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Pocket cash operations7/11/2023 Rachel, Starling’s Brand & Marketing Director, also reports how differently her three sons manage their money, despite receiving an equal financial education at home. But this can limit his understanding of what things cost in the real world in comparison to his sons and daughters who spend more frequently. He talks of the pride he feels seeing his son take such a responsible approach to saving. “I have a son who’s a real saver – he’s probably got more saved up than me!” Tom says. Tom’s children are given autonomy over their pocket money – something he believes is important for their money management skills – meaning that he sees his children take lots of different approaches to it. Organising pocket money is a complex operation for their household, with children up to the age of 18 receiving weekly pocket money payments that are tailored to their age bracket. Gabrielle Olya, Paul Sisolak and Ruth Sarreal contributed to the reporting for this article.ĭisclaimer: Information is accurate as of Februand is subject to change.“My wife and I have eight children, from 21 years old to a one month-old” says Tom, a fraud investigator at Starling Bank.
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