![]() The more confident that parents are about managing their money, the more likely they are to talk to their children than those who are not confident with money (58% vs 33%). Yet research by the Money and Pensions Service (MaPS) found that less than half (46%) of parents talk openly with their children about money. ![]() There is growing recognition that the earlier our children start to learn good money habits, the more financially capable they will become as adults. Is there a right age for them to start getting pocket money? Is there a right amount? Will they spend or save it wisely? As a parent, however, the idea of giving your own child pocket money can bring a new set of dilemmas and worries. Most of us remember the excitement of receiving pocket money as a child – the sound it made as it dropped through the slot into your moneybox, and then the thrill of deciding how to spend it. ![]()
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