Survey finds parents' spending on communions is going up

Survey finds parents' spending on communions is going up

Parents are spending more money on their child's communion each year, according to a new survey conducted by Ulster Bank.

The survey found that, on average, parents spend more than €860 on the event.

The survey also found that children are less likely to save the money they receive, with the numbers dropping from 90% in 2016 to 77% this year.

Elizabeth Arnett, head of corporate affairs with Ulster Bank, says that while it is good for children to enjoy the money, the habit of saving is just as important.

She said: "Most parents have a conversation with children about what they should do with their communion money, or if they get a large amount of birthday money, at this early point in a child's life.

"It's an opportunity to say 'look, it's a party, a celebration and you can spend some money on nice things, but it's also important to look after that money'."

More in this Section

Limerick people 'grossly insulted' by Micheál Martin's ministerial choices - Willie O'DeaLimerick people 'grossly insulted' by Micheál Martin's ministerial choices - Willie O'Dea

Politicians should ‘lead by example’, says Leo VaradkarPoliticians should ‘lead by example’, says Leo Varadkar

Sentence for teen who attempted to murder woman he met on dating app too lenient, court declaresSentence for teen who attempted to murder woman he met on dating app too lenient, court declares

Johnson and Sturgeon governments clash over air bridgesJohnson and Sturgeon governments clash over air bridges


Lifestyle

Tom Breathnach hails the beginning of Ireland’s 2020 staycation season.Fáilte Ireland: Land of a thousand welcomes once again

It is the fourth of May, 2007. I am coming home from work, tired and scrolling through images of Trapani, Sicily - our holiday destination in a few weeks. Nothing remarkable about the journey, until I read the story of a missing girl in Praia De Luz, Portugal.Learning Points: Give Madeleine McCann's family the space to put their lives back together

Happy 4th of July! The U.S.A. is waking up this morning to its annual star-spangled birthday, but as national celebrations go, you can expect a little less sparkle in the fireworks this summer. 2020 has been a torrid time for the nation; a pandemic, a racial awakening… a Trump presidency.What happens when America's borders reopen again? Our travel expert gets the lowdown

Des O'Driscoll has your telly picks for tonight.Thursday's TV Highlights: Summer at Seven looks at the lives of young people emerging from lockdown

More From The Irish Examiner