Money Scottish children 'most likely to save money in piggy bank'

17:35  20 april  2017
17:35  20 april  2017 Source:   Press Association

Revealed: Hundreds of council staff making over £150,000 despite massive cuts

  Revealed: Hundreds of council staff making over £150,000 despite massive cuts Former chief executive of Sunderland Council received a total remuneration package of £625,570.The findings are part of the pressure group's Town Hall Rich List 2017, which comes as voters are facing significant hikes in their council tax bills and local authorities are being hit with budget cuts.

- Children in Scotland are the most likely in Britain to save money in a traditional piggy bank , research has found. Giles Martin, head of savings at Halifax, said piggy banks remain a "favourite" savings tool for children .

Children in Scotland are the most likely in Britain to save money in a traditional piggy bank , research has found.

Childwise survey© PA WIRE Childwise survey

Children in Scotland are the most likely in Britain to save money in a traditional piggy bank, research has found.

Popular Searches

Samsung Electronics Co Ltd

SMSN

Jennifer Garner officially files for divorce from Ben Affleck

  Jennifer Garner officially files for divorce from Ben Affleck Almost two years after Jennifer Garner and Ben Affleck announced that they had separated, the former couple is now officially getting divorced. On April 13, Jen officially filed court documents. The divorce, TMZ said, is incredibly amicable.

Plus some more modern Piggy Banks and money boxes and how to encourage children to use them. We will now look at a how a simple piggy bank or money box can help to save you money .

Interesting fact, huh, but no good explaining how to save money in a piggy bank . Also, it is often stated that people are more likely to spend money if it is in loose change. Therefore, by taking out no loose change, it means that she has to “break a note” for a purchase.

888.50
-13.00
-1.44%

A survey of eight to 15-year-olds has found that despite being born in the digital age, four-fifths (80%) of children still keep money in a traditional piggy bank or money box.

Young people in Scotland are the most likely to do so, with 87% saying they have piggy bank savings.

This savings method was also particularly popular in the North East of England and Yorkshire and the Humber, where 84% of children surveyed use a piggy bank, the research from Halifax found.

Children living in the South East of England and East Anglia were found to be the least likely to use a piggy bank, with 75% of youngsters surveyed there using one.

Giles Martin, head of savings at Halifax, said piggy banks remain a "favourite" savings tool for children.

He said: "Whatever the method, encouraging children to regularly put aside a little pocket money is a great way for adults to teach kids about the value of saving."

More than 1,200 children aged between eight and 15 years old took part in the survey.

Here are the percentages of children across Britain who save in a piggy bank, according to Halifax:

:: Scotland, 87%

:: North East of England and Yorkshire and the Humber, 84%

:: North West of England, 79%

:: East and West Midlands, 83%

:: South East of England/East Anglia, 75%

:: London, 79%

:: Wales/South West of England, 78%

Major cyber criminals target Trinity College and steal 'substantial' amount of money .
A criminal investigation has been launched after bank accounts belonging to the Trinity Foundation were targeted by cyber criminals. Trinity Foundation, the fundraising organisation of Trinity College Dublin, had a "substantial" amount of money stolen from its accounts following a major computer-based scam.The crime was reportedly discovered after police in the UK raised concerns with Bank of Ireland over a number of suspicious transactions connected to the Trinity Foundation.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!