{"id":4266,"date":"2016-09-27T21:48:26","date_gmt":"2016-09-27T21:48:26","guid":{"rendered":"http:\/\/www.theparentsocial.com\/?p=4266"},"modified":"2022-04-03T14:18:25","modified_gmt":"2022-04-03T14:18:25","slug":"pocket-money","status":"publish","type":"post","link":"https:\/\/www.theparentsocial.com\/pocket-money\/","title":{"rendered":"How Much Pocket Money is the right amount?"},"content":{"rendered":"<p>Pocket money has been a hot topic in our house. Until last week, we were just doing sporadic money for jobs\/chores. However, the time is coming for a more formal arrangement. I was therefore interested when a friend on Facebook asked: <em>Does anyone else&#8217;s 8 year-old get pocket money, if so how much?<\/em><\/p>\n<h2>Pocket Money Habits<\/h2>\n<p>She was asking as they currently give \u00a31 a week but were informed by their daughter that ALL her friends got more.<\/p>\n<p>There were a variety of responses including:<\/p>\n<ul>\n<li>My two get \u00a32 per week which they can spend on anything they like. If they don&#8217;t do their jobs and keep their rooms tidy, it goes down&#8230;..<\/li>\n<\/ul>\n<ul>\n<li>Only in return for little jobs like clearing the dinner table, plumping the sofa cushions (!) and making sure he wipes away the toothpaste from the sink bowl.<\/li>\n<\/ul>\n<ul>\n<li>My daughter has \u00a33 a week (when we remember!). She has 3 money boxes, \u00a31 each: One for spending, one for sharing and one for saving. But if I&#8217;m buying a magazine or something for her brother and she wants one, I&#8217;ll substitute the spending \u00a31 for that. She saved \u00a342 of her spending one to buy a suitcase from Smiggle!<\/li>\n<\/ul>\n<ul>\n<li>Emily earns money for good behaviour; she normally gets between \u00a32-\u00a33 a week.<\/li>\n<\/ul>\n<ul>\n<li>They only get money if they do extra jobs ie hoover car\/stairs. Hence they don&#8217;t get money every week!<\/li>\n<\/ul>\n<h2>goHenry<\/h2>\n<p>Then someone mentioned <a href=\"https:\/\/www.gohenry.com\/uk\/\">goHenry<\/a> cards. They said they found them good as they give an idea of what the going rate is for certain age groups.<\/p>\n<p>I immediately looked into it.<\/p>\n<p>We&#8217;ve just received Sofia&#8217;s card and she could not be more excited. We haven&#8217;t learnt the full ins and outs yet, but it&#8217;s for children aged 6-18, and essentially you have parental control of a pre-paid card and app. I fund my own linked account and then can automatically transfer a set amount of weekly pocket money on the proviso that chores are done. I can also do one-off transfers and take money out of her account. Sofia can use the card at cashpoints to withdraw money and can use it as a debit card in shops. I can set a maximum spend per month and there are loads of features such as charting spending versus saving.<\/p>\n<p><!-- START ADVERTISER: Baker Ross from awin.com --><\/p>\n<p><a href=\"https:\/\/www.awin1.com\/cread.php?s=496657&amp;v=1902&amp;q=241177&amp;r=175921\" rel=\"sponsored\"><br \/>\n<img decoding=\"async\" src=\"https:\/\/www.awin1.com\/cshow.php?s=496657&amp;v=1902&amp;q=241177&amp;r=175921\" border=\"0\" \/><br \/>\n<\/a><\/p>\n<p><!-- END ADVERTISER: Baker Ross from awin.com --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pocket money has been a hot topic in our house. Until last week, we were just doing sporadic money for jobs\/chores. However, the time is coming for a more formal arrangement. I was therefore interested when a friend on Facebook asked: Does anyone else&#8217;s 8 year-old get pocket money, if so how much? Pocket Money<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.theparentsocial.com\/pocket-money\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":4277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[570,564],"tags":[723,722,721,661,724],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.theparentsocial.com\/wp-content\/uploads\/2016\/09\/IMG_2609-1.jpg?fit=1345%2C850&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3ej6a-16O","jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/posts\/4266"}],"collection":[{"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/comments?post=4266"}],"version-history":[{"count":18,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/posts\/4266\/revisions"}],"predecessor-version":[{"id":8614,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/posts\/4266\/revisions\/8614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/media\/4277"}],"wp:attachment":[{"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/media?parent=4266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/categories?post=4266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theparentsocial.com\/wp-json\/wp\/v2\/tags?post=4266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}