Tesco Bank advises children to learn good financial habits

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Tesco Bank advises children to learn good financial habits

Tesco Bank has informed parents that it is beneficial for their offspring to learn how to manage money at an early age.

Jeremy Sutton, head of the savings division at the organisation, made his comments following research by the company which indicated that 51 per cent of kids believe they will be millionaires when they are older.

However, in another part of the survey Tesco reported that children were perceptive in realising that their parents had to save money for holidays, home improvements and new cars.

Mr Sutton noted how confident the children are about their finances in the future as well as their family's current situation.

He said: "While their future ambitions may seem unrealistic, it is impressive to see how well even very young children understand what their parents are saving for."

Tesco Personal Finance announced that it was changing its name on October 6th and is now known as Tesco Bank.

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