better money habits in the coming months. A survey by the Royal Mint in March, of more than 1,000 parents of children aged 10 and under, discovered that 78 per cent of parents want to make savvier money decisions over the coming year to benefit their child's future.
Nearly three-quarters (76%) of parents said the economic troubles of the past 12 months had made them realise the importance of saving for the future and two-thirds (62%) were looking for new ways to invest to support their children.
However, nearly a quarter (23%) of parents had not set up a savings account for their children.Some said they simply had not got round to it, while others needed to prioritise day-to-day expenses, or did not know how to go about investing.
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