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Pocket Money for 10 Year Olds
Complete UK guide for age 10
Recommended Amount
Weekly Average
£6.00
Monthly
£25.98
Yearly Total
£312.00
Typical Range: £4 - £10 per week
Based on UK averages (London area may be ~20% higher)
🎯Financial Skills to Develop at Age 10
What your 10-year-old should be learning about money:
- 1Long-term savings goals
- 2Introduction to bank accounts
- 3Understanding interest (basic)
- 4Tracking spending habits
🛍️What 10-Year-Olds Typically Spend On
Common purchases and interests at this age:
•Technology and gaming
•Clothes and accessories
•Social activities
•Saving for expensive items (£50-100)
✅Chores & Pocket Money
Mix of expected chores (unpaid family contribution) and paid tasks
💡Tips for Age 10
Introduce the 3-jar method: Save, Spend, Give. Help them allocate pocket money across these categories.
Set savings goals: Picking a specific item to save for (£20-50) teaches delayed gratification and planning.