DS1 will be four in March and I want to start introducing pocket money.
It's important to DH and I that he learns good habits with money from the beginning so when we start the pocket money we're also giving him one of those money boxes that are divided into sections. The one I have in mind has sections for Living, Giving, Saving and Wealthing (living being for day to day, giving being for a charity, saving being for things they want to save for, wealthing being for their future).
I was thinking of giving the pocket money in dollar coins to help him divide it, and suggest a dollar a week goes into giving, another into saving and another into wealthing. So whatever remains is what he'd be left with for day to day spending.
What do you think is a fair amount? I was thinking maybe $6. DH thinks more, my mother thinks less.