These are common questions, and many opinions exist. What works for one family may not work for another. The information below is by country and age, so you have specific information on which to base your decision on how much to give.
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How much you give depends on what you intend the money to cover and what the family budget allows. The tables below show the average amount parents give by age. Be aware there is a lot of variance around these averages because parents make different decisions about what the money does and doesn't cover. As you can see, the amount parents give increases significantly with age as they include more things in the amount, e.g., clothes, movies, and phone use.
It's never too early or late to start giving pocket money. You can start as soon as your kid can count or start a few years before they leave home. However, make sure to give pocket money as soon as possible.
The charts and tables below are regularly updated based on information shared by parents just like you.
| Age | Money |
|---|---|
| Years | US Dollars |
| 4 | $5.44 |
| 5 | $5.89 |
| 6 | $6.36 |
| 7 | $6.76 |
| 8 | $7.23 |
| 9 | $7.87 |
| 10 | $8.71 |
| 11 | $9.68 |
| Age | Money |
|---|---|
| Years | US Dollars |
| 12 | $11.11 |
| 13 | $12.57 |
| 14 | $14.46 |
| 15 | $16.23 |
| 16 | $18.85 |
| 17 | $21.54 |
| 18 | $24.39 |
| 19 | $27.56 |
| Age | Money |
|---|---|
| Years | UK Pounds |
| 4 | £3.47 |
| 5 | £3.51 |
| 6 | £3.61 |
| 7 | £3.82 |
| 8 | £4.08 |
| 9 | £4.41 |
| 10 | £4.81 |
| 11 | £5.51 |
| Age | Money |
|---|---|
| Years | UK Pounds |
| 12 | £6.53 |
| 13 | £7.64 |
| 14 | £8.83 |
| 15 | £10.14 |
| 16 | £11.84 |
| 17 | £13.32 |
| 18 | £14.45 |
| 19 | £15.40 |
Pocket money is an excellent way to teach your kid about money. Giving your kid some money to own, spend, or save as they decide will make them feel important. They will learn a lot along the way and be more ready to enter the world.
Take a look at our Why should I give pocket money? article for more information and things to consider when giving pocket money.
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Below is the information we collated for previous years. The key takeaway is that you need to increase the pocket money you give every year, not just because of inflation, but more importantly, to increase the size of the pot of money they are responsible for. Annual increases will help them build confidence in managing larger and larger amounts as they grow toward becoming an adult.
| Age | Money |
|---|---|
| Years | US Dollars |
| 4 | $5.31 |
| 5 | $5.66 |
| 6 | $6.06 |
| 7 | $6.43 |
| 8 | $6.83 |
| 9 | $7.45 |
| 10 | $8.25 |
| 11 | $9.16 |
| Age | Money |
|---|---|
| Years | US Dollars |
| 12 | $10.61 |
| 13 | $12.06 |
| 14 | $13.87 |
| 15 | $15.45 |
| 16 | $17.64 |
| 17 | $20.07 |
| 18 | $21.48 |
| 19 | $24.36 |
| Age | Money |
|---|---|
| Years | UK Pounds |
| 4 | £5.38 |
| 5 | £5.82 |
| 6 | £6.19 |
| 7 | £6.88 |
| 8 | £7.00 |
| 9 | £7.71 |
| 10 | £8.57 |
| 11 | £9.75 |
| Age | Money |
|---|---|
| Years | UK Pounds |
| 12 | £11.62 |
| 13 | £13.57 |
| 14 | £15.91 |
| 15 | £18.36 |
| 16 | £20.89 |
| 17 | £23.37 |
| 18 | £25.63 |
| 19 | £27.89 |
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