Mine are 14 and 15 and from starting secondary school they have both got £15 a week.......
Ok you can get your jaws off the floor now
out of that they have to buy all their school dinners, magazines and save for birthdays and xmas pressies for close family members and they work for it with jobs around the house
What has it taught them?? To budget their money and watch what they spend on lunches and to save!
From next month it all changes, I have sat down with them and discussed changing how it works.
From beginning of November they will both get £100 a month. But from then on all I will pay for are shoes and school uniform... oh yeah and I suppose I will feed them at home
There will be a running tally of any jobs they miss and for any behaviour issues where money will be deducted from the next months money..
so do you reckon it's a good idea or a bad one??