Tag Archives: money management

Help your child understand the value of money

It's never too early to learn about good finance tips

It’s never too early to learn about good finance tips

When it comes to personal finance, many Brits believe in starting young. Research from 2014 showed that nearly a quarter of parents give their three-year-olds pocket money – and nearly half of these lucky tots get up to £1 a week. By the time their kids reach 15, more than 90 per cent of parents provide an allowance, giving an average of £7 to £8 a week.

Well, that’s if they remember – nearly a third of parents said they sometimes forgot to dish out the pocket money and almost one in five confessed to rarely handing it over.

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