How to help children use their Communion money wisely

THE annual First Holy Communion season is fast approaching and children are set to make a killing. With the average ‘donation’ from dutiful aunts, uncles and godparents hovering around €30, communicants can expect to trouser several hundred euro — doubtless bound to burn a hole in their pockets.
However, it doesn’t have to be that way, says Davy Group head of client engagement Marah Curtin. Having founded Cents for Kids, an initiative focused on building financial literacy in children, Curtin believes that a sense of fiscal prudence can be fostered in even the most profligate child; and First Holy Communion offers parents the ideal opportunity to teach their children the ‘financial facts of life.’