Giving kids chores helps them gain life skills and a sense of responsibility. Payment of pocket money should not be linked to the child or young person performing unreasonable duties. These costs are covered by the Care Allowance.
Pocket money is not to be used by the child or young person to cover the cost of meeting their basic needs such as clothing, toiletries, food or bedding. For a 13-year-old child, for example, this equals $13 in pocket money a week. Typically, parents and carers give their children $1 for each year of their age, each week.
The Care Allowance is intended to cover pocket money. It helps promote a sense of independence and, through experience, teaches kids how to make responsible financial decisions. Getting pocket money helps a child or young person learn the value of money, how to use it and how to save it to buy something they really want.
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