Family affair for the finance savvy

Date: 20/03/2007 13:20

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It seems it is family first when it comes to finances, with new research suggesting over a third of Britons hold up their parents as their role-model for how to handle money.

According to YouGov research conducted for Scottish Widows, 38 per cent of over 2,000 respondents said their parents exerted the most positive influence over the way they deal with their finances, and for one fifth their mother is their own financial expert.

Helping their children to control their finances is another addition to the myriad tasks of a mother, and adds responsibility to lead by example with shrewd financial purchases such as house insurance.

"It seems that when it comes to money, mum really is the word. We all need positive role models in life so it's great that our mums are the people we look up to financially," said Mike Hoban of Scottish Widows.

Parents can instil shrewd habits in their children with InsureandGo's travel insurance, where insured adults' policies include up to three under 18s free.


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