Insights

Quoted!

Portafina in the press...

“Like it or not, a level of financial security can be the difference between opportunity and worry for children as they become adults. That’s why learning to respect and appreciate money from an early age is vital and, to my mind, should be an essential part of any education programme in the UK. Even though it can be hard for a parent to say no to a child who wants something, the positive impact of learning the value of saving far outweighs that momentary pain…for both the child and the parents! If we want our children to be financially mature and responsible when they’re older, then we need to be open and honest about money with them from an early age.”

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“The most important thing when it comes to managing money when you are a student is to have a budget plan. Knowing what bills you have and knowing what money is going out of your account will really help you know what you can and cannot spend. Checking your banking app regularly is a good way of doing this. If you don’t know, you’re more likely to spend what’s in your account until your balance hits zero. If another bill goes out after that, it will bounce, and you could get hit with a penalty charge of some sort. So, getting into the habit of budget planning is key before you begin university life.”

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