Every so often on Roosterbank we run a report to see how much pocket money parents are giving their children. This is a good chance for parents considering how much pocket money to give their children to see what other mums and dads are doing. It’s also a good way for parents to see what sort of jobs kids are doing to earn their pennies and pounds.
How much pocket money should I give my children?
We can’t answer that for you. How much you give depends on what your current financial situation is, what you anticipate your kids spending their pocket money on and whether it is going to be conditional or not. By conditional we mean whether you expect your kids to ‘earn’ their pocket money or whether it is an allowance they get without conditions every week.
Our Pocket Money Index is therefore here to be a guide only. Parents on Roosterbank give pocket money in different ways, whether thats for odd jobs around the house, only as special rewards or as a set allowance, where their kids are expected to cover a range of things, whether that’s a trip to the cinema or their new Arsenal kit (we won’t judge to heavily on the football team).
View the 2014 Pocket Money Index for more details.
Average Pocket Money