Pocket money is an issue that often
concerns parents. To a large extent
it depends on family values and
finances, but there are some general
points that you might like to consider
in making your decision.
When and whether to give pocket
• The age at which you start giving pocket
money depends on your child and you.
However, check what their friends’ parents
are doing so your children don’t feel too
different from their friends.
• The main reason for giving children pocket
money is to help them learn to be able to
manage money while they are still young
and you can guide them.
It also may help children to feel that they are
important members of the family because they
are given part of the family’s spending money.
children 4 - 12 years
It helps children to make choices and to see
that sometimes people have to wait to get what
they really want.
It can be a problem if there is not much money
to spare in the family, but even a small amount
can give a child the feeling of independence.
In some families children are just given
what they ask for and pocket money is not
Should pocket money be earned?
• Many parents believe that if they decide to give
pocket money, a certain basic amount should
be given to the child just because he is a
member of the family and not as payment
for jobs. At the same time some children are
expected to do some chores as part of their
contribution to the family. These two things
are both important but are separate parts of
belonging to the family.
• You may decide to give a certain basic
amount of pocket money and let your child
earn a little more for some special chores,
such as washing the car.
How much pocket money?
This will depend on a number of things:
• what you can afford
• what the pocket money is expected to cover
the ‘going rate’ among other families in similar
circumstances to yours.
If your child has a lot less than the going rate, she
may feel hard done by and lack confidence with