooms clean without being paid, your mess, you clean it.

I give my daughter (15) pocket money for doing stuff that helps me out over and above here own mess, $20 bucks pw, this is for her to spend on her drawing hobbies, reading, and anything else she likes that are personal goodies.

I still pay for necessary clothes, tampons etc

Ditto my son age 11, he gets $10
I dont think it's a very good idea to introduce kids to a credit card paid for by someone else.
let them manage a piggy bank first :grin

let them manage a piggy bank first

They went through all that.