Pocket money for kids

@BYOLA2871 (4373)
South Africa
May 16, 2008 12:01pm CST
As our kids grow up they see need to have some money on them to meet some of their personal needs no matter how little, I want to know what you think about giving kids some pocket money and how much really is good enough and when is the best age to start from?
1 person likes this
2 responses
@stephcjh (32328)
• United States
16 May 08
I have never had the money to give to my daughter to have for pocket money. I always made sure she got what she wanted or needed though. I would give her some chores to do and instead of giving her money, I would take her to buy something she wanted. I never have cash on me so I always had to write a check to pay for things. I think when kids are old enough to help out, then they are old enough for pocket money or an allowance.
1 person likes this
@BYOLA2871 (4373)
• South Africa
17 May 08
hm,steph i guess you have found another way to sort this out,i also agree with you that it does not necesaarrily have to involve cash but doing things to make them undersatnd that there is a reward for every good act,thanks hope things get better soonest,
@ellie333 (21029)
16 May 08
I can't remember the exact age I started giving my girls pocket money but I think about 7 or 8. They would have a chart of chores to do and an amount that would be paid for each one. They could cjoose from the list and tick once done. They would then receive this amount on a friday. For example washing up 50p and hoovering the lounge 50p = £1.00 that week. They would have money deducted for bad behaviour. I would also encourage them to sell their toys and dolls they no longer required so they could put the money towards something they did need and they would have a sort out and I would do a car boot with them, in recent years sell on Ebay. They have learnt the value of money through me doing this and also that it must be earned. Ellie :D
@BYOLA2871 (4373)
• South Africa
17 May 08
that is a great way to make kids understand and value money in fact i like the way you made it sound like they sort of work for what they need while you help them out.this way they understand not to be wasteful or destructive of those things they seem not to need but see them as a means to get extra money.,thank you for this very useful idea.