With schools about to start their summer break soon, many parents are preparing for the added expenses that come with keeping children entertained for six weeks. The school holidays can quickly become a costly period for families due to activities like cinema trips, outings with friends, treats, and shopping sprees. It is more important than ever to find ways to reduce costs for families.
Recent statistics indicate that British children are currently receiving an average of nearly £10 per week in pocket money. This has sparked discussions on whether children should receive additional spending money during the summer vacation. Analysis from the children’s money app GoHenry reveals that children aged seven to 18 are receiving an average of £9.90 weekly, based on data from over 600,000 youngsters throughout the UK.
The data shows regional disparities in pocket money amounts. Children in the South East receive the highest average payments at £12.88 per week, while those in the East of England receive the lowest at £8.57. Despite ongoing financial pressures on households, pocket money payments have seen a slight increase of 1.2% compared to the same period in 2025.
Additionally, the data suggests that many children are developing good saving habits, setting aside an average of £3.93 weekly. Louise Hill, the founder of GoHenry, noted that despite the cost of living rising, children are consistently saving money, making it a routine practice for them.
As families approach the summer holidays, the debate continues on whether children should receive extra spending money when they are out more frequently. Some view pocket money as a valuable tool for teaching children about budgeting and financial decision-making, while others believe that children should earn extra money through chores and responsibilities at home. With many families feeling financial strain from increased food expenses, rising costs, and expensive summer activities, some argue that children should learn to manage their existing pocket money more effectively.
The discussion around children’s summer spending habits comes amidst a season where families are carefully planning their finances. The summer holidays can strain household budgets with higher costs for childcare, activities, and food while children are at home. Some parents find it unrealistic to increase pocket money this year, while others see it as an opportunity for children to learn critical financial skills.
While the amounts of pocket money may seem modest, they reflect a broader conversation happening in households across the UK as summer draws near. The question remains: should children receive extra spending money during the holidays, or is learning to manage a weekly allowance part of their growth and development? Share your thoughts on whether your children will be receiving extra spending money this summer in the comments below.
