UK Boys, Learning to Save Money
August 11th, 2007 by Faisal
Halifax’s annual pocket money survey has revealed that kids in UK are getting rather adroit than their adult counterparts when it comes to saving money. Particularly boys, who are showing an increased bent towards managing their savings in the best possible manner than the girls.
Mike Regnier, head of savings at Halifax, said “It is great to see that children have a positive attitude towards saving and are starting to get into the savings habit at a very young age.”
Going by the figures, 64 per cent of boys save more money than they spend, compared with 52 per cent of girls.
It is indeed worth appreciating that the efforts of inculcating the habit of saving on the part of parents are finally showing its effects.
But, this is just half the battle won, the next step should be to tell the kids to put the savings to the best of use rather than spending it either on expensive toys or going for parties. Rather, they should be encouraged to invest the savings in a proper channel and bring gains out of it.
[Source:ilovemybaby]
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