spending money

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Struzzo39

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Post by Struzzo39 » Tue Jan 31, 2012 12:24 pm
Hi was just looking for abit of advice if any of you give your children spending money and how much? My niece and most of her friends gets £15 per week which i thought was excessive and we defo couldnt afford. But our 11 year has started to want to do more activities with his friends and we are struggling to manage them and we thought if he had spending money it would help himt to learn to budget too
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plasticdaft

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Post by plasticdaft » Tue Jan 31, 2012 12:45 pm
Our 14 year old gets half his child benefit money paid into his bank account,so about a tenner a week,plus birthday and xmas money goes in there.

He knows if he wants to buy clothes we will boost what he has saved and if he is going to the cinema etc,then its his money he uses.

Hopefully we are teaching him in a way we were never taught!!

Paul
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Continuing to rebuild our credit worthiness.
 
 

Shining

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Post by Shining » Tue Jan 31, 2012 6:07 pm
My daughter is 18 and still in education (6th form) she has a Saturday job and a cleaning job and I'm allowed a little allowance for her school as she's at a Grammar school and I'm convinced they assume everyone is minted! She does fund a lot herself and I do help out where necessary, I'm lucky she's not bothered about going out but I know from FB a lot of her friends are often drunk most of the time at weekends!
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Foggy

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Post by Foggy » Tue Jan 31, 2012 6:12 pm
Dear me ... I got half a crown (5 bob if dad had had a drink). Ours is only 5, but we put £20 per month, plus birthday and christmas money into his building society account, to build up a sum for the inevitable school trips. I don't see hgim getting much more than that when he is 11 !
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kallis3

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Post by kallis3 » Tue Jan 31, 2012 6:27 pm
My daughter never had a lot in the way of pocket money, even when we had money. She did have money for school trips though and if she wanted anything else we'd buy it for her (she didn't always get everything she wanted though!)

She had a paper round and that money was hers to do with as she wished and then at 16 she got a part time job and that was her money as well.
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footiemad

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Post by footiemad » Tue Jan 31, 2012 7:01 pm
I don't give mine pocket money as such but of course do pay for the school trips and money for their birthdays/christmas if thats what they want. Fortunately they have lots of aunties who also give them money. My middle child is off on a school skiing trip in 2 weeks (£850) and he has saved his pressie money for the last 2 years for this. For christmas we wrapped some euros for him so that he at least had enough spending money x
 
 

kallis3

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Post by kallis3 » Tue Jan 31, 2012 7:12 pm
We were lucky in that our daughter only ever had two school trips - one to an outdoor centre and a week in France. Thankfully we could afford to pay for them at the time.

That was nice to give him some euros.
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plasticdaft

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Post by plasticdaft » Wed Feb 01, 2012 7:22 pm
Son is off to Amsterdam on a football academy trip at easter,the hat has been passed around the family and he has birthday and xmas money saved up.

Dont want him missing out but he will enjoy it more knowing that he has helped pay towards it.

Paul
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kallis3

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Post by kallis3 » Wed Feb 01, 2012 7:42 pm
Hope he enjoys it and I do agree that if we can manage to send kids away for school trips then we should do so.
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Shining

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Post by Shining » Wed Feb 01, 2012 7:42 pm
I allowed my daughter to go on all trips she wanted and we funded them somehow....this year she's holidaying with friends so it's up to her to fund it all. It is very difficult within an IVA with children I am the first to recognise that x
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Struzzo39

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Post by Struzzo39 » Wed Feb 01, 2012 9:01 pm
I suppose theres no sort of allowances for this ??
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kallis3

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Post by kallis3 » Wed Feb 01, 2012 9:29 pm
I think you can have an allowance for pocket money for kids but not for schoold trips.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Struzzo39

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Post by Struzzo39 » Thu Feb 02, 2012 7:43 am
wow!! I was only joking too, but will have to look into it.
Steven & Debbie
 
 

Struzzo39

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Post by Struzzo39 » Thu Feb 02, 2012 7:46 am
I have to say though the £5 a week looks rubbish in comparision to what others are getting, but I suppose its a start and better than nothing :)
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luluj

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Post by luluj » Thu Feb 02, 2012 7:23 pm
I give the hubby £10 a week pocket money ! Give myself £20 - only fair surely !!!!

I cannot believe the cost of school trips - £850 for one trip - do they really expect families to be able to afford that in the current climate - ridiculous !
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