Don’t pay too much and fulfill his every wish on the side – why should he save money at all?.by making him buy school supplies or clothes). Do not alienate the purpose of the pocket money (e.g.Do not let your child “keep accounts” of the expenses.Do not force him to be thrifty, he has to learn it by himself.Don’t judge what your child buys, it’s his decision “Was that really necessary now?”.

Stay consistent, even if your child is already broke.

The pocket money is always paid and is not linked to things like completed homework.

The payment is made regularly, so that your child can plan.

neither too lavish, nor too tight – the Youth Welfare Office offers a pocket money table with recommendations:Ĭoncluding On The Subject Of Pocket Money Recommendation In order to find an appropriate amount – i.e. Of course, you should differentiate between the pocket money of a six-year-old child and that of a 12-year-old child. You probably know that it is more likely to buy something on the Internet for €50 than to pay for something for €50 in cash in a store.Įntering Professional Life: What You Should Know About It How Much Pocket Money Is Recommended? The Pocket Money Table Helps Nevertheless, one should be aware that “virtual” money is handled more carelessly than cash.

In addition, some young people find it “cooler” to have the pocket money transferred to the account. Visiting a bank is also an important experience for the child and contributes positively to their development. It is possible for children as young as 10, together with their parents, to open a student checking account into which pocket money can be deposited. Pocket Money Payment – Would You Rather Pay Cash Or Into An Account? So you can switch to monthly payment of pocket money. For most children at that age, it is simply still too complicated to allocate the money for an entire month.įrom the age of 10, however, you can slowly start to get the child used to organizing the money for the long term.

Until the age of nine, it makes sense to pay out pocket money weekly. Are You Ready For A Mother-Child Cure? When Should Pocket Money Be Paid Out?

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