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Pocket Money

Pocket Money           reply
19/01/2018 13:27 - Teenage Issues
Just wondering what ppl consider an appropriate amount of pocket money for an 5th yr teenager ( boy in this case) ? I pay for a Leapcard, phone top ups, clothes, toiletries, uniforms, books ...ect.. so its really only for entertainment & socialising.

I´ve been paying out on an "needs basis" but its not really ideal and teaches nothing about management!

re : Pocket Money           reply
20/01/2018 13:04 - Teenage Issues
We give our 17 year old in 5th year €50 a month and also pay for his phone and leapcard. Works ok most of the time although needed a little extra over the xmas. Suggesting he try and get a p/t job this summer to try and build up a little extra as his social life gets busier and we won´t be increasing the pocket money in sixth year!

re : Pocket Money           reply
17/12/2020 10:58 - Teenage Issues
My oldest son is 12, and he tries to earn his own pocket money; the money I give him, he saves for shopping. I think it´s okay to give your child money, but don´t forget to teach him to be independent.

re : Pocket Money           reply
23/12/2020 12:04 - Teenage Issues
It depends on his lifestyle. If he is an athlete, you should definitely add a couple of bucks enough for him to buy additional drinks and snacks. But if he has no extracurricular activities, it is better to give the minimum amount of pocket money. This is for him to learn how to budget and identify his need from wants.

re : Pocket Money           reply
23/12/2020 12:07 - Teenage Issues
There is nothing wrong with providing him extra pocket money just make it clear to him that he needs to keep it until the next month or week. Let him learn how to budget on his own. See to it that you won´t give extra bucks if he finishes his allowance earlier than the expected date. This will make him conscious about the his spending.

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