60 percent of parents favor fixed deposits to reserve their youngsters' future educational requirements, