Posted on 8 Comments

The Pocket Money Dilemma

How do you roll in regards to pocket money for your kids? I’ve heard many different arguments about the concept and I’d love to hear your thoughts as well.

I’ve heard many differing opinions; there’s the ‘children should be doing chores to learn responsibility without being bribed’ opinion, the ‘children should learn that money only comes from hard work and responsibility’ line, and my least favourite only comes from crazy people – give kids money just for being kids. I find the last opinion fundamentally flawed, if getting money came from just being cute and doing jackpoo I’d be a freaking non-working gazillionaire.

I’m not a tight arse, but honestly I’ve only tried combining the first two. Our kids have their regular chores I expect them to do simply because they should and if they want something extra they have to earn it. I’ve noticed the commitment level of earning pocket money is directly related to what they’re saving for – if it’s for something they’re desperate to buy, the manic fervour to ‘get it done’ is amazing to witness.

My sports mad 8 year old has been saving money for an AFL sports game. This app is $9.99 so I told him that it’s worth two weeks of extra chores @ $5 per week. I might sound like the proverbial fish’s bum, but I still believe kids should understand the concept of savings… and I also thought it would be fun to have a slave for a fortnight.

Every morning at 6:30am I’ve woken to the dulcet tones of clanging glasses from said slave unpacking the dishwasher. Then the list of chores starts:

“Mac, can you listen while your sister reads to you?
Mac, be a doll and help your sister find her shoes would you?
Can you please take your sisters down to brush their teeth?
Do this, do that blah blah blah… ”

Any resistance is met with a

“Hey buddy, did you want me to download that game on Friday afternoon or Saturday morning?”

Resistance = goneski.

You may judge me for this, but today was my last day of taking advantage of my eldest. He came in at 6:25 to ask whether I wanted to keep the smiling face sticker on the spoon (questions like this are normal) or should he take it off? To be honest, he really didn’t care about the sticker, he only showed me in case I forgot that he was a hard worker and today was in fact payday. Mac also wanted to remind me that the girls hadn’t done anything extra so they shouldn’t get pocket money. After witnessing lazy SOB’s in my old workplace get paid for doing sweet FA, I completely agree with him.

So there you have it. I’ll be downloading a hard earned game this afternoon for my son, and the girls will be out of their mind with jealousy. Hopefully they’ll understand the lesson here and appreciate that all things come to those who get off their bums and earn it.

Do you have a pocket money policy in your house?

8 thoughts on “The Pocket Money Dilemma

  1. I dont give pocket money at all lol not yet anyways! My kids have to do their little jobs simply because its a part of life lol!
    Tidy toys, rooms and make (pull covers) on beds etc and help out wherever else needed

  2. Love it babe! Mine have a savings account that I transfer $5 a week in, they don’t know I do this plus they do chores so win win I guess! I will phone you back lol xxx

  3. Ditto in that they had to earn what they got, but we also expected them just to do stufvf as being a member of the family. No one person makes a family….we’re all part of the unit. When the kids stopped packing and unpacking the dishwasher, we stopped using it. They hate washing and wiping up, but I refuse to go back. They were warned often enough! Cause and effect is a great teacher.
    Go Mac! What else is on your list? Just look out when he learns negotiation…’ll really need to be on your game then. And once the girls know the game, make sure they only ask one of you. In our house going to the other parent once they’d had an answer from the other was instant trouble! Kids! Slippery gorgeous little buggers.

  4. I do something similar – there are jobs that the kids just have to do without payment or reward. These are everyday jobs that help make the family run smoothly. They’re based on personal responsibility and respect for others. And I also make it clear that those jobs – and the jobs mum & dad do around the house – are for the benefit of the family, part of the privilege of being part of a loving household.
    Then there are extra jobs they can do to be paid pocket money. I’m a bit inconsistent with remembering to pay them every week etc, and I’m also inconsistent with asking them to do these said jobs, but they now know that if they want to save up for something, that there is a way for them to get the money – ask for jobs!

  5. I think its a combination of the first two .. Basic chores like keeping room clean should be just be done and then other chores for $$ but we also expect random things done occassionally with minimal attitude /eye rolling / draw slamming just because i asked you too , otherwise when you want something you may be waiting a while 😊

  6. best fi !!!!!!!!! agree 💯💯

  7. Hey Fi thanks for the heads up on your posts, love the name RSMDC! Pocket money is handed out at our place on Sunday night at family dinner where we discuss the week that was, week to come & talk about any issues bothering any of us (usually dinner is low key pancakes after a crazy day of beach fun) you have to be at the dinner table to receive the pocket money $, you are given $ based on age appropriate chores & the extra gone out of your way to help with or without being asked. All of this is noted throughout the week, $$ are based on age & start at $7 CJ, $3 Millys, Mati $1, pending weekly behavior, tantrums, chores & overall conduct $$ are taken away for not toeing the line! In a ideal world CJ is aiming for $7 (which he is yet to achieve) from this they are all given 2 Jars one with the letter S (spend) & one B (bank), it is then up to CJ to decide what goes where usually he goes half half (we help the others, still very young) If he wants gum, Lollies, ice cream at the shop it’s his choice to spend his Spend $, the same as saving Spend $ for 2-3weeks for an app, the B, bank $ is put in their accounts & shows them saving for big ticket items (self designed nipper board when he is 11), I show him account statements to show deposits, interest & total amount! All for providing the lifestyle of reduce, reuse, recycle & teach the lesson that money doesn’t grow on trees & that they can’t have everything they want every time they want it! Our belief is if our eldest leaves home at 18 (as we did) to follow his dream, we have 11 years left to instill our important family values. Saving $$ is a valuable tool to have & early learning can create a good platform for the future, I bet you as the years go by they won’t miss Sunday dinner💰🍾

  8. Carly Burns, Megan Hodges, Michelle Walsh Thomas, Tammy Macdonald, Tamara Toon, Becky Brown, Louise Fuchsbichler

Leave a Reply

Your email address will not be published.