I'd be concerned about my teen having access to a lot of cash because of drugs. Mine isn't a teen yet, but I don't plan to give her access to much cash. Maybe credit card that doesn't allow cash withdrawal, and smartcard with some allotted amount auto transferred weekly. Reloadable Starbucks card.

Our 12 yo has a green light card and Apple Pay/Apple Cash.
He keeps 60-100 in his wallet but rarely takes it with him. He can get cash out from atm on his card which he keeps behind his phone in the case.

He also has all of the food coffee apps that have money on them, or he can quickly reload from Apple Pay if necessary.
He keeps about 800-1000 in Apple Cash and has about 7k in green light account.

In our house kids do chores because they are members of the family and everyone contributes to the running of the home we all live in.

Kids get allowance to teach them about money.

These are two totally separate things that have nothing to do with each other.

Anonymous wrote:My kids have always gotten their age in dollars per week. So my 13yo gets $13 a week. She earns additional money on her own (dogwalking, mother's helper, etc.). This seems to be more than enough for her to cover social expenses, and she also saves it to buy presents for birthday parties, etc.

That's what my son gets. He's 14 now and it works for him. He saves up and buys cologne. At least it's not Axe.

We give our 10-yr-old $7/week. Half to spending account; half to savings.

$10 - that is dependent on grades, chores, etc. DC now going to HS and we increased chores and give him $20 but this includes school lunches. He can spend $ or pack his own lunch.

When my DS was 13 I made him an authorized user on my credit card and he's allowed to spend a reasonable amount. I think the basic is around $20/week, and if he goes beyond that he asks permission. Usually its a small purchase which is fine. I go over my statements every month and he's never abused it (14 now). Now he's earning some of his own money through odd jobs and he loves to spend it on eating out with friends.

I give my 13 year old $10/week allowance and will also give her some spending money if she goes out with friends.

My daughter is 14 and we give her between $15-$20 a week. If she's going out with friends I will often give her an additional $20 for lunch or Starbucks.

Anonymous wrote:

Anonymous wrote:My kids have always gotten their age in dollars per week. So my 13yo gets $13 a week. She earns additional money on her own (dogwalking, mother's helper, etc.). This seems to be more than enough for her to cover social expenses, and she also saves it to buy presents for birthday parties, etc.

This seems like a lot of money.

Here is how it breaks down:

1. She goes out with friends roughly once per week and picks up a coffee drink or a snack or even a fast casual meal. Roughly $7. (This is happening more frequently in the summer)
2. She "saves" roughly $7 and uses that to buy presents for friends and family, nail polish, a decoration for her room she wants, an extra bathing suit, etc...

We buy her the basics. She pays for everything else herself. It works for us and it teaches her a bit about how to manage money.

I have a 16 YO and we give $10/week via auto deposit. Everything else is their earnings (PT job at mall, babysitting, pet sitting). Seems to work fine and kid has plenty of cash plus a few thousand in the bank after a few years of this.

Anonymous wrote:My kids have always gotten their age in dollars per week. So my 13yo gets $13 a week. She earns additional money on her own (dogwalking, mother's helper, etc.). This seems to be more than enough for her to cover social expenses, and she also saves it to buy presents for birthday parties, etc.

This seems like a lot of money.

My kids are older now, but when they were that age, we went through a lot of attempts at finding a good system and amount for this.

What we settled on was $10/week that was automatically transferred into their bank account that was tied to a debit card, since that is a pretty common method of payment.

They also had access to cash from neighborhood jobs such as dog-walking, pet sitting, plant watering and babysitting.

My kids have always gotten their age in dollars per week. So my 13yo gets $13 a week. She earns additional money on her own (dogwalking, mother's helper, etc.). This seems to be more than enough for her to cover social expenses, and she also saves it to buy presents for birthday parties, etc.

Hi, now my 12 year old did is becoming more independent we want to give her monthly pocket money (chore dependent!). I have no idea what the going rate is for her age… How much pocket money do you give your young teen? Thanks!