How Much Pocket Money Should I Give?
Unsure of how much money to give your children? Here’s how NatWest Rooster Money families do it…
Welcome to
RoosterMoney Resources
A treasure trove of fun and educational articles for the whole family. Pocket money tips, recommended products, advice from experts, or just ideas on how to get the most out of the app. And be sure to check out our Primers, a set of bite sized guides on how to talk to kids about money.
Editor Picks
Latest
#19 Which way to pay?
Stay at home challenge – Which way to pay? Cash is fairly easy for kids to understand, but other methods from plastic cards to smartphones can be trickier for kids to get their head’s around.
#12 Start Selling
Stay at home challenge – Start Selling. A great way to help your kids earn some money that may also help with the spring cleaning!
#11 Family Dinner Party
Stay at home challenge – Family Dinner Party. This one is a great way to bring together a lot of big money lessons in one simple… meal! Get the kids to organise Saturday night’s dinner.
#10 – 1p or £1000?
Stay at home challenge – 1p or £1000? Which would you choose? It’s a simple question, with a surprising answer. And a great lesson on the power of compound interest, for all of us.
#9 Aiming for Goals
Stay at home challenge – Aiming for Goals. Kids love thinking about what they want, and what they can buy. So use that enthusiasm to help them draw up their own budget.
#8 Wallet Workout
Stay at home challenge – Wallet workout. Quite simply, your kids tip out all the cards in your wallet, but this time, instead of getting angry, you turn it into a money lesson!
#7 What do I do all day?
Stay at home challenge – What do I do all day? Take this opportunity to talk to your kids about your job? What do you do, and why? It could get them thinking about what they want to do too.
#6 Home Tuck Shop
Stay at home challenge – Set up a tuck shop at home. Laura Symond’s genius way of keeping the kids from nagging for sweets whilst also teaching them some valuable money lessons.
#5 Retro Board Games
Stay at home challenge – Dust off those retro board games. Monopoly and The Game of Life are great games that involve concepts like earning and saving, so are full of valuable lessons.
#4 Unleash Their Inner Entrepreneur
Stay at home challenge – Inner Entrepreneur. Could your kids be the next Bill Gates? This activity is all about getting their creative & business minds going !???????⠀
#3 Wizard Chess
Stay at home challenge – Wizard Chess. Get a couple of big bags of pennies (or anything that’s stackable), and a chessboard. A great way to show the power of compound interest.
#2 Clear the Clutter
Stay at home challenge – Clear the clutter – A great wat to introduce the concept of ‘needs’ and ‘wants’, and get the bedroom tidy.
#1 Design your own bank note
Stay at home challenge – Ask your kids to design their own bank note? Who would they feature on it? What other important information needs to be on there?
Share their First Purchase of the Year with #RoosterFirsts
Celebrate those #RoosterFirsts – Share a video of your First Purchase of the Year on Instagram for a chance to win up to £50. ?