Pocket money: What’s a good rate?

In reality, it was probably only four, but when you’re a kid, even a handful of chores can feel like a full-time job.

Pocket money was definitely a part of my childhood, and it’s something I’ve recently been trying to introduce at home with my son.

But it got me thinking ... how much should kids actually be getting paid these days?

And what kinds of jobs are reasonable to expect them to do?

I have a feeling my son would probably throw a $2 coin back at me if that's all I offered him.

So, with that in mind, I’ve taken a look at some pocket money guides, age-appropriate chore lists and different ways families are encouraging children to help around the house.

The aim isn’t just to keep kids busy — it’s to teach responsibility, build a strong work ethic and help them understand that rewards are often earned through effort.

After all, learning the value of money and contributing to the household are life lessons that can last well beyond childhood.

And in reality, no pocket money system survives the first week of a child discovering they can simply “forget” what day it is.

These are simply guidelines — every family is different, so it’s about finding what works best for you and your child when it comes to chores and pocket money.

Good luck.

Ages 3–5 (little helpers)

Focus: Learning routines, tidying, helping alongside adults

Chores:

Pocket money idea:

$1 to $3 per week (optional at this age — often more about praise and small rewards than regular payment).

Ages 6–8 (early responsibility)

Focus: Basic independence and simple household tasks

Chores:

Pocket money idea:

$3 to $7 per week.

Ages 9–11 (building habits)

Focus: Consistency and responsibility

Chores:

Pocket money idea:

$7 to $15 per week.

Ages 12–14 (pre-teens)

Focus: Independence and real-world responsibility

Chores:

Pocket money idea:

$15 to $30 per week (or task-based payment system).

Ages 15–17 (teenagers)

Focus: Life skills and preparation for work

Chores:

Pocket money idea:

$30+ per week, or shift toward earning from part-time work rather than set allowance.