15 to 18 years-between €30 and €50 per month.

11 to 15 years-between €10 and €30 per month.

If you prefer to wait a bit longer, you might also decide to give your child their allowance when they go to high school, as a sign of their burgeoning independence.Īs for exactly how much to give your teen each month, here are some popular amounts you might want to consider: Our advice is to give your young child pocket money on a weekly rather than monthly basis, because at that age, their limited patience might not hold up under such long time periods. For example, you could give your child €1 per week to buy a treat, or save up for a bigger purchase in the future. Wondering how old your child should be before you start giving them pocket money? Be aware that, generally speaking, giving kids pocket money can be helpful from around 6 or 7 years old, when they know how to count, add and subtract. When should kids start earning pocket money-and how much? This will be different for every family, but could include extra work around the house, looking after younger siblings, and so on. Instead, you might prefer to find small jobs your child can complete that go above and beyond what is normally expected of them.

If you feel that certain household chores are part of living together (washing dishes, for example), then paying your child for completing those tasks can be counterproductive. But be careful with this practice-it’s up to you to decide what children deserve to “earn money” for. Some parents pay their kids when they do household chores (like washing the car or gardening) or as a reward for good grades at school.

Help children understand the value of money.

Empower their kids by letting them use the money any way they want.

Approach the issue of financial management in a practical way.

Beyond the purely financial aspect, pocket money allows parents to: Is it a good idea to give your kids pocket money?įirst of all, it’s important to point out that it’s by no means a must-about half of parents in France give their kids pocket money.

Money on pocket