{"id":82,"date":"2021-01-11T10:30:58","date_gmt":"2021-01-11T08:30:58","guid":{"rendered":"http:\/\/www.woli.io\/it\/?p=82"},"modified":"2022-10-27T16:44:12","modified_gmt":"2022-10-27T13:44:12","slug":"how-much-pocket-money-should-i-give-to-my-children","status":"publish","type":"post","link":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/","title":{"rendered":"How much pocket money should I give?"},"content":{"rendered":"

Ready to trust your child with handling their own money, but not sure how to start<\/strong>?<\/span><\/p>\n

A good way to start is to set up a regular pocket money schedule, rather than give children money when they need it. Be guided by your children\u2019s day-to-day needs, goals, what they want to save towards and levels of maturity. Also, take into account that children are spenders or savers by nature!<\/span><\/h3>\n

The rule of thumb<\/strong> is that weekly allowance should be equal to the age of the child (a 8 year old gets 8\u20ac per week, a 10 year old gets 10\u20ac per week), however this can expand to a larger monthly sum as children enter their teenage years. Changing allowance frequency from weekly to monthly can help young teens learn to budget and save, while also signaling an increased level of trust to manage their money well.<\/span><\/p>\n

Setting chores<\/strong> is a great way to start teaching children to earn part of their pocket money. Common chores are usually related with helping around the house (doing dishes or cleaning up their rooms), but you should make sure you don\u2019t associate chores with contributions you expect your child to make as part of the family. Eg: if taking the dog for a walk is his\/hers responsibility, setting it up as a chore means that the child can actually choose not to do it and forgo the money. Consider paying extra for things above and beyond their expected tasks.\u00a0<\/span><\/p>\n

