Teaching children about money from an early age can help set them up for a better financial future. As part of this, it’s important to consider what to do with any money your child earns or is gifted by friends and family over the years.
There are several different options you can explore. If your child is fairly young, you might want to use a pocket money app, so that you can keep an eye on your child’s spending. On the other hand, if your child is older, you might prefer to give them more independence and look for the best bank accounts for kids. Then there's also savings accounts, Junior ISAs, pensions and the pros and cons of pocket money to consider.
