What Is Average Pocket Money?

Is pocket money a good idea?

For: Yes, it is a good thing, because…

most children earn pocket money when they do jobs around the house; chores etc.

or when they do good in school; getting awards, being praised by teacher or headteacher etc.

and this encourages them to do more of these things.

When they do chores, it helps them in later life..

How much pocket money should I give my 11 year old?

There’s a big jump in income depending on age. Five to 10 year-olds are given an average of £7.30, while 11 to 16 year-olds pocket £22.90 – though that’s boosted by the 15% of 13 to 16 year-olds who work part-time.

How much pocket money should a 12 year old get UK?

Pocket money by ageAgeAverage pocket money12 years old£6.60 per week13 years old£6.68 per week14 years old£7.61 per week15 years old£8.38 per week5 more rows•Aug 17, 2011

At what age should you give pocket money?

What age should I start giving pocket money? When you start giving your child pocket money is a personal choice. Many parents start giving their children a small allowance at around four or five years of age. Others wait until the child is nine or 10.

How much money should a 11 year old have?

A widely accepted rule of thumb is to offer kids $1 to $2 per week, based on their age. So if you have a 9-year-old and an 11-year-old, you could pay them $9 and $11 respectively. But, age alone isn’t necessarily a way to justify paying once a child a higher allowance.

What is the average UK pocket money?

The average amount of pocket money paid by parents and grandparents in the UK is almost £13 per week, with the most amount of people paying between £5 and £9.99. Meaning that on average, UK children are earning just over £50 in pocket money each month.