Here’s our top tips to help your children learn the value of pocket money — plus find out how to book a bargain £9.50 break with The Sun

ARE your kids keen savers and know the value of their pocket money?

It was recently revealed that children received an average of £254 in pocket money last year.

Parents have shared their top tips for teaching kids the true value of money
Getty – Contributor

But recently I had an email from Jenni Smyth, 32, from Cardiff, who asked: “I want to teach my children the value of money because any pocket money they get, they just spend! Have Savers got any ideas?”

And here’s how you responded to her. . .

ANGIE HODSON, 60, from Cambridgeshire, says: “Tell them they can spend 50p on whatever they want and save 50p. It will soon add up at the end of the year.”

My tip: The half and half method is clever and if they did this weekly for three months, that would be £6 saved.

enter your code

EZRA VERNON, 43, from Rugeley, Staffs, says: “Let your kids choose an activity or item that costs a specific amount and encourage them to save until they have enough — plus add in bonus money for any extra jobs they can do.”

My tip: Help them work out how long it will take them to save and mark this on a calendar so they know the timing they have to work to.

SANDIE WRIGHT, 66, from Rotherham, says: “Open a savings account — kids will enjoy putting the money in and you can tell them that they can save up for a toy/game or premium bond.”

My tip: The HSBC MySavings account pays 3 per cent on balances up to £3,000. While that seems a long way off, teaching them about how the interest works could be more of an incentive to save.

PAUL NASH, 43, from Bridgend, in Mid Glamorgan, says: “My daughter is 10, she has £5 a week and if she wants sweets she has to use her pocket money, if she leaves clothes on the floor I take off 10p an item, 20p if she doesn’t make her bed or leave her bedroom light on, and if she plays up I take varied amounts. She wanted a laptop, she managed to save enough to by one in a year.”

My tip: I love this idea and it saves you some time and hassle in the long run. Go one further and get her to download the iAllowance app to track pocket money and write tasks.

Cheap treat

Save £1.10 on Morrisons Smoked Salmon
Save £1.10 on Morrisons Smoked Salmon

TUCK into Morrisons Smoked Salmon 120g. Was £3.60, now £2.50.

SAVE: £1.10

Deal of the day

This Daewoo 1.5L Manual Slow Cooker is now £8.99 at Robert Dyas

COOK up a storm with the Daewoo 1.5L Manual Slow Cooker from Robert Dyas. RRP £17.99, now £8.99.

SAVE: £9

READER'S SAVING TIP

FREDERICK ROBERTS, from Darlington, Co Durham, says:

“Don’t throw out your old pillows and cushions, they make kneeling pads for around the garden.”

  • Please send your savvy tips to sunsavers.co.uk/tips and you will get 28 codes worth £5 if one of yours is used. Include your name and town.

Top swap

The Velvet Quilted Cushion from Amara will set you back £47
Swap it for this one from The Original Factory Shop at just £8

ADD a touch of luxe with the Velvet Cushion from The Original Factory Shop, £8, instead of the Velvet Quilted Cushion, from Amara, £47.

SAVE: £39

MY SUN SAVERS FIVER

NAOMI STONEHAM, from King’s Lynn, Norfolk, says:

“I’m saving my Savers fivers to take my children and grandchildren on holiday next year.”

  • Please send your Savers fiver stories to sunsavers.co.uk/fivers and you will get 28 codes worth £5 if one of yours is used. Include your name and town.

Shop & save

Lizi’s Granola is now on offer at Waitrose to give you energy on those winter mornings
Lizi’s Granola is now on offer at Waitrose to give you energy on those winter mornings

TUCK into a bowl of Lizi’s Granola, on offer at Waitrose. RRP £3.69, now £3.

SAVE: 69p

How to book Hols from £9.50

All you need to do is collecting TEN Sun Savers codes or TEN tokens or codewords printed in The Sun. The next round starts in 2019 – between Saturday, January 5 and Tuesday, January 29.

If you’re collecting Sun Savers codes: ENTER YOUR CODES HERE

If you’re collecting tokens or codewords use the booking form or book online at thesun.co.uk/holidays

  • Price per person based on four sharing. Subject to availability. Terms and conditions and date restrictions apply. For full T&Cs see thesun.co.uk/holidays.

Play now to win £15,000 on the Sun Savers Raffle

Join thousands of readers taking part in the new Sun Savers Raffle.

Every Sun Savers code you enter will earn you a ticket for our £15k monthly Raffle. And for every ten tickets you collect in a calendar month, you get a GOLDEN TICKET for our £80k Raffle, which takes place every three months.

Join thousands of readers taking part in the new Sun Savers Raffle
Join thousands of readers taking part in the new Sun Savers Raffle

There is no limit to how many tickets you can collect. So the more you enter, the better your chances.

To take part go to sunsavers.co.uk or open the Sun Savers app. Then opt in to each month’s Raffle by clicking “Yes!” when prompted and start collecting the Sun Savers codes printed daily in the paper.

Every time you scan or enter a code into Sun Savers, you get a Raffle ticket in the £15k Raffle.

Not yet a Sun Savers member? Just go to sunsavers.co.uk or find “Sun Savers” in the app store to get started.

Fancy a free fiver?

YOU can get FREE cash with super Sun Savers just for buying your favourite paper.

Our brilliant new rewards club will pay back our most loyal readers.

Just pick up the paper each day to collect your Sun Savers codes and we will GIVE YOU £5 when you have ­collected 28.

This isn’t a one-off and there is no limit to how much cash you can save.

For every 28 codes you enter, we will give you a fiver. So over the course of a year, that could add up to £65.

We are keeping it super-simple. You don’t have to enter codes from consecutive days, so don’t worry if you forget a day or two.

Download our easy Sun Savers app and quickly scan your code using your smartphone. Or go online and enter your code at sunsavers.co.uk.

To get you on your way, join today and we will put a bonus £1 in your Sun Savers wallet tomorrow. And the good news doesn’t stop with free cash.

With Sun Savers, we give you the best hacks, deals and tips to save money every single day.

TO JOIN: Don’t worry, folks — joining takes just 30 seconds, in three steps.

https://www.thesun.co.uk/money/8255775/heres-our-top-tips-to-help-your-children-learn-the-value-of-pocket-money-plus-find-out-how-to-book-a-bargain-9-50-break-with-the-sun/