MP, I love that idea. There was a girl at my school who did a similar thing - got a larger amount of pocket money but had to buy all her own clothing with it. It is something I would consider when my kids are older.

When I was growing up I got $10 pocket money a week - but I had a single mother on a low income so I usually didn't bother asking for it. I usually had Christmas/Birthday money to keep me going and mum would happily give me some if I asked. I didn't have a social life so I didn't really need much and by the time I started doing things outside of school I had a holiday job.

I am a bit terrified of kids wanting phones/ipods/gadgets!! I got my first phone when I was 17 and moving out of home but I strongly suspect that kids start a lot earlier these day.