Ultimately, it seems there’s no right or wrong amount, and many parents will just give a similar rate to what their friends give their kids – depending on age, of course.
But should we make our kids ‘earn’ their pocket money, by doing chores in return for cash?
“As a parent, it’s common to feel confused about what’s right and wrong when it comes to managing money with children,” says child psychologist Erik Bohjort, head of research at Gimi – a free pocket money app.