It depends on a LOT of things! The age, responsibility, grades, etc. of the child and your salary should be considered. First of all, the child must at LEAST be ten otherwise he/she can't use the money well, the'll lose it or use it before the end of the month.
For a responsible, straight-A kid between the age of 10-13, you should give $6-10 depending on how much you can afford to give.
For an irresponsible child of this age with bad grades, start with $3-5 and tell him/her to buck up and do better before you think of raising the money a LITTLE like a dollar or two but not more for such a kid until he/she is over-all a GOOD kid!
For a 14-15 year old who is a good kid and student, he/she should get $10-13 but not more, or a good kid'll go rotten!
One of the same age, but not good should get $6-10. He/she may not even deserve that much but as you grow older, your needs grow!
Kids older should work for their money. Give them chores around the house and pay them $1-3 for every small job, like taking out the trash, or start them as a waiter or cashier at McDonald's and so on and so forth!
Hope this helped! Please say so if it did!
Depends how much the snacks at school cost. And anything else he/she would buy. You could ask them.
pocket money
NONE There are millions of kids starving all over the world, do you hear them complaing about pocket money? NO. Be glad you are being fed and housed, go down on your chubby American knees and thank Ronald McDonald that you werent born in Africa
the average 13 year old should get £13 per week the average 12 year old £12 the average 11 year old £11 ect
well me i get 2.50 at the monmment i have 14 pounds.witch is quite good but im getting something to keep my money safe.
$50 000 a day
i think $50/week is appropriate
The most important thisng is to judge How much money you have in your pocket?
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
I give my daughter who is 8, 1 pound a week, if she is good.
Pocket money is called pocket money because money was put into the pockets.If money was in the pocket, the person could spend it
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
yes they sound
Depends how much the snacks at school cost. And anything else he/she would buy. You could ask them.
If jobs are done first then yes it should be compulsory.
pocket money
The major advantage is the increased amount of money stashed away for an emergency, major purchase, retirement or simply peace of mind. Also, saving pocket money is easy - you empty the money from your pocket at the end of the day and whatever is there goes into savings. This then builds and reinforces a habit of being frugal and saving money, which can help a person build other good financial habits.