The great advantage of my system is that I can choke off the money supply in summer, when expenses are few.
OUT OF POCKET CASH PRO
The big advantage of the pocket-money scheme is that a parent may exact labour in the form of chores in return for a wage, although the Halifax survey indicates that the proportion of parents who enforce this quid pro quo has fallen year on year. If I were, I would certainly lie to the Halifax about it. It’s not an ideal system, but, overall, I don’t think I’m losing much more than £6.20 a week per child. In Colombia, due to deficiencies in this system, patients are more likely to incur in out-of-pocket expenses money that has never been quantified in this. By the time the card needs topping up again – much sooner than expected – I am obliged to regard the suspicious shortfall as a sunk cost.Įverything else they receive in the way of discretionary spending money, they get by lying to me about the price of things when I send them on errands, or stealing change from my pockets while I’m asleep. This is obviously a terrible oversight: when a child shakes me awake at dawn to tell me his Oyster card needs topping up, I have no way of knowing if this is true, or how much of the tenner I give him gets invested in future transport. My sons simply have expenses – travel, phone, meals, incidentals, etc – for which they are rarely required to provide receipts. To me, the whole notion of pocket money seems outdated.
I only know that, as a parent of three, I wouldn’t be able to offer anything like an accurate figure.
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