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Pocket Money for 11 Year Olds
Complete UK guide for age 11
Recommended Amount
Weekly Average
£7.00
Monthly
£30.31
Yearly Total
£364.00
Typical Range: £5 - £12 per week
Based on UK averages (London area may be ~20% higher)
🎯Financial Skills to Develop at Age 11
What your 11-year-old should be learning about money:
- 1Monthly budget management
- 2Understanding subscriptions vs. one-off costs
- 3Comparing deals and offers
- 4Concept of paying for convenience
🛍️What 11-Year-Olds Typically Spend On
Common purchases and interests at this age:
•Phone credit and data
•Fashion and personal style
•Entertainment and streaming
•Gifts for friends and family
✅Chores & Pocket Money
Regular household responsibilities with clear pocket money structure
💡Tips for Age 11
Open a bank account: This is a good age to introduce real banking, checking balances, and understanding interest.
Discuss wants vs needs: Help them make conscious spending decisions by talking through purchases.