When should you start giving kids pocket money?

Personally I think that the younger they are the better as it teaches them from an early age the importance of money and saving. I started to get pocket money from around the age of 5 years old myself and had to do a few simple chores to get it. As long as the child is at a point in their life where they can understand what the concept of money is and why they will get it of they do A, B and C etc then the age doesn't really matter. Your daughter by the way certainly has a great sense of innocent humour for such a young age! lol.

It depends on which school they do attend, if it is far away from home. If they return home using public transport or not. If they need money to buy their lunch or other "extras" such as drinks at school. © ronaldinu 2008

You're right. Three is a bit young for them to have any real pocket money of their own. They don't that they have money, but don't really understand the value of it. I would think that a good age for them to have real pocket mone would be around 9 or 10 unless you think their more mature at an earlier age. Some kids mature in that area faster than others. Shoot, there are some people who should never have pocket money on them. lol

I think it would depend on why you want your kid to have money. If you want to tech your kid the value of money and hard work, then money should be doled out as a reward for small chores around the house or whenever she gets a good grade or something similar. But if you just want to make sure that your child has money to enjoy life, go shopping, and eat out, then it wouldn't matter if you left her an inheritance by the time she turns 22 or if you just give her an allowance by the time she starts going to school.

I'm not sure what the right age is but I think kids are never to young to start learning how to save their money. My kids both have a piggy bank and even when they see a penny on the sidewalk I tell them to pick it up and they'll put it in their piggy bank.

no i dont think so its i right age to give them pocket money,,we can give them pocket money when they enter teenage..until then we should takecare of things,what they need,if they need something we should assit the,,of course you should give them some money for savings,like piggy bank..but that not right age to give them pocket money

I'm not a parent. But as we were all kids once, I think that givng them a few dollars is okay. Maybe when they turn into teens since that's the age they'll most likely be going out with their friends. it would suck to send your child to the mall with other kids and everyone is sitting their at Mcdonalds eating burgers and fries while your kid is sitting there with their hands stuffed in their pockets sucking on fresh air. ít's kind of a no win situation.If you give them to little they can't really enjoy themselves that much. If you give them too much, they'll most likely spen it all. My friends son goes to school up in Massachusets. She gave him a credit card with a spending limit on it. I can't count the number of times he has gone over the limit after she tells him not to use it so much. That's the thing with kids. They will never truly inderstand the value of money until they reach an age where they make their own cash and start buying things themselves. Then they can appreciate and understand that what ever it is they spend money on, wether it's food or clothing, or whatever, it's not to be wasted,and it's to be well taken care of. I know I did it when I was a child. My mom gave me a credit card when I was just out of higschool. I went to virginia with my cousin and came back with a trunk full of sneakers. I didn't see anything wrong with it. You don't undestand the true value of a dollar until you have a job and start paying bills.

I do think three is too young. I personally have never received pocket money from my parents - its just something that they didn't believe in, but I was always given money for things that I wanted to buy or for stuff that I needed. However, when I was around 11 or 12 years old, I started getting small change for household chores and I did save up and get myself little treats! I think its far better to teach children the value of working for their money rather than giving it to them for nothing.