Welcome to MyEggNest.com
  Click here to go to the Home Page Click here to Compare Click here to go to the Forum Click here to go to the Shop Click here to read More About Us Click here to read our FAQs Click here to view our Contact Details
 
Child Trust Funds
Children's Saving Products
Spending Wisely
Making Education more Affordable
Teaching your Child the Value of Money
Children and Taxation
Ask the Experts

Compare Child Trust Fund (CTF)
Compare Child Trust Fund (CTF)
Compare Child Trust Fund (CTF)

Child Trust Fund (CTF) 
1. Savings Accounts
2. ISA
3. Bank Accounts
4. Loans
5. Credit Cards
6. Mortgages
7. Insurance
8. Property
9. Lump Sum Investments

Compare Child Trust Fund (CTF)
 Compare Child Trust Fund (CTF)

"Save 30% on your online shopping - knowing your way around the internet and then using a cashback card can give you big savings" - Sunday Times

Cashback shopping can be another useful tool to save for your children’s future.  Simply shop online and at selected high street shops and top up your Child Trust Fund and children's saving accounts. Click here here and see how much you can save.


Make your shopping count


Child Trust Fund (CTF) Comparison Table - Compare the Top Ten Best Performing Child Trust Funds.  We're the UK's Top Child Trust Funds Reviews Site

Compare the Best Performing Child Trust Fund.


Compare Child Trust Fund (CTF)

Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive £250 added to their Children Savings Account.


Compare Child Trust Fund (CTF)

"MyEggNest's Teaching children about Money... I really like this section. its very informative & good useful ideas! thanks!" Yen

"Great practical ideas as to how parents can teach their children about the value and proper use of money" Julie

"I've found the amount of information available on CTF overwhelming and confusing and was so pleased when I came upon your website and the very easy to understand table" Jackie

About Us



Child Trust Fund (CTF)
Read the latest child trust fund and savings articles from leading financial writers at Moneywise Magazine

Child Trust Fund (CTF)

Order your Free Child Trust Funds PDF brochures. Read online or simply download them onto your ipod to read later.

Be green with the printer! Do you need to print that document? Please don't use paper unless you have to - and save your money and the environment.

Child Trust Fund (CTF)
Help save our
environment.

Child Trust Fund (CTF)
1. Compare
Child Trust Fund
2.
Child Trust Fund Menu
3. Family's Ethical CTF reviews
4.
Children's Saving Accounts
5. Children's Saving Products

Child Trust Fund (CTF)

Watch the latest programme


Pocket money

Forums Home > Main Topics > Teaching Children Money Habits for Life
Please read the Rules before posting Help Search Recent Posts Members
Welcome! You may Login or Register to join in. Login Register
Pocket money
Page 1 Start New Topic Reply To Topic
Mrs T
 12 Jun 2007, 17:20 #87 Reply To Post
Forum Member

Total Posts: 6
Joined: 12 Jun 07
Member #48

To those of you who are already doling out pocket money...

At what age did you start?
How much do you pay per week?
Is it partially or wholly linked to pitching in around the house?

Terri
lornaj1973
 14 Jun 2007, 10:59 #117 Reply To Post
Forum Member

Total Posts: 4
Joined: 14 Jun 07
Member #65

I started giving my daughter £1 weekly pocket money when she started primary school. Sometimes she spends it immediately, other times she puts in her piggy back and sometimes she'll hold onto it for a couple of weeks until she has enough for a magazine.

I also let her 'earn' 50p for helping with extra jobs around the house. I don't give her money for doing her normal jobs (like tidying her room before bed, putting dirty clothes in washing basket etc etc) but if she helps with dishes or hanging out washing she will earn extra.
atomicangel
 14 Jun 2007, 19:09 #130 Reply To Post
Forum Member

Total Posts: 3
Joined: 14 Jun 07
Member #74

I give my dd loose change to save up for a spcial treat from when she was 2yrs old now she is nearly 5yrs old and it helped teach her the different types and what each coin is worth and helped her to count
hesastar2
 15 Jun 2007, 19:17 #154 Reply To Post
Forum Member

Total Posts: 3
Joined: 14 Jun 07
Member #75

I used to get given a set £10 a month but could add to this by doing jobs around the house. It taught you that you have to do something in order to get money - so sets you up for real life really
Frappa
 17 Jun 2007, 17:46 #177 Reply To Post
Forum Member

Total Posts: 4
Joined: 17 Jun 07
Member #92

Quote: hesastar2, Friday, 15 Jun 2007 19:17
I used to get given a set £10 a month but could add to this by doing jobs around the house. It taught you that you have to do something in order to get money - so sets you up for real life really



My Mum used to give us the amount relevant to our age, eg-if you were 13 you got 1.30 per week. Sounds rubbish now, but this was in the nineties!
adam bradley
 21 Jun 2007, 12:13 #236 Reply To Post
Forum Member

Total Posts: 3
Joined: 21 Jun 07
Member #113

I strongly believe that children need to learn that money is earnt and not handed out freely. They quickly appreciate whatever they spend their money on as they feel they've earnt it. It only has to be small chores around the house or even displays of kindness and honesty or good behaviour etc.
vanessa69
 21 Jun 2007, 17:01 #244 Reply To Post
Forum Member

Total Posts: 3
Joined: 21 Jun 07
Member #119

I give my little one (2 and a half) five pounds a week, but must admit most of this goes into a bank account for her, I started when she was very young explaining 'why' we put coins in her piggy bank, and automatically does it now.
zaksy
 04 Jul 2007, 12:31 #267 Reply To Post
Forum Member

