That’s where pocket money comes in. Just a couple of pounds a week can give little ones the practice in budgeting and saving that they need to start off with, whereas encouraging a weekend job goes that little bit further, offering independence that pocket money simply can’t provide. Get started today by setting up a Little Saver account, but don’t forget to bear in mind your own bank balance before dishing out a lump sum that you can’t afford. This infographic from Newcastle Building Society expresses the importance of financially independent children ensuring you stay away from common footfalls.
