Children are becoming mini money-saving experts, to the extent of returning pocket money to help their cash-strapped parents.
One in five 12-to-18 year olds has offered to forego their pocket money, while a third have requested more “modest” Christmas and birthday gifts, according to the new Asda Mumdex survey.
The survey interviewed 5,500 mothers and 500 children. It also reveals that two-thirds of kids are actively helping parents to save money, for example by pointing out special offers in supermarkets.
Of the surveyed mums, three-quarters consider finance and budgeting to be the most important skill needed by kids to lead happy and successful lives.