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.
+ Reply to Thread
Results 1 to 10 of 15
06-01-2012 21:29 #1
How much pocket money for a four year old?
06-01-2012 21:35 #2
I was going to say $5 so $6 is a fair amount.
06-01-2012 21:36 #3
I work out chores and put a value per chore. No chores completed, no money given. Personal things like making bed, puttin away own toys, plate, etc don't count as chores. Wiping down benches, table, etc does, doing dishes does.
06-01-2012 21:37 #4Senior Member
- Join Date
- Jul 2009
I'd give a dollar for each of the sections.
Sent from my T3020 using BubHub
06-01-2012 21:37 #5
I used to get a dollar for my age so 4 Years old=$4, 10 Years old=$10 etc
06-01-2012 21:38 #6
5yo DD gets $2.50 a week in her hand and $2.50 in a savings account, so $5 total
06-01-2012 21:38 #7
im going to start giving my 3 & 5 year olds $5 a week pocket money in the next few weeks
06-01-2012 21:47 #8
I think $5. Maybe let him choose how to divide the money up.
06-01-2012 22:04 #9
The Following User Says Thank You to share a book For This Useful Post:
06-01-2012 22:11 #10
By Jarylee in forum General ChatReplies: 2Last Post: 21-04-2012, 16:43
By LivinOnAPrayer in forum General Parenting Tips, Advice & ChatReplies: 21Last Post: 10-04-2012, 17:08
By Jarylee in forum General ChatReplies: 16Last Post: 12-01-2012, 22:38
Baby U & The Wiggles - Toilet Training ProductsToilet training can be a testing time but Baby U is there to assist you and your toddler with the daunting task of ...
FORUMS - chatting now ...
what method do you use to track your financesFamily Finances
IVF Babies due August/Sept/Oct' 16 #4pregnancy and babies through IVF
I am... #20General Chat
April/May TTC group chatConception & Fertility General Chat
High Natural Killer Cells #9Reproductive Immunology
Homework - is it necessary?General Parenting Tips, Advice & Chat
IVF babies due March/April/May 2017#2pregnancy and babies through IVF