AkoroGuides for parents
Plain answers on pocket money, chores and saving, with the sources for every figure.
- Chores by age
A list for each age from 5 to 12.
- What age to start pocket money
MoneyHelper suggests small amounts at 5 to 6.
- Should pocket money depend on chores?
The advice splits. Both sides, and the usual compromise.
- How to teach children to save for something
Set a goal together, work out the date, and give the money a home.
- How reward charts work
How to run one, what to avoid and when to stop.
- How much to pay for chores
What UK families pay per job, and how to set your own prices.