📚

Pocket Money by Age

Complete guide for ages 5-16 with developmental focus and spending patterns

Quick Overview

Ages 5-7
£2-3
per week
Ages 8-10
£4-6
per week
Ages 11-13
£7-10
per week
Ages 14-16
£12-18
per week

Select Your Child's Age

Age 5
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→
UK Average
£2.00/week
£1 - £3 typical range
Focus: Recognizing coins and notes...
Age 6
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→
UK Average
£2.50/week
£1.5 - £4 typical range
Focus: Basic addition and subtraction with money...
Age 7
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→
UK Average
£3.00/week
£2 - £5 typical range
Focus: Understanding weekly vs. one-off money...
Age 8
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→
UK Average
£4.00/week
£2.5 - £6 typical range
Focus: Percentage of money to save vs. spend...
Age 9
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→
UK Average
£5.00/week
£3 - £7 typical range
Focus: Monthly budgeting concepts...
Age 10
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→
UK Average
£6.00/week
£4 - £10 typical range
Focus: Long-term savings goals...
Age 11
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→
UK Average
£7.00/week
£5 - £12 typical range
Focus: Monthly budget management...
Age 12
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→
UK Average
£8.00/week
£6 - £15 typical range
Focus: Budgeting for recurring expenses...
Age 13
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→
UK Average
£10.00/week
£7 - £18 typical range
Focus: Managing monthly mobile/subscription costs...
Age 14
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→
UK Average
£12.00/week
£8 - £20 typical range
Focus: Balancing pocket money with part-time work...
Age 15
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→
UK Average
£15.00/week
£10 - £25 typical range
Focus: Full budget management...
Age 16
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→
UK Average
£18.00/week
£12 - £30 typical range
Focus: Part-time work as primary income...

General Tips for All Ages

💡Do's

  • ✓Be consistent with payment day and amount
  • ✓Increase amount gradually as they get older
  • ✓Let them make mistakes and learn from consequences
  • ✓Encourage saving for goals
  • ✓Discuss wants vs needs

⚠️Don'ts

  • ✗Don't bail them out if they overspend
  • ✗Don't use pocket money as punishment for behavior
  • ✗Don't compare to what their friends get
  • ✗Don't change the rules without discussion
  • ✗Don't make everything about money