I had to earn pocket money when i was a child and will do the same for my daughter. She is currently a bit too young to understand but i hope to start this in the next year or so.

I didnt give pocket money but nor did the kids have set chores.
I followed my Mother with this. She would always say that you have enough adult years where you have work to do so let children be children.
IF asked to help with something my girls always did. They were also given money to spend if we went out somewhere.

No money for my kids yet and I’m not sure when I’ll introduce it. They have small chores to do.

At the moment she gets $2 a week. As she gets older, the base rate will go up a dollar a year, but she will have the opportunity to earn more. If she starts saving for something in particular, we will try to match her savings

Once a month, I’ll put $1 in each of my kids school banking accounts, to earn the bonus interest the bank offers. Chores are expected, but no pocket money given. Every once in a while, I’ll take one of the kids with me when I get the groceries to choose a special dessert treat. We try and save up for a special treat on school holidays too, and thank the kids for their contribution to our household. Our kids have an understanding on some of our expenses, like fuel, water use, electricity use, etc. Yes, they see kids flush with money, but they know we aren’t and accept that we have to live within our means.

I like my children to contribute to the household, managing their own lunch box, bags and rooms is part of this contribution. They don’t get paid for this, I would then have one boy who demand to be paid to get out of bed! Not a system that would work in this house.

I expect a certain number of chores to be done independent of pocket money – they have to contribute to the family.

I never received pocket money as a kid. But I resented still doing all the chores to avoid being grounded, while my friends were paid for much less.

Fast forward to today… My kids get paid because it’s expected… How stupid.

I expect my kids to help in the house without paying them pocket money for it, just because I think it’s part of life. We do give them pocket money, which they can safe or spend. We agreed that we don’t spend it on food and that I’ll make every day nice lunch boxes.

I agree with children having to earn their pocket money and then learning either to save or spend, their choice. It will help them in later life when they are in the workforce.

Thank you for sharing your thoughts.

My kids think money grows on tress, and in our family thats far from happening, we offer jobs to them at a good price but most of the time they refuse, its got me buggered why there so lazy because we are very hard working people.

Our son is now 14 so $15 a week is deposited into an account with a flexi card. Instead of asking us for money for things, our son now has to use this money and manage it for what he wants. Help is still expected at home and there are certain tasks he is required to do in exchange.

Interesting article and in our household chores have a value – some money for saving and some for spending. Good habits start young.

The green red system is great. I think I will try something similar once we hit pocket money age.

Wish I knew this years ago. I think this system is excellent. This way they learn a work ethic which will help them so much when they become adults.

that is a great idea! then they get a great reward for their efforts!

My daughter is 13 and she doesn’t get any pocket money. We tried years ago. We had a list of small chores and she was getting money accordingly. But she has never been much interested in money. She never spends it anyway! So we stopped with it. But maybe it would be a good idea to talk to her again to see if this is what she really wants.

Lke ds

My kids are still too little to understand money and asking for it (thank goodness) but my 6 year old will get a gold coin for the canteen once a week as well as a lunch order every Friday if he dies his bed and keeps room clean. My other younger ones know that if they want something, mummy and daddy will put money away toward it if they too clean their rooms.