Pocket Money Index has revealed stats about how much money children have to spend on toys.
The average child earns £3.81 in pocket money per week, and only spends a modest 20 per cent of their income each week, with the rest being saved, claims a survey by Roosterbank.com.
£1.22 is the typical weekly award made to a three year old.
The pocket money paydays of choice are Saturday (48 per cent) followed by Friday (24 per cent). Only one per cent of parents choose to pay out on a Wednesday or Thursday.
A child's tooth earned them an average of £1.70 during the first quarter of 2013, around half of the typical pocket money award given for helping in the garden.
The average child banked £23.45 in Christmas cash, £26.39 for birthdays and £8.24 for a good school report.
Singing came out on top as the musical achievement most likely to earn pocket money, at £1.33 on average per child.
