Aussies Parents' Guide to Pocket Money

Children and pocket money are the source of a lot of debate between parents. How much should you give them?

Children and pocket money are the source of a lot of debate between parents. How much should you give them? What will they spend it on? Do they need to do chores to get said money? And does any of this change with age? All this and much more was asked of more than 1,300 Aussie parents by Heritage to see just how pocket money is allocated and used among families, represented visually below.

 

Aussie parents' guide to pocket money

Saving habits are easier to keep when you start young. If, as a parent, you are unsure how to encourage your child to save and spend wisely, consider our guide to pocket money, with everything from the average amount children receive each week to how it is earned and spent. For more advice or to discuss opening a savings account for your child, visit your local Heritage branch to talk about children and responsible spending.

Share this great info

Embed this infographic on your site using the html below

 
Share this

How much do Aussie families spend on back to school costs?

Research conducted by Heritage Bank shows 60% of school parents admit to feeling stressed in the lead up to the school year due to the costs associated.
Learn more

How to save on back to school costs

Back to school shopping is back. Here's some simple tips to help prepare for and save on your back to school costs.
Learn more

How to avoid paying credit card interest and late fees

Credit cards can be incredibly useful, but it's important to understand how to avoid any extra fees and interest charges to make the most of them. Read our top tips on how to avoid paying interest or late fees.
Learn more

Guide to surviving the Boxing Day sales

Learn more

10 top budgeting tips

Budgeting effectively is a great way to help improve you financial position. Check out this handy infographic for 10 of the best budgeting tips. 
Learn more

Switching behaviour in Australia

To shed some light on the topic, we teamed up with the University of Technology Sydney to carry out an Australia-wide study on switching.
Learn more

The Aussie guide to pocket money

Aussie kids are earning more than ever in 2015. Find out how families are handling pocket money in their households via our handy infographic.
Learn more

Home and Personal Loan Redraw

We explain how redraw works and how you can access your extra loan repayments with Heritage.
Learn more

7 steps to reviewing your budget

Reviewing and setting out a budget can feel overwhelming. Here's 7 steps to help review (or create) your budget from home.
Learn more

How To Give and Receive Money Internationally

Send and receive money to and from overseas with our range of secure international payment services.
Learn more

Get more out of your credit card's interest free period

By understanding your credit card's interest free period you can make sure your card (and money) is working for you in the best way possible.
Learn more

How to choose the best savings account for you

Saving throughout your lifetime is important, so making sure you have the right account is key.
Learn more

Ten healthy, kid-friendly meals for under $10

Healthy, cheap and kid-friendly is the holy grail of family cooking. Here are 10 favourites to tick all those boxes.
Learn more

Why saving at a young age is important

By saving money at a young age, kids are able to put aside funds that may help them in the future, and gradually add up to a significant amount.
Learn more

Top 10 everyday money saving tips

Do you buy a coffee every day? Treat yourself to lunch every Friday? By cutting back on small spends throughout your week and even day can save a significant amount of money in a year.
Learn more

What is a customer-owned bank?

The customer-owned model focuses on delivering great value to customers, not on profits for shareholders.
Learn more

Baby budget planner

Planning for a baby is never an easy task. You can ease the financial burden, however, with the help of this handy budget planner!
Learn more

Could a personal loan fund your degree?

Learn more

Things To Consider Before Moving Out Of Home

Moving out of home for the first time is extremely exciting but there are some things to consider. 
Learn more

Cheap Gift Ideas For Any Occasion

Giving a thoughtful gift to your loved ones is incredibly important, but it can add up. Discover these cheap gift ideas for any occasion. 
Learn more

How to create a weekly budget

If you’re trying to save money, budgeting is a great first step. By setting out a weekly budget and prioritising your spends, your savings will increase without realising.
Learn more

How to improve your debt situation

From reviewing your budget to keeping an eye on interest rates and talking to your lenders, here's 6 ways to help you improve your debt situation.
Learn more

How far do Aussies go to save a dollar?

