Mothers give more pocket money to kids than dads, according to a study of over one lakh parents.
Mothers play a vital role in teaching money management lessons to kids and establishing a firm financial foundation for them.
The study shows that children majorly spend their pocket money on utility payments such as mobile recharge, fuel bills, cab rides, food bills, etc.
Commenting on the findings of the study, Ankit Gera, Co-Founder of Junio, said, “Mothers are taking a lead role in teaching kids financial discipline.
”Saving for a rainy day is an essential part of parenting, and parents can empower the next generation by teaching them the value of money at an early age.