What is pocket money?
Pocket money is money that you get that you can spend. It may be that your parents and caregivers give you money every now and again, or you may get a regular amount of money, for example every week or once a month.
Some families don't give pocket money regularly, they just hand over money to their kids when they want it. Sometimes people in the family may give you money for birthdays or Christmas. Some of it may turn out to be pocket money - money that you can spend on what you want.
But many families start saving accounts for kids and expect part of their pocket money should be saved.
How much should you get?
That depends on what your parents/caregivers can afford, how many kids there are in your family and how old you are.
|A little pre school kid may get a dollar, but older children would get more.|
|It also depends on what you and your family decide is to be done with it. You may be given some money for saving and some money for yourself.|
|You may be given money but you have to do your chores around the house.|
|You may not be given pocket money but you may be paid for each job that you do well.|
|Each family is different.|
|Some kids do paid casual work. They may save some, use some to help out the family or keep some as pocket money.|