pocket money

[mummyxoxo]

Per day? I think it is more than enough. I gave my dd $10 per day (also settling all her three meals outside + transport fare)

[ngl2010]

Girls and boys eat different amount. During growth spurt boys eat a lot. You may need to adjust accordingly.

[redpeasant]

I think you can check the food prices of the coffeeshops or malls nearby for a rough gauge then mark up a 15% to teach him to save money?

[sharonkhoo]

Get his to prepare a budget with estimated amounts based on the prices in the school canteen and wherever he intends to eat. You can round up a bit to allow for saving and discretionary expenditure, if you want.

[Ginger breadman]

I am teaching my son budgeting this year.


I gave my son $400/ month (Sec 1).
Told him to keep 10% as savings first before spending the rest. ($360)
So he will have about $10/day for food and others , plus the rest on his transport.

Books and other necessity is of course paid by either my wife or me.

[KidCat]

I give my son $80 weekly and it is more than adequate to meet his daily expenses in school and for his weekend outings.


Now I am thinking of giving him a monthly allowance to teach him about budgeting. However, boys being boys, I worry that they might be careless and lose the whole month’s allowance if not careful enough.

So, may I ask the parents here who practises mthly allowances, does your child carry the full amount to school or just bring sufficient to cover for the day?

[ilovelaksa]

Hi,

My kids get:
P1-P2 $1
P3-P4 $1.50
P5-P6 $2
S1-S2 $5 ($25 wkly)
S3-S4 $7 ($35 wkly)
J1-J2 $8 ($40 wkly)
This is for lunch. It includes dinner at school if they need.
I think it’s ok cuz all of them are able to save for their personal things
My nb ds gets $5 a day in JC.

[sleepy]

As a general guideline to my kids, $10 per day for Secondary school, $5 per day for primary school. If weekends then $20 because food is more expensive than school canteen. They won’t spend the entire amount. Just whatever they need for recess and lunch won’t buy nonsense from bookshop.


I prefer them to bring more money than less. Whatever balance just roll over to next day. Reset to $10 and $5 again. So far this arrangement worked well. I don’t want my kids to be too mindful of cost and tried to save up their pocket money, especially dd2 she would eat less if she gets to keep the balance.

[zulu]

DD is 15 this year. She gets $50 ($45 after tithing) per week for her breakfast and the occasional lunches in school. Everything else taken care of. I believe she has more savings in her bank account than I do!