How much pocket money are children earning around the UK?
When it comes to the topic of pocket money, it’s natural for parents to have a lot of questions. Should you give your children pocket money? If so, how much? And what should they have to do to earn it?
Everyone has their own style of parenting, so there’s no right or wrong answer. However, it can sometimes be helpful to see what other parents are doing and use that as a starting point.
To give you a helping hand, we surveyed 1,000 parents with children aged 5-10 from all over the UK. We wanted to find out just how much pocket money children are being given around the country, and what they’re doing to earn it.
What are children spending their pocket money on?
Giving your children pocket money can be an excellent way of teaching them the value of money from an early age. They can earn pocket money by helping out around the house, and then they get to choose what they spend their hard-earned cash on.
As part of our survey, we also asked our parents what their children were most likely to spend their pocket money on. Coming out on top was Lego, with 3 in 10 parents saying this was the first thing their children looked for when spending their pocket money.
The following are the top 10 toys children are spending their pocket money on in the UK:
- Slime and silly putty
- Arts and crafts
- Action figures
- Cars, trains and planes
- Outdoor toys
- Board games
If you’re looking for some inspiration, why not explore all The Entertainer has to offer.