Money… of the pocket kind.
July 30th, 2009 | 
Author: When i was little i used to get 20p a week. All I could buy with it was a packet of polos and some penny sweets.
No where we go to regually sells anything at such small prices, and as we go out a lot. we have found ourselves spending quite a lot of money on Asha.. two ice creams a week = £3. a drink out of a drinks machine, £1.50 a toy from a shop – £3. I wont buy her normal gift items from these places cos she dosnt need pencils, paper etc.. were sinking under the stuff.
As such we have decided to give her £6 a week.. out of that she has to buy all her own ice creams, drinks, toys, etc. If we go out and i havent put a drink in for her then its different.. 
But for example this week – sunday – circus.. loads of stuff she wanted.. but was happy shareing a bag of candyfloss.. she wanted to go on bouncy castle.. but though about a first aid kit she had seen in post office.. So already its helping her make choices etc. She understands that she cant have everything, and has to save up.. We will see how it goes. She no longer spends the whole time were shopping saying.. can I have…
What are your thoughts?…. to comment, click on the post title..
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our kids get £1 a week, when we remember, which isn’t often. They’ve started getting money for birthdays, and Big has also tried making things to sell as she’d like to save up for a DS. Until they have more idea of what things cost and where money comes from they won’t get more than that.
But we don’t buy drinks, icecreams and so on every time we’re out either, guess I’m just a bit stingy!
Jess is 5 and gets £5 a week – it will go up to £6 when she’s 6. Out of this, half goes into her savings account, which she uses for things like buying birthday presents. The rest is for her to do what she wants with – at first she’d spend it on anything, just for the sake of it, but she’s wised up a lot now, and will save for things she really wants. We don’t buy stuff for her when we’re out – she has to use her own money for it, and we’ve found this works really well. She’s also decided that the local charity shop is one of her favourite places to spend her pocket money, as it goes a lot further there. We’ve found that since she’s had pocket money she’s developed a much better idea of how much things cost, and she can add up her money and work out how much change she’ll get as well. She also has to remember to take her purse with her when we go out, and if she loses her money, well, tough! It seems to be working really well though.