What is the average weekly pocket money for kids age 7-16 in the US?
344950
When I was 16, I got a job, and I had about $90 in my weekly paycheck.
454063
Unfortunately, there is not data for that age range in particular. In 2005, 18-21 year olds made an average of £9,410, 22-29 year olds made £19,104, and 30-39 year olds made £25,712 per year. Coming up with an amount of how much it costs to live is somewhat more difficult. See the site below for the Consumer Price Index.
736053
when the child starts bringin in money
1176962
Empowerment and Experience!\n\nMy kids have been managing their own money since the age of 4 or 5.  That is about the age that kids recognize money and some of its power.  Having the freedom to make decisions with their money that they have earned has empowered them.  They are confident and they make good choices with their money.  They are all teens now.\n\nWe live in such a consumer driven society--it is difficult to overcome such clever marketing.  \n\nFirst and foremost--My husband and I believe in setting the example we hope they will become. \n\n1.  Just say NO! at the store.  \n\nWe have always made them work for the money they get from us.  I never subcomb to the pleadings at the store--I tell them to use thier own money.\n\n2.  Establish a saving/giving/spending plan.  Make it a habbit.\n\nWe have a rule--save half, give 10%, spend the rest.  When they were little, it was difficult for them to save or even learn to wait to buy something. Now saving and giving is just as important to them as spending.  They each have checking accounts with debit cards as well as saving accounts or money market funds.\n\n3.  Do not bail them out of a tough situation. \n\n It is difficult to see kids suffer disappointment, but it is an opportunity for a great lesson.  My kids  have lost their money and made many painful mistakes--including making impulsive purchases that feel good at the time, but is a waste of their resources;  letting friends 'borrow' money--never to see it repaid. \n \n Our theory is that we'd rather have them make mistakes now and give them a chance to learn and establish good habbits by giving them as much experience as possible.  \n\nWe'd rather see our 8 year old lose his 40 dollars because of carelessness than to see our 28 year old lose 4000 dollars because of carelessness he could have learned to avoid when he was 8.  Wise people tend to learn from their mistakes.  \n\n4.  Teach them according to their personality. \n\nEach kid manages money differently, but we have taught them to work with the personality they have and not put themselves in difficult situations.  I have a kid that is an impulsive spender, who does not like to balance her checkbook.  So she puts away money (her paycheck) in a saving account (short term savings) and investments (long term savings) first and then gives herself a set amount of cash to spend every week.  Her rule is, she can spend whatever she puts in her wallet for the week on whatever she wants impusively but when the money is gone, she has to wait the next week for the next installment of money.  She does not use checks or her debit card. She uses her short term savings to pay cash for more expensive items and does not touch her investments--which she will use for college.  This keeps her from having to physically balance any checkbook--which she hates to do. My other kids are savers, but are very selective about what they purchase.  They treat themselves to things, sometimes sharing the cost (like a computer game or book).  \n\nOur son has come  a long way--losing the most money as a kid, by not keeping in a safe place or by being careless.  He is so much better at managing his money and and keeping things safe.  He has trained himself to put his valuable belongings in a 'home' he established.  He is really a messy kid and absent minded at times.  But his habbits has helped him overcome his short- comings.   \n\n\n5.  Real world education.   We are focusing on identity theft, carefully surveying offers to make wise decisions.  They are consumers and use the internet frequently.  My son has even been cheated on ebay--for $600.  Working through the horrible 6 month process of dealing with endless voice mail, poorly informed customer service agents, red tape and law enforcement  was a great lesson for him. He was very upset, thinking that he lost his money.  Fortunately he was able to get it back. He will be much more careful before making purchases and he
990711
I have friends who go to garage sales every weekend and spend about $200, then they turn around and sell that stuff on ebay and take in an average of $1000-$1500 a week.
365574
Assuming there are 52 bank weeks in the year, and you work all of them even through Holidays, then you would want to have your goal, 2000.00 divided by the number of deposits required to be made in a year ie...52, The answer is the expected amount of each deposit to total a $2000.00 deposit total at the end of the year! In this case it is 38.1653... Which means on Average, you would deposit 38 dollars and 17 cents.  Keep in mind the more you deposit each time, the more you will have saved!
17128
If you invest $14,600,000,000 in a savings account that pays 2.5% annual interest, compounded daily, you will have earned $1,000,000 in interest in one day.\nAlternatively, you could ask one million people for a dollar each, or 10 million people for a dime each, or 100 million people for a penny each.  Personally, I'd go with the penny.
1128593
i highly recommend everyweek you have an automatic amount pulled from your paycheck into a savings account you'll never touch!  even if its only $10 a week, it will add up very fast especailly with compounding.
1182887
it depends on where you live but it's usually 16
850648
Please keep your money in your own home town. Most of those that you see on TV only give a percentage of your money to some child somewhere. Something like 40%. I guarantee there is a hungry child right in your own neighborhood. Talk to a local Christian Church and they can help you "adopt" someone close to home.
1106791
Some banks allow a kid to have a debit card with their parents approval when they are a teenager.  I think you have to be around 15 or 16 though.  Also depends on the bank.
965667
trust me kids open them expensive pressies and at that age they mean no more to them than a 5.99 pressie. because there are no peers to compete with, so don't worry .  i`v had 4 kids  i remember buying our son a £150 car to sit in and he opened it went down the path n returned then spent hours in the bath with suction letters was we cheesed off or what lol
1128798
Most locally owned/operated banks offer free accounts for kids, with no minimum balance. My teen has one.. at one time i think her balance was 11 dollars(lol) just call around... should be easy to find.
927590
Hi, i would definatly request no less than $10. Check what local daycares charge per kid in your area...you can use that in an interview when discussing your pay. For 3 kids i would say anywhere from 10-20 per hour $$$ Also remember if they say only pay you 11 or so an hour, require that they pay you a certain amount per mile...say like 40 cents or something. \nGood luck
882483
not bad kid.  95 or so is average so your not doing too bad.
208715
I would charge $40 per child for the week.  That would be less than it would be at a daycare but still enough to cover you expeneses (food, gas etc.) during the times that you have them.  Hope this helps you.
882611
Normally between £250 and £400, but this year we have decided to spend £250 each on our children.. We have 4 children, aged 1, 3, 10 and 16..  We have had trouble this year deciding what to buy the children because they have already had stuff, It made me release they have too much.