Are you good with money? Do you get pocket money from your parents or do you work to make money? Read on to find out about British teenagers and their money!
Pocket money
Most teenagers in Britain receive pocket money from their parents. They might have to do some housework to get pocket money, including cleaning, cooking, washing dishes and so on.
Part-time work
A part-time job is a choice for teenagers who don't have pocket money or who want to get extra money. About 15% teenagers have a job. Only children over the age of 13 can work. Popular part-time jobs for teens include babysitting, delivering (递送) newspapers, restaurant work and shop work. Children in Britain can work two hours a day at the most on a school day but not during school hours. During weekends and school holidays, they can work longer hours.
Bank accounts (账户)
Some children and teenagers have a bank account. There is no age limit at which you can open a bank account, but a bank manager can decide whether to open an account for a child or a young person. Parents can put pocket money directly into their child's bank account. Most banks have a prepaid bank card designed for young people.
Mobile apps
Many companies have made mobile apps for children, including GoHenry, Osper and Gimi. Parents can add money to their children's accounts and check to see how the money is spent. Children can choose to save their money or spend it using a card. The apps suggest that kids from 8 to 13 can use the cards.
So, many teenagers are getting experience working part-time, dealing with banks and deciding whether to save or spend their money. These are all steps towards becoming a financially independent (经济独立的) person and making and looking after your own money.
