Blackpool Council have proudly announced they are giving each September 2014 Year 7 Child £10 to deposit with Blackpool and Fylde Credit Union.
Are you thinking what I'm thinking. (I might soon start a blog "Stupid Things My Council Does")
I really don't know the ins and outs of it, but I think the gist is to show them that they can actually save it rather than buy 10 bottles of cheap energy drink.
So anyway, I figure school aren't going to teach the boys about financial matters so I'll take the matter into my own hands. I tackled the handwriting problem - I can do this!
My 12 year old is either attached to a wireless device or out. Both have their costs but the Out usually entails £5 on the way out for drinks and dinner (I mean lunch, I'm northern!) 17 days off school would equate to £85. To me that's a weekly shop, not a load of pasties and lucozade.
So, on the Friday they break up, I will be giving the boy £40 to do with whatever he wishes. I shall also be asking for a daily run down to chart what he spends his money on. I then propose to equate this to things he would want to buy or do. i.e. New Xbox game or a load of pop or A day at the Waterpark, 2 trips to the cinema and a couple of bowling sessions.
I shall be tweeting the previous day's expenditure so if you are interested in the spending habits of a 12 year old in a seaside town, my twitter feed is @Claire_Sheehan
Play along in the comments! I'd love to know if all boys are the same and if other children do actually value money.