From reusing teabags to saving the sauce from fast food restaurants, we’ve uncovered some surprising tricks Aussies use to save a dollar.
Learn more

5 ways to feed the family on a budget this Christmas

Christmas can be an expensive time of the year, but when it comes to food it doesn't have to be. Feed the family on a budget this Christmas with these 5 affordable recipes.
Learn more

How to save without trying

Saving money doesn’t have to be hard. With these tips, you could be saving almost $20,000 a year!
Learn more

How to sell secondhand stuff online

Interested in making a bit of cash? Follow our easy 4-step-guide to selling stuff online to declutter your home and make some coin while you're at it.
Learn more

How to shop online safely

Here's five things to consider before making an online purchase.
Learn more

How to teach kids the difference between needs and wants

Teaching children the difference between needs and wants can be challenging. Psychologist and mum, Ellen Jackson, shares 4 strategies to help you explain this challenging and important topic with your kids.
Learn more

Mobile apps to help you become a better budgeter

Wanting to take your budgeting and financial accountability to the next level? Here's some of the best budgeting apps on the market.
Learn more

Save money with a financial health check

Doing a health check on your expenditure is a great way to find savings. Here's a list of financial and service products to check.

Learn more

Save money for next Christmas now

Are you Nursing a hangover from all the costs of Christmas? By saving for next Christmas now you could help ease the pressure when it comes to all of the costs that come with the festive season.
Learn more

3 things to do when you start a new job

If you're gearing up to start a new job there's a number of things you'll need to do to prepare. Here's 3 things to look at from a financial perspective.
Learn more

7 ways to save for your next holiday

Saving up for a well deserved holiday can take time. Read our list of the seven small changes you can make to your everyday spending to get away sooner.
Learn more

Top 6 Christmas saving tips From Pinterest

Christmas can be an expensive time. While it is easy to get caught up in the festive feeling, it is also important you come into the new year without the stress of debts piling up from the holiday season.
Learn more

4 cheap and healthy school lunch ideas

School is about to start which means it's time to think about those back to school lunches. We've put together a list of healthy school lunches for your kids to enjoy.
Learn more

3 ways to make back to school shopping easier

Between school uniforms, stationery, sporting equipment and instruments it can be an expensive and busy time for many people. Here's 3 ways to make back to school shopping easier.
Learn more

Aussies Parents' Guide to Pocket Money

Children and pocket money are the source of a lot of debate between parents. How much should you give them?
Learn more

Six of the best winter recipes under $4 per serve

Have you found yourself spending a little more money this winter? Dinner time could just be the opportunity for you to straighten out your weekly spend.
Learn more

Cheap and fun Easter holiday activities

Between activities, entertainment, and trips away, the cost of school holidays can quickly add up. Here's 3 cheap and fun activities to try these school holidays.
Learn more

5 ways to celebrate Christmas on a budget

Between parties, family gatherings, food, presents, travel and other festive activities, the amount you spend can creep up on you easily over Christmas – something many people can find stressful once it’s all said and done. Here's 5 easy ways to celebrate Christmas on a budget.
Learn more

3 easy steps to get financially fit

Looking at improving your financial health? Here's 3 easy things to consider doing.
Learn more

Tax return tips

Many people are already planning what they'll do with their tax refund money. Shopping? Holiday? Bills? We've spoken to a couple of experts and thought we'd share a few ways to help you either save those funds wisely, or get the most out of your shopping spree.
Learn more

Are you a savvy saver: take our quiz

Being a savvy saver can reduce your stress in many ways, from eliminating the risk of having bad credit to giving you the peace of mind of knowing you are prepared for a rainy day.
Learn more

Christmas money saving tips

From rebranding Christmas cake to revising your budget - we've found the best cash saving tips this festive season
Learn more

Mowing lawns for money

If you're old enough and your parents agree, mowing lawns for your neighbours might be a great way to earn some extra pocket money.
Learn more

3 Things to Help Buy Your First Home Sooner

Buying your first home can be a great challenge. Here's 3 things to help get you into your first property sooner.
Learn more