January often sees children have more money in their pockets than usual, so we asked parents how they manage cash with kids
When children first come into money, where should you instruct them to store it? Photo: Getty.
Financially, being a teenager is an exciting time. You might have your first part-time job, or a bit of cash from babysitting. You’re likely to have your first experience of shopping, buying cinema tickets, or going for meals with friends.
Christmas, too, can be a prosperous time, as kind aunts and uncles and grandparents press crisp notes into small hands. For 2nd and 6th class students around the country, upcoming communions and confirmations may mean that their money cups doth runneth over for the first time. It begs the question: where should the money go?