pocket money back to levels seen before the financial crisis, in Halifax, said this week. So how much should you spend on your children? Donna Ferguson interviewed five very different families
Sarah, 42, and her husband, 47, work in the public sector and have a household income of ? 75,000. They have a nine year old girl
We started giving our daughter 50 pence a week pocket money two years ago, when she was seven years old, because we realized all her classmates received a grant. However, for those who have set the table, clear the dishes and making the bed. We agreed to raise ? 1 recently when I began to feed your hamster every day, but he got what he did not.
It can not, however, earn extra money for some tasks:. 5p to match a pair of socks in the laundry, 50p for watering the garden front and rear, two books to help clean the car
When we discovered some of his friends receive 10 pounds a week without doing anything else that we feel that we call the parents. But we're both working class origins and at an early age, we are taught that money should be earned, so it was important for us that he learned that money does not grow on trees - and "I want" doesn 't get. We want to make him realize that sometimes you have to make sacrifices and be attentive to the sacrifices of the people too.
We saved ? 100 a month into a savings account for the child when she turns 18. And we do not say "no" to it. We pay for clothes, books, trips outside, piano lessons, private lessons and birthday gifts for your friends. We recently received her do well in school with a theme park annual subscription for the whole family, which costs ? 100 per person.
However, it must save other things you want. Once saved more than a year, with the money they gave him for his birthday and Christmas, and I bought a trampoline 300 pounds. She uses it a lot, more than a year later, and I think it is because she keeps to herself.
She is a very generous person and an informed consumer - she loves to shop around for a good deal. When you are tempted to make an impulse buy with their pocket money if you really think you need it now or can get it cheaper later. Sometimes, I said, "Mom, put the money in my savings account that will not go again.".
Henriette, 48, won ? 7,000 a year as part-time administrator. Her husband, 49, earns ? 40,000 working for the NHS. They have a son, 15, and a daughter, 18
give our son an allowance of ? 8 per week and our daughter ? 50 per month - but they must keep their own room, put clothes away and take turns loading and unloading the dishwasher in order to get it. I have rarely harassed because they know that if they do everything, they have nothing.
two of our wages go into a joint account, used to pay half of their gym memberships and basic clothing such as shoes, a coat and underwear.
They buy the rest of your clothes. We also pay for their phones, but they are the cheapest deals possible.
feel we need to teach our children the value of money and that everything must be earned. Do not get something for nothing
think less materialistic when they have to pay for something themselves. They realize they have to make some sort of sacrifice to buy it, and may be you want to buy less important to them. Both can record properly - my son was able to save more than ? 1,000. He has more money than us in the bank!
Sometimes I feel under pressure to give them more money, as some of his friends who come from rich families and have more money than them. Sometimes I feel guilty because I want to give them more and I am not able. I never give up though - you can not afford and I do not want to borrow
When my daughter goes to college that held the maximum loan amount and we will give you about ? 50 per week on top, but if you need more, you will get a part time job. And learn how to cook.
Ewan, 44, earns ? 100,000 as a medical researcher, and his wife, aged 44, earns ? 49,000 as a doctor four days a week. They have twin 21-month
More than 60% of the salary of my wife goes to day care for the twins, which costs ? 2.600 per month. It's crazy, the equivalent of putting your child through Eton. They are private nursery four mornings a week due to the local nursery of the State were not enough seats, and the rest of the time, my wife is at work, we need two nannies. With two small children who need a second pair of hands or it is complete chaos.
We plan to have two year-end holidays:. A Center Parcs and one in Spain, but because we were a family, not only for children at a cost of 80 on flights trips are also held once a month, spending ? 30 - ? 40 each time, and up to $ 50 per month in toys and occasional treats. In addition, usually spend about ? 50 per week per child, which covers its activities, clothing, food and a weekly that we go to the daycare center.
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