Total Posts: 3
Joined: 04 Jul 07
Member #129

Children have to learn about the harsh reality of life. One way of doing that is by earning their pocket money through completed chores. It doesn't have to be 'child labour', it can be chores to improve their living skills. For example my 8 yr old gets pocket money for making her bed in the morning, setting the table for breakfast etc whilst mt eldest gets hers for preparing food, loading the dishwasher etc. When they are older I am sure they will thank me!!!
lilymaybear
 07 Jul 2007, 16:59 #285 Reply To Post
Forum Member

Total Posts: 3
Joined: 07 Jul 07
Member #139

i shall be giving my daughter pocket money once she is old enough to understand the concept of money, and she will have to do little jobs for me to earn the pocket money - the more she does the more she gets! i think it will help to teach her that money has to earned and doesn't just appear when you want it! xxx
nicmccor
 08 Jul 2007, 18:44 #286 Reply To Post
Forum Member

Total Posts: 2
Joined: 08 Jul 07
Member #141

I give my son (12) £5 a week on the condition that he keeps his room tidy and helps with chores.
cheryl59
 10 Jul 2007, 13:53 #307 Reply To Post
Forum Member

Total Posts: 4
Joined: 10 Jul 07
Member #145


My two are a bit young for the whole pocket money debate (almost 6 and 2 and a half). My eldest helps around the house and I used to offer her a few pennies if she did certain extra jobs but in the end I realised she prefers little gifts (a comic book, hair clips, a pencil) to money. I'll come back to money in a couple of years !!
Mrs Tea
 12 Jul 2007, 19:52 #312 Reply To Post
Forum Member

Total Posts: 3
Joined: 12 Jul 07
Member #146

started giving £5 a week when he was 10, anything before that was bought for him, in moderation ..
pam
 21 Jul 2007, 09:12 #333 Reply To Post
Forum Member

Total Posts: 3
Joined: 21 Jul 07
Member #154

It doesn't hurt, to let kid's earn their pocket money. As they get older, they will learn nothing in life is free.
AimClo
 05 Aug 2007, 23:13 #342 Reply To Post
Forum Member

Total Posts: 4
Joined: 05 Aug 07
Member #162

I agree - i think children should earn there pocket money - not just so they dont take it for granted but so they learn how to do things themself - independance at a young age isnt too bad - as long as there not doing all the housework while the parents sit round all day :)
luciferlu
 22 Aug 2007, 22:44 #352 Reply To Post
Forum Member

Total Posts: 4
Joined: 22 Aug 07
Member #167

Yes i do think children should be given the opportunity to earn some pocket money. Not 100% related to chores though. I feel they should earn it just by their behaviour in general though ie always being helpful and polite.
keefa
 19 Sep 2007, 08:24 #400 Reply To Post
Forum Member

Total Posts: 3
Joined: 19 Sep 07
Member #196

My Son is 7 and he gets £2 a week pockets money. He plays football and gets if after that. We also ask him to keep his room tidy and take his pots into the kitchen to earn his pocket money too. I believe that they should respect the value of money by doing these sort of things.
lucy
 19 Sep 2007, 12:40 #405 Reply To Post
Forum Member

Total Posts: 4
Joined: 19 Sep 07
Member #197

Quote: keefa, Wednesday, 19 Sep 2007 08:24
My Son is 7 and he gets £2 a week pockets money. He plays football and gets if after that. We also ask him to keep his room tidy and take his pots into the kitchen to earn his pocket money too. I believe that they should respect the value of money by doing these sort of things.


i totally agree with you if my son help me with clearnig the house such as wipe floor and bring the emoty dises to the kitch i ll offer some pocket money too .
Anneka
 22 Sep 2007, 18:18 #428 Reply To Post
Forum Member

Total Posts: 3
Joined: 22 Sep 07
Member #207

As a child i was given 1 pound a week, then 5 pounds a week when i was around 13, that only lasted a year as i was then made to get a saturday job. Doing that has made me alot more money wise.

Quote: Terri Trimble, Tuesday, 12 Jun 2007 17:20
To those of you who are already doling out pocket money...

At what age did you start?
How much do you pay per week?
Is it partially or wholly linked to pitching in around the house?

Terri


Fauzia
 25 Sep 2007, 00:26 #442 Reply To Post
Forum Member

Total Posts: 4
Joined: 25 Sep 07
Member #210

Children need to have pocket money but they should be encouraged to carry out little bits of work in the house in order to earn and they must be taught the value of saving as well.
Katiekinsp
 05 Oct 2007, 15:53 #454 Reply To Post
Forum Member

Total Posts: 3
Joined: 05 Oct 07
Member #219

I used to get given a set amount each week, increasing as I got older etc. I believe this taught me well as I got it into my head at such a young age, that if something was too expensive, I would either have to save and go without until I had saved the money up. I think this is a valuable lesson, as I still have that same attitute now - if I don't have the money, I can't have it and I need to either have a rethink or start to save for it. It is much easier these days to get credit for just about everything and will be so much easier in another 10 years for the children of today!
sofagirl
 28 Oct 2007, 21:55 #524 Reply To Post
Forum Member

Total Posts: 4
Joined: 28 Oct 07
Member #257

i was given £1 a week and bus fares to visit my dad, then at 14 i got a job and had to pay for everything myself including school trips and would get my uniform as part of xmas!!!


Page 1 Add To My Topic Watch List Start New Topic Reply To Topic
Server Time: 05 July 2008, 01:28