LV= says parents should encourage saving by Finance News Bulletin
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Published: 02/01/08
Parents looking to educate their children on individual finance should give confidence them to contribute to a saving account, it has been suggestedLucy Pope, media family members manager for mutual society Liverpool Victoria (LV=), said opening a savings account for a youngster would help to educate them on the importance of the value of money and saving for the future"I believe actually being able to see their money grow and belongings like that is a really pleasant way of bringing it all to life," she supposedModern technology and online savings accounts could help this process by enabling them to become "more know-how" about personal finance organization, Ms Pope of LV= indicatedHer comments approach as LV= has published its annual Cost of a Child review, which estimated the cost of raising a child to the age of 21 as around £186,000
With the cost of raising a child ongoing to rise, parents made aware of the issue are likely to want to teach their
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