These tips can help your child to understand budgeting, saving and financial responsibility
More than half of parents pay an allowance from age eight, with only one in 10 believing it shouldn’t be paid at all. Photo: Getty
The new school year is a whirlwind of spending. Uniforms, books, trainers, plus the pesky art supplies, insurance and “voluntary” contributions.
By September, parents are reeling financially. But if children don’t understand how money works, you’ve got no chance of explaining why they can’t have a new football kit.
source