Smart spending for kids
The smarter you save, the bigger you can spend
You know the expression, ‘money doesn’t grow on trees’. Everybody loves spending but we all know the feeling of wishing we hadn’t bought something, just because we had cash in our hands at the time. Learn that spending smarter starts with thinking smarter.
- Get into the habit - Open a savings account and then put any money you get into it: gifts from your family; a paper round; getting your parents to pay pocket money directly in, whatever. It will soon add up to a lump sum for something you thought you'd never be able to afford.
- Be a savvy shopper - Shop around for offers, but watch out for the ones that seem too good to be true – they will be! If you’re unsure, ask a parent to double check. Look out for hidden costs when buying online - like postage - as these are not always included in the original price. Shopping online is mostly safe, but this is an area where you need to be smart and stay vigilant - visit our online security section to find out more.
- Stay in control - These days, you can pay using debit or credit cards, PayPal, and apps like Apple Pay. As these ways of paying don’t physically affect what’s in your pocket, it can be easy to forget how much you’ve actually spent. Our Mobile Banking app can help - regularly signing in to check your balance and transactions can help you track your spend more easily and securely on the move. Please note, in using this app, the same restrictions apply as your online banking service. Find out more about Mobile Banking.