In the age of technology I gave my child the option of pocket money or a phone with credit each month. He was 9 and chose phone credit. Credit was $40 per month and included a good amount of data.

We started with a small amount when they started school, just a dollar orso. It was just to learn about value and learning to safe and that when you safe you can buy something nice. We didn’t connect it to doing chores as doing chores is normal part of life, a life skill what they’ll have to do in the end without being payed for

When my daughter started high school and she does chores like vacuuming and setting the table.

Just go by your mothers instinct.

I tried several times to have a pocket money for jobs schemes. They never worked. The kids loved the money but never gig the hang of doing jobs for it.

Our eldest are 7 and 5. We have started this year as we feel they rely too heavily on me to do absolutely everything for them

I dont think we began getting pocket money until we were age 8-9. Which I think is a good age.

my little one is 7 and does not get any as she doesnt fully understand money and maths to be responsible with it. money is not a right for a child it is a privilege which they must earn by being responsible

My daughter is 6 and doesn’t get pocket money regularly, only if she has been really good or is off school and comes to the shops.

great question, when it feels right, is the answer, the early that they start sving, the easier their life will be,

imagine how much easier their life will be when they don[‘ t have to worry about working just to pay off a car to get to work etc because they have saved for it and they can do something better

As soon as they wanted to spend money is a good time to give them pocket money.
This way they can earn( yes they have to do chores) and feel value for their money.
Turns out when they have to spend their money the must have item isn’t so desirable after all.

I started giving my daughter pocket money at age 5

We started giving our kids small amounts of money for doing chores at a early age . This money mostly went in money boxes. When they were school age they were given set chores for a set amount of money. It became their decision what they did with it .It taught them the responsibility of doing their chores, learning the value of money and taught me patience when shopping with pocket money shoppers.

Both my sons aged 7 and 4 get $2 a week. For that they need to put their dirty clothes in the wash each night, set the table for dinner and clear their dirty plates away. I thought about increasing this for the oldest a little while ago, but he is happy enough with $2 and is great at saving up for things rather than spending it all each week. I believe it’s a great way to start to teach little ones the value of money and to build the beginnings of a good work ethic. A few weeks ago they decided to sweep and tidy the dining area all on their own and for this my husband and I gave them each an extra $1.
They are expected and reminded often to tidy their toys when they have finished with them and to tidy their rooms. These things aren’t rewarded with cash as they are part of living in a family home and sharing space with other people.
I don’t think it’s the amount that’s important when it comes to pocket money. I think the message given along with it and the expectations associated are the key. These will vary depending on each family’s own values.

never was a big fan of financially rewarding for “chores”.
Chores .. what are they? things around the home that need doing by “someone”.
Home…where family live.
Family…. we are.. ALL of us..
Perhaps its better to teach our kids “family values” like “everybody helps” , if you make a mess-clean it up or if you can’t , ask for help. If the loo rolls finished-get a new one out.. All “jobs ” are family, not gender or age specific.. so we all muck in and all get done quicker and easier. If they’re fun in a family they don’t seem like “Jobs/Chores”.
Perhaps better to give pocket money as a “gift” rather than a reward or a weekly thing as this can make a child think it’s their “right”. Perhaps its also better to teach our kids from an early age that we don’t live or judge ourselves by what everyone else is doing or is like.. who sets the norm anyway? and there’s nothing worse than a grousy ungrateful kid saying “it’s not fair!”
A random gift ” just because we love you” builds self esteem by the bucket load.
Just a thought.

Hmmm, a while ago. I think when he was about 6 or 7. He got a dollar per year of his age and had to do simple chores.

Our school does Commonwealth School Banking, so they signed up in Prep and each get $1 a week. That was the start of pocket money for our family.

My 7 year old gets $7 and my 5 year old gets $5. But out of that they need to put $1 into savings and $1 into charity (we have money boxes for each) and get to keep the rest.

I started when my son started year one. He was 5 so he got $5. and had certain things to help me with. everytime he has a birthday it goes up a dollar. He is now 8 and gets $8. His chores are to empty the dishwasher and take out the recycling every day. He also needs to keep his toy room and bedroom clean. He is great. He loves saving his pocket money up to buy his lego

When they started school the list is on the fridge and they can do extra jobs to earn their pocket money