How much pocketmoney should be given to a child?

@Dolcerina (3379)
Hungary
December 19, 2006 6:17am CST
And from what age do you suggest to give money to a child?
4 people like this
7 responses
@polachicago (19073)
• United States
4 Mar 07
I guess we are talking about diffrent curency here. I would give for 5 years old about $1.50 per week, every Saturday. It will add as $6 per month. Little more for older kids. The idea is to teach kids how to manage what they have.
1 person likes this
@Dolcerina (3379)
• Hungary
4 Mar 07
So, in your opinion I should give for him alredy...(7yrsold)
@polachicago (19073)
• United States
4 Mar 07
For 7 years old I would give probably around $2 per week. Make sure he also have small piggy bank or something were he can store his money. My friend (single mother)is giving money for her kids, any time they help her around the house. Like 10 cents for helping with dishes.
@Dolcerina (3379)
• Hungary
4 Mar 07
thanks again
@Levente (54)
28 Feb 07
enough for his expenses (food and drink etc from school etc)+ whatever you could spare for him. I think it's more imporant to make it regular,so he can count on it,and collect it with the aim of 1.,buying something he dreams of,and you might buy it as he askes for that anyway 2.;learning how to deal with money 3.; showing him how you appreciate him. But note: do not tell him what to spend his money,his own money on,but obviously it is always useful giving him advices,suggestions.And when he's already out of his pocket money you 2 agreed ,he should not take it granted that you would give him more money anyway!
@Dolcerina (3379)
• Hungary
1 Mar 07
As I see now, he does not care with money. He can not count the money even.
1 person likes this
22 Mar 07
so don't give him any then....
1 person likes this
@Dolcerina (3379)
• Hungary
23 Mar 07
hm =/
@adidas7878 (2013)
• United States
7 Feb 07
depend on how much stuff cost, should be around 10 dollars a week or so, they should be spending more than 40 a month, and you should teach him to save some of the money like a dollar here or there. that way, he will learn to save in the furture.
1 person likes this
@Dolcerina (3379)
• Hungary
8 Feb 07
But from what age?
@lucy02 (5017)
• United States
20 Dec 06
$20-$30 sounds about right. And yes, I would start when they are in elementary. That way they can learn how to manage money. I would make them help around the house though to earn the money.
@Dolcerina (3379)
• Hungary
20 Dec 06
Thank you. I still have 9 months till the begining of elementary.
1 person likes this
28 Feb 07
then wait a little bit and so should he :-)
1 person likes this
@lucterius (213)
• Belgium
19 Dec 06
np, yet i think age: around 14/15 years old, because they have to be responsible with it ! not just throw it away.
@Dolcerina (3379)
• Hungary
19 Dec 06
Sould not I give when he goes to the elementary? I think 14/15 is too late.
@lucterius (213)
• Belgium
19 Dec 06
20/30 € a month. i think that that is enough (as a kid)
@Dolcerina (3379)
• Hungary
19 Dec 06
Thank you for your advice
@whozefa (448)
• India
4 Mar 07
well dear it depends on ur status , child's age and requirement