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Thrifty Tuesday: If you want your kids to save their money, they need to EARN it

Have pocket money, won’t save


Children who are given pocket money become poor savers, according to research which casts doubt on the wisdom of parental generosity, at least in terms of shaping a youngster's financial rectitude.

Academics asked children about their income and outgoings, and found that those who were given a weekly sum free by their parents were less likely than those with a part-time job to put money aside.

The ability to save - or nor - tended to remain the same in early adulthood, the researchers found.



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04/30/2013 8:18AM
Thrifty Tuesday: If you want your kids to save their money, they need to EARN it!
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