Comments on: Pocket Money

By: Helen

Helen — Sun, 05 Mar 2006 23:22:06 +0000

TBH Chris, I don’t actually think we have more – especially this month

By: Chris

Chris — Sun, 05 Mar 2006 23:02:31 +0000

Not sure we ahve resolved this yet. H is keen on 50p I’m in favout of more.

By: chris F

chris F — Fri, 03 Mar 2006 18:53:36 +0000

Ok, it was work. School was ok.

By: Alison

Alison — Fri, 03 Mar 2006 16:56:07 +0000

btw, did you say you had some work? How was it?

By: Joyce

Joyce — Fri, 03 Mar 2006 13:31:37 +0000

Hannah gets ?15 per month, just gone up from ?12 in the last couple of weeks. When she was sb’s age, she had ?8-?10 per month. I pay it into her bank account by direct debit, so it concentrates the mind wonderfully about whether or not she will withdraw it. She has a cash point card, or she can go into the bank for it. The minimum she can withdraw is ?10 at the machine, or ?5 in the bank. She tends to like to have about a fiver in her purse, I’ve noticed. She isn’t really spend for the sake of it, and I don’t buy her stuff now, unless *I* want too. Occasionally she will invite me out for lunch off her money :-), and she’s very good at letting it mount up if she wants something special. Her allowance is unconditional, but she can earn some extra if she does tasks around the house or garden that I deem more than I would reasonably expect

By: Merry

Merry — Fri, 03 Mar 2006 12:37:27 +0000

From when she is 4, not ?4!

I think i’ll give her 50p, then maybe ?1 when she is 5. I don’t expect my lot to buy everything, just most incidentals now, but it has given them a feel for the value of money for sure.

By: Helen

Helen — Fri, 03 Mar 2006 10:27:44 +0000

I was thinking of about 50p. Her magazines are usually monthly, and perhaps with the bonus money she receives every so often [from grandparents] and a good money box that would probably do.

By: Merry

Merry — Fri, 03 Mar 2006 09:44:18 +0000

Fran gets ?3 a week, Maddy gets ?2 a week. Amelie doesn’t get anything, but probably will from when she is ?4. Ours was initially based on them doing basic jobs like room tidying and normals but now that they just do those things, i just give it to them.

It has changed lots of things, not least that they’ve stopped begging for gift shop stuff. One purchase of those ?1 toys in a ball from Sainsbury’s was enough for them to see how pointless they were too!

Fran saves quite well but Maddy just has to be rid of it – at the moment i keep a record of it for them in a pocket book because it burns slightly less of a hole in her pocket that way.

By: Alison

Alison — Fri, 03 Mar 2006 09:12:37 +0000

I give mine quite a lot, but I don’t buy them bits and pieces any more. So Ernest gets a tenner a month, and has done for perhaps a year now. He mostly spends it on sweets from the corner shop once or twice a week, perhaps a comic once or twice a month, taken out if we go somewhere so he can spend it, and then the rest gets saved until I point out that he has enough to get a computer/xbox/ds game and he buys one (I don’t buy him games unless I want to!). He and Gwenny aren’t spend-for-the-sake-of-it kind of kids, but Violet is

By: Sarah

Sarah — Fri, 03 Mar 2006 08:01:15 +0000

Whatever Joe gets he spends, he can’t seem to grasp the idea of saving. Then again what we give him isn’t enough to save, iyswim, it would take years to save for anything decent!

At the moment we’re giving him 50p a week, if he’s done well at violin practice, and it gets given on swimming lesson days so that he can spend it in the vending machine (overpriced, but there’s a thrill about the machine!) which seems to be a huge treat.

The girls have the same random bits of money for random things, if I get round to bank accounts for them sometime soon I guess we will get a bit more organised about it. Maybe!