Do you give your kids an allowance?

My daughter is only two so havent started giving out pocket money yet though already I have started saying to her if she helps mummy tidy her toys she can have a few penny's which she loves putting them in her money box and then at the end of the week if shes been a good girl we go and buy a magazine. As she is only two I obviously put most the money to buying the magazine though it is teaching her that to get things she wants she has to be good and help out. This is the way I think Ill do it when she is older. I wont just dish out pocket money for nothing otherwise where is the learning in that? Im not sure as to how much I will give each week though I am astounded as to how much some parents give their children. One child of 12 years old I know gets £10 from her mum a week, another £10 from her dad and £20 from her grandparents. That is £40 per week! What does a 12 year old need that amount for!?!

My oldest is seven years old and my youngest is three years old. I don't give them an allowance per say. What I am starting to do with them is to place a small monetary value on the things that they do around the house and that way they have some sort of control over how much money they are making. The reason that I decided to go about it this way is because I figured if we did things this way then they are apt to do more than they would do if they were taking for granted the fact that they were getting a set allowance every week.

Our kids are mostly grown for now but when they were younger (under 16) we had a chart with their individual chores, with these chores they would initial that they had done them and I would check, if they had, and most of the time they had, but sometimes it wouldn't be done correctly I too would initial (or my husband) at the end of the week they got their allowance according to the chores they had completed. My second oldest son opened a savings account when he was 6, and always put half of his allowance in his savings account. When he was 16 he used that for a down payment on a car. I have never been so proud in all my life!

My son is 9, and generally he has to earn money... other than that he does not really ask for money, unless there is a new video game out that he really wants then he has to earn some. Last week for example, I gave him some money because he cleaned my car out, he was happy, and so was a I hehe But I am very lucky with him, because he is very responsible for his money, and actually he hates spending his own money. He likes to save money up, just to see how much he can get to. I do put money into a bank account for him as well, so he has some money when he reaches 18, and I also do this for my youngest son.

My son is 14, he gets £10 a week but he pays £2.50 of that to have Sky TV on his X box and he saves the rest to buy his football season ticket, X Box games, clothes etc He is actually very sensible with it and manages it well.

hi... Yeah, I do agree with you. Sure this will be help instill in them the good habit of savings.

My son is 8 yrs old and he is now in grade 3 for his elementary education. Sometimes I am giving him foods for his snacks like pancake, biscuits or cookies. Some pasta and other juice. Sometimes he would ask for money because he is going to buy something. Inside their school campus their canteen is not selling junk foods so I am confident to give him money. My son is not also allowed to go out the school without me. My son asked a lot of things and he still not proving anything. We have an agreement that once he will do good in his school I will buy things he like. So until now I am still holding on it.

I think for me its important for my girls to learn that there are some things they/we all have to do around the place, that doesnt attract payment - we all keep the shared space clean and our own rooms etc, doing homework is an expectation, and so on. Same as I dont get special rewards for feeding and clothing them! It's part of what we do to function as a household/family. However I also believe kids need to learn to have and spend or save their own money, learn to budget, to delay gratification and save up etc. So I prefer the idea of a fixed allowance, to cash rewards for specific behaviour. Something like an outstanding school report or personal sacrafice, I'd rather reward with a gift or treat.