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SBS On the Money: How much pocket money should kids get?

On the Money - pink piggy bank, savings, generic, money.jpg
Source: SBS News

Family finance startup Spriggy says 7 years old are receiving on average, $6.50 per week as pocket money, while 14 year olds are getting $12.05. Is this too much, or too little, and what is the value of pocket money? SBS Finance Editor Ricardo Gonçalves speaks with Spriggy Product Manager Ailice Brennan for more, plus the day on the market with Niv Dagan from Peak Asset Management.


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By Ricardo Gonçalves

Source: SBS News



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Family finance startup Spriggy says 7 years old are receiving on average, $6.50 per week as pocket money, while 14 year olds are getting $12.05. Is this too much, or too little, and what is the value of pocket money? SBS Finance Editor Ricardo Gonçalves speaks with Spriggy Product Manager Ailice Brennan for more, plus the day on the market with Niv Dagan from Peak Asset Management.



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