Latest news with #pocketmoney
Yahoo
29-06-2025
- Business
- Yahoo
Good with money: Children ‘earning biggest cash payments for behaving well'
Children are finding that good behaviour really does pay off – with youngsters typically receiving the highest cash amounts into their accounts for this 'task' – according to data from a money app. GoHenry said that being good is the highest-earning task of 2025 so far, with youngsters being rewarded with £1.48 on average. Practising music was the next best-paying task, with an average payment of £1.33, followed by caring for pets, at £1.31. The most popular task for which children receive payouts is tidying their bedroom, with an average payment of £1.10. And while it can sometimes be left until the last minute, doing homework is the next most popular task that children receive payments for, with a typical payout of £1.28. The research also indicated that many children are doing their bit around the home, with helping around the house being the third most popular task to be given a cash incentive, with youngsters banking £1.14 typically. There were also signs of a small gender payment gap, with boys receiving £1.53 per week on average for completing tasks, compared with £1.50 for girls. However, girls typically receive more weekly pocket money than boys, at £9.94 on average during 2025 compared with £9.87 for boys. Holidays are the top savings pots so far this year, followed by birthdays, electronics, clothes and shopping, according to GoHenry's data. The analysis looked at the savings habits of young people aged six to 18 from January to mid-April this year. Louise Hill, founder and chief executive of GoHenry, said the figures indicate that children are 'thinking ahead, planning for experiences and building those crucial long-term saving habits that will help give them a head start in life'. She added: 'And, of course, it's brilliant that 'being good' is literally paying off for them – a fun and effective way to learn about rewards.' Here are the top five highest-paid tasks for children and teenagers in 2025 so far, according to GoHenry's data, with the average cash amount paid: 1. Being good £1.48 2. Practising music, £1.33 3. Caring for pets, £1.31 4. Doing homework, £1.28 5. Brushing teeth, £1.20 Here are the most common tasks for children and teenagers in 2025 so far, according to GoHenry's data, with the average cash amount paid: 1 Tidying bedroom, £1.10 2. Doing homework, £1.28 3. Helping around the house, £1.14 4. Brushing teeth, £1.20 5. Caring for pets, £1.31 And here are the average weekly pocket money amounts across Britain in 2025 so far, according to GoHenry's data (there were some payments where the region was not known and these averaged £10.41): East Midlands, £9.48 East of England, £8.46 London, £9.62 North East, £8.81 North West, £9.69 Scotland, £10.73 South East, £12.80 South West, £8.76 Wales, £8.89 West Midlands, £9.91 Yorkshire and the Humber, £8.93 Here are weekly average task earnings by children and teenagers across Britain in 2025 so far, according to GoHenry (the average payment where the region was not known was £1.36): East Midlands, £1.53 East of England, £1.47 London, £1.60 North East, £1.49 North West, £1.54 Scotland, £1.52 South East, £1.64 South West, £1.44 Wales, £1.46 West Midlands, £1.54 Yorkshire and the Humber, £1.38
Yahoo
28-06-2025
- General
- Yahoo
Mom Is Left ‘Feeling Guilty' After Allowing Her Kids to Use Their Pocket Money to Pay for Family Day Out
A mother admitted that money is "always tight" a week before payday, regardless of how much she budgets for her family In a Mumsnet post, she said her children volunteered to use their pocket money to go on an outing together However, the mom was left feeling "guilty" after other parents commented about her making her children use their savingsA mother is feeling broken after her children publicly announced they used their pocket money to pay for a family day out. The mom explained in a lengthy Mumsnet post that money is 'always tight' by the end of the month, regardless of how much she budgets. A week before payday, she suggested to her children that they go to the park, picnic, ride bikes or do anything that didn't involve having to 'buy a ticket or spend any money.' 'They asked to do something which costs money, but offered to pay for it themselves with birthday/pocket money (adults go free),' the mom said of her children. 'At this point, honestly, I was pleased and proud they were showing initiative, cooperating with one another, negotiating as a team, etc." 'They have enough to pay without emptying their savings, so I happily agreed,' she added. The mother said that when they arrived at the activity, her children told the cashier they were only able to come after offering to pay for the outing themselves. Strangers standing nearby began 'tutting and muttering that no child should have to buy their own tickets' and critiqued her parenting. 'I sort of stuttered that I was actually very proud of them working together to find a solution to get to do something they'd wanted to do, then we moved away,' the mom said. 'I didn't want to start explaining the whole backstory, financial circumstances, etc. 'But now I'm starting to feel guilty, and maybe I should have held the boundary that a no money day is just that, regardless of where the funds come from,' she continued, before asking members of the forum to share their opinions. 'AIBU [am I being unreasonable] to have let them pay?' she asked. 'I was feeling really positive about it all till about 10 minutes ago :(' A flood of responses to the post attempted to reassure the mom that she isn't the only parent strapped for cash by the end of the month. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Many said they wouldn't have shamed her for allowing her children to pay for the outing. 'Not at all unreasonable, you've taught them a valuable life lesson that money isn't growing on trees,' one person commented. 'Ignore that nosey, judgey cow. I think this is totally fine 👍 it's not like you make them pay for their bed and board every week 🤷' another said. The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! 'What happened to saving up to do/buy something? This used to be normal,' a third wrote. 'Now, kids seem to be given whatever they want whenever they want. Your children will understand the value of money, this woman's children may well be throwing a strop next time they aren't just given something simply because they want it.' Read the original article on People
BBC News
16-06-2025
- General
- BBC News
Pocket money: How do you earn it and what do you spend it on?
If you get pocket money, do you have to jobs to earn it? A survey looking into how kids earn and spend their pocket money says fewer parents are giving it out weekly. Instead, more kids are being rewarded with cash for things like chores or a good school want to know how you earn your pocket money and what you like to spend it on. Let us know in the comments below! The survey, by NatWest Rooster, used information from more than 350,000 children aged six to found on average kids in the UK earn £9.13 per week, which is down slightly on 2023. But children are earning more for chores, with a 7p increase for walking the dog and a 21p increase for mowing the lawn on average, compared to last year. The amount children have saved over the year has also slumped, but gaming is still the most common thing to save earning less, children are still giving to charity, averaging £4.80 in donations per child.
