How Much Pocket Money To Give Children

How Much Pocket Money To Give Children

• The value of money is its buying power. You need to work out how much things cost now, particularly the things your children will want to buy.
• Be realistic and increase the amount as your child becomes ready for the responsibility. Keep track of their expenses by monitoring what they buy for a week or two. Give them enough for the basics and a little bit more but not enough that they could buy anything they wanted.
• When children are little the basics might mean how much you spend on treats for them each week. Having to spend their own money for treats lets them learn that treats are special and limited.
• By about age 10 or 11 you might give them enough to pay for their lunch at school and treats. By 13 they might be required to pay for treats, lunch and transport. You can then slowly add responsibility for clothes, entertainment and gifts for other people.
• When children begin earning their own money you need to think about pocket money again. Should they get the pocket money as well?

Parenting tips & parenting articles copyright & courtesy
Department for Community Devlp, Australia.

Children Helping At Home :: Household Chores :: Getting Children To Help
Children Pocket Money :: How Much Pocket Money To Give Children :: Home

Go To Main Parenting Index Page