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Pocket Money for 14 Year Olds
Complete UK guide for age 14
Recommended Amount
Weekly Average
£12.00
Monthly
£51.96
Yearly Total
£624.00
Typical Range: £8 - £20 per week
Based on UK averages (London area may be ~20% higher)
🎯Financial Skills to Develop at Age 14
What your 14-year-old should be learning about money:
- 1Balancing pocket money with part-time work
- 2Understanding payslips and deductions
- 3Saving for significant goals (£200+)
- 4Budgeting social expenses
🛍️What 14-Year-Olds Typically Spend On
Common purchases and interests at this age:
•Going out with friends
•Personal electronics
•Clothing purchases
•Hobbies and interests
✅Chores & Pocket Money
Transition to more independence - less about chores, more about life skills
💡Tips for Age 14
Encourage earning: This is prime age for paper rounds, babysitting, or Saturday jobs. Pocket money can complement earnings.
Teach budgeting: If they're covering their own phone credit, transport, etc., help them create a monthly budget.