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Pocket Money for 16 Year Olds
Complete UK guide for age 16
Recommended Amount
Weekly Average
£18.00
Monthly
£77.94
Yearly Total
£936.00
Typical Range: £12 - £30 per week
Based on UK averages (London area may be ~20% higher)
🎯Financial Skills to Develop at Age 16
What your 16-year-old should be learning about money:
- 1Part-time work as primary income
- 2Understanding employment rights
- 3Long-term financial planning
- 4Managing multiple income streams
🛍️What 16-Year-Olds Typically Spend On
Common purchases and interests at this age:
•Transport (bus, car savings)
•Social life and dating
•Driving lessons
•College/sixth form costs
✅Chores & Pocket Money
Adult household member - pocket money may transition to rent/board concept
💡Tips for Age 16
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.