My kids didnt have set pocket money but if they wanted money for something they often did several jobs around the house for me which was just to teach them that you must earn money its not just handed to you.
Once they left school they were to start paying board and paying for their own phones. Board was only $25 a week.

It is really depends on their age. My son is in year 1 and I give two dollars if he get points for his work at school. I just wanted to encourage him. But not everyday. Twice a week. Also it might change in future. For now he is not expecting to get a money. So I don’t bother

Our grandkids get their age per week but they have to behave and help out. We like to see them save if they can and to buy a small gift out of their money for each family member at Xmas. Will definitely stop when they get part time work around school. When that happened our kids had to save two thirds . When it came time to buy a car they had to have savings and we would match it (to a set limit)

I have just started pocket money! And this will be controversial because he’s two! But he takes great pride in taking the bins out and in. So I decided to pay him a $1 per week. He puts it in his savings jar and when he wants to go to the milk bar, he can buy anything he wants. He’s learning reflect for work, what money actually is, how much things cost and savings. As he gets bigger, the rules will be tougher!

use to give my children pocket money of $10 each week for helping around the house and if they did more than expected then this was considered more funds. Made them bank $2 out of each weekly payment and the rest was for them to do as they wish. We paid for all other outside things but if they wanted something for themselves then they could save for it. This was a way of making them consider for later that all pays received should have a saving percentage

I have recently been asking my daughter to do chores and for every chore she does, she gets some money to spend during the next school holiday’s. She is only 6 so there is only a few jobs she can do but it is a great way to teach them from an early age. I do not ask them to pay for their friends. If i invite another child then that parents tends to give money for their child to go and play as well.

Yes we always did, but never as much. The highest our teenagers always got was $50 per month. Besides this they were expected to do chores such as doing the dishes and vacuuming and keep their rooms tidy. We never paid them for chores as chores are part of life and once they ‘ll live on their own nobody will pay them for doing these. They could decide what they wanted to do with the money. Once they started working we discontinued pocket money.

Not at the stage for me yet as a parent – thank god! As im not looking forward to the negotiations. But it’s always good to start teaching them about value of things etc in preparation for when that time comes, so they can make great money decisions from early age. I think as long as its fair, and for me I’ll be putting in a rule that a certain amount must be saved, some can be spent on what they want, and the remaining put away for their needs.

We aren’t at that stage yet, but I’ll give ours pocket money when the time comes. It was so exciting as a kid to have money that was yours. We were big on saving for large items we wanted, so I’d love to encourage that. Maybe just a smaller amount as a base, and more can be earned through chores.

I give my child pocket money for the canteen almost every day. It’s only a small amount at most is $2.50 so he can buy snacks. It helps him learn a bit of math by learning how to calculate.
As each time he gets it out himself under supervision. He’s only in year 1 so is more like learning for him and help build his confidence in speaking as he’s quite shy.

We went with a base amount and extra chores means extra money. Of course there are chores that have to be done by everybody in a household. Pocket money is for saving for rewards and wants rather than needs. It is a good way to start children learning about different buckets of money.

All our kids get some pocket money every week, no questions asked. It’s a pretty token $5 (they’re all in high school), because we still pay for most things. It’s really to help teach them about budgeting and saving up for slightly bigger items. There are ways they can “earn” things they want – eg, they could get me to buy a book for them and then they’d have to do some jobs around the house to “earn” it. We expect them to do some jobs around the house just because they live here and should contribute.