Spotlight Magazines Spotlight on Mansfield North, Nottingham July 2015 | Page 6

Spotlight Magazine

Pocket Money

The Annual 2014 Pocket Money Survey by
the Halifax revealed that 8 to 15 year olds
received an average amount of £6.35 per
week. Whilst parents or guardians were the
main givers, a third of those surveyed also
received pocket money from grandparents.

amounts if children do additional chores or
achieve something significant .Of course
you will need to make the possibilities
appropriate to their age, and different
chores can attract different bonuses
depending on the time and effort required.

Thirteen year olds were the most likely age
group to receive weekly amounts and boys
received more on average than girls. Only
a third of children said they would save up
for something expensive, most preferring to
ask for it as a present. Other surveys such
as those by Roosterbank suggest children
as young as 3 are getting pocket money.

Many parents find that the use of a reward
chart is helpful, particularly for younger
children as it shows clearly the financial
benefits of completing extra tasks.

Whatever the am