Adjust the allowance based on your capacity and child\u2019s needs, but don’t get too hung up on the amount. The most important aspect of pocket money is the \u201cteachable moments\u201d<\/strong> – use it as a tool to start talking to your children about money and how to manage it.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ready to trust your child with handling their own money, but not sure how to start? A good way to start is to set up a regular pocket money schedule, rather than give children money when they need it. Be guided by your children\u2019s day-to-day needs, goals, what they want to save towards and levels […]<\/p>\n","protected":false},"author":2,"featured_media":528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[70,16],"class_list":["post-82","post","type-post","status-publish","has-post-thumbnail","hentry","category-money-paths","category-parents"],"acf":[],"yoast_head":"\nHow much pocket money should I give? - woli.io italy<\/title>\n<meta name=\"description\" content=\"The most important aspect of giving pocket money to your children is the "teachable moments". Use it as a tool with Woli, the new money app.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much pocket money should I give? - woli.io italy\" \/>\n<meta property=\"og:description\" content=\"The most important aspect of giving pocket money to your children is the "teachable moments". Use it as a tool with Woli, the new money app.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/\" \/>\n<meta property=\"og:site_name\" content=\"woli.io italy\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T08:30:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T13:44:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Site Manager\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/\"},\"author\":{\"name\":\"Site Manager\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/#\\\/schema\\\/person\\\/2eec312c0a7cb88ca5e6fa5b4f704ce8\"},\"headline\":\"How much pocket money should I give?\",\"datePublished\":\"2021-01-11T08:30:58+00:00\",\"dateModified\":\"2022-10-27T13:44:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/\"},\"wordCount\":301,\"image\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.woli.io\\\/it\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/01\\\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg\",\"articleSection\":[\"Money Paths\",\"Parents\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/\",\"url\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/\",\"name\":\"How much pocket money should I give? - woli.io italy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.woli.io\\\/it\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/01\\\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg\",\"datePublished\":\"2021-01-11T08:30:58+00:00\",\"dateModified\":\"2022-10-27T13:44:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/#\\\/schema\\\/person\\\/2eec312c0a7cb88ca5e6fa5b4f704ce8\"},\"description\":\"The most important aspect of giving pocket money to your children is the \\\"teachable moments\\\". Use it as a tool with Woli, the new money app.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.woli.io\\\/it\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/01\\\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg\",\"contentUrl\":\"https:\\\/\\\/www.woli.io\\\/it\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/01\\\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg\",\"width\":1500,\"height\":1500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/how-much-pocket-money-should-i-give-to-my-children\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.woli.io\\\/it\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How much pocket money should I give?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/#website\",\"url\":\"https:\\\/\\\/www.woli.io\\\/it\\\/\",\"name\":\"woli.io italy\",\"description\":\"The smart money app for modern families\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.woli.io\\\/it\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.woli.io\\\/it\\\/#\\\/schema\\\/person\\\/2eec312c0a7cb88ca5e6fa5b4f704ce8\",\"name\":\"Site Manager\",\"url\":\"https:\\\/\\\/www.woli.io\\\/it\\\/blog\\\/author\\\/manager\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How much pocket money should I give? - woli.io italy","description":"The most important aspect of giving pocket money to your children is the \"teachable moments\". Use it as a tool with Woli, the new money app.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/","og_locale":"en_US","og_type":"article","og_title":"How much pocket money should I give? - woli.io italy","og_description":"The most important aspect of giving pocket money to your children is the \"teachable moments\". Use it as a tool with Woli, the new money app.","og_url":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/","og_site_name":"woli.io italy","article_published_time":"2021-01-11T08:30:58+00:00","article_modified_time":"2022-10-27T13:44:12+00:00","og_image":[{"width":1500,"height":1500,"url":"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg","type":"image\/jpeg"}],"author":"Site Manager","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#article","isPartOf":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/"},"author":{"name":"Site Manager","@id":"https:\/\/www.woli.io\/it\/#\/schema\/person\/2eec312c0a7cb88ca5e6fa5b4f704ce8"},"headline":"How much pocket money should I give?","datePublished":"2021-01-11T08:30:58+00:00","dateModified":"2022-10-27T13:44:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/"},"wordCount":301,"image":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#primaryimage"},"thumbnailUrl":"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg","articleSection":["Money Paths","Parents"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/","url":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/","name":"How much pocket money should I give? - woli.io italy","isPartOf":{"@id":"https:\/\/www.woli.io\/it\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#primaryimage"},"image":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#primaryimage"},"thumbnailUrl":"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg","datePublished":"2021-01-11T08:30:58+00:00","dateModified":"2022-10-27T13:44:12+00:00","author":{"@id":"https:\/\/www.woli.io\/it\/#\/schema\/person\/2eec312c0a7cb88ca5e6fa5b4f704ce8"},"description":"The most important aspect of giving pocket money to your children is the \"teachable moments\". Use it as a tool with Woli, the new money app.","breadcrumb":{"@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#primaryimage","url":"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg","contentUrl":"https:\/\/www.woli.io\/it\/wp-content\/uploads\/sites\/3\/2021\/01\/3d-flying-stack-money-purple-background-money-spending-cashless-society-concept.jpg","width":1500,"height":1500},{"@type":"BreadcrumbList","@id":"https:\/\/www.woli.io\/it\/blog\/how-much-pocket-money-should-i-give-to-my-children\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.woli.io\/it\/"},{"@type":"ListItem","position":2,"name":"How much pocket money should I give?"}]},{"@type":"WebSite","@id":"https:\/\/www.woli.io\/it\/#website","url":"https:\/\/www.woli.io\/it\/","name":"woli.io italy","description":"The smart money app for modern families","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.woli.io\/it\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.woli.io\/it\/#\/schema\/person\/2eec312c0a7cb88ca5e6fa5b4f704ce8","name":"Site Manager","url":"https:\/\/www.woli.io\/it\/blog\/author\/manager\/"}]}},"_links":{"self":[{"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/posts\/82","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/comments?post=82"}],"version-history":[{"count":0,"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/posts\/82\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/media\/528"}],"wp:attachment":[{"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/media?parent=82"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.woli.io\/it\/wp-json\/wp\/v2\/categories?post=82"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}