Money money money…

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Just been speaking on BBC Three Counties Radio’s JVS Show about pocket money – apparently £14 per week is the going rate now! My children are clearly woefully short-changed then…

And should pocket money be linked to specific chores, or given independently of household jobs etc? My feeling is that I want my children to contribute around the house because they are part of a family unit which pulls together, not because I’ve bribed them with 50p to stack the dishwasher. Any thoughts?

What I do love are the new apps for children to manage their own pocket money. My eldest uses GoHenry, which gives her a “dashboard” she can log in to where she can see what’s coming in, what’s going out and how much she’s saved. Being a sensible sort, her savings are now outstripping my own!

It’s a new world out there for our kids… part of me yearns for the days of trips to the penny sweet shop with spare change. At least they’re learning to budget – even if it’s to save up for downloads and apps…

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