Teens spending pocket money online

A new survey has found the average teen between 12 and 15 receives almost €30 pocket money every month, with the majority being spent online.

 

The survey by Danske Bank also found that nine in 10 young teens and pre-teens shop online and that these purchases are taking place without assistance from parents.

 

While some of the teens save a portion of their pocket money, most of it is being spent on music downloads and books.

 

The research also found that the majority of secondary school children own a mobile phone, with €12 being the average spend on credit per month.

 

Danske Bank has launched www.controlyourmoney.ie to improve teens' knowledge of money and personal finance.