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Pocket Money for 12 Year Olds
Complete UK guide for age 12
Recommended Amount
Weekly Average
£8.00
Monthly
£34.64
Yearly Total
£416.00
Typical Range: £6 - £15 per week
Based on UK averages (London area may be ~20% higher)
🎯Financial Skills to Develop at Age 12
What your 12-year-old should be learning about money:
- 1Budgeting for recurring expenses
- 2Understanding earning potential beyond pocket money
- 3Saving for larger purchases (£100+)
- 4Distinguishing wants vs. needs
🛍️What 12-Year-Olds Typically Spend On
Common purchases and interests at this age:
•Technology and accessories
•Personal care products
•Social outings and food
•Hobbies and interests
✅Chores & Pocket Money
Expected contribution to household - consider additional earnings for extra tasks
💡Tips for Age 12
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.