Pocket Money for Children Rises For The First Time in 7 years report Trust Deed Scotland

Aug. 18, 2011 - PRLog -- Pocket money for 8 to 15-year-olds now averages £6.25 a week, a 6 per cent  increase in the previous year, however it is still less than the average £8.37 a week parents paid in 2003.

Trust Deed Scotland, a leading introducer of Trust Deeds in Scotland is keen to gather research on the education that Children in Scotland receive today in order to avoid future repeats of the current economic meltdown that Scotland has felt the brunt of.

A spokesman for the Glasgow based independent company advised “As an ethical company proving thousands of Scots with debt advice every year, we are aware that many of the people that we speak to found themselves in a difficult financial position through no fault of their own.

The next generation of Children in Scotland should in theory find it more difficult to get into financial difficulties through stricter credit control and sensible lending; however, perhaps the Scottish Government can look at ways to improve money managing skills at an academic level in order to reduce future repeats of the current situation.”

Children in Scotland now have greater tools at their disposal and are the first generation to grow up with the knowledge and benefit of price comparison websites, however with the increase in technology and instant transactions through mobile technology for example, perhaps this could lead to future generations being less focused on budgeting and inclined to get into a download now pay later mentality.

Scottish debt legislation includes processes known as Protected Trust Deeds and Debt Arrangement Schemes. These tools are designed to help people with current debt problems in Scotland. The numbers of people using these tools to clear their unsecured debts is increasing overall and it is estimated by Trust Deed Scotland that it will continue to maintain a similar pattern for the foreseeable future.

If you would like to discuss the content of this article and contribute your own opinion, you can reach Trust Deed Scotland on 0141 221 0999. If you are struggling with debt, you can also reach the independent Scottish owned and operated company on the same number or visit the website trustdeedscotland.net.

Alternatively, you can also seek advice from a registered money charity such as Citizen Advice Scotland or the Consumer Credit Counselling Service.

Any advice offered is offered in confidence, free of charge and without obligation.

http://www.youtube.com/watch?v=0TMiY2Vyywg



# # #

Trust Deed Scotland are an introducer of Trust Deeds in Scotland. The company website can be used to get free online quotes from providers with no setup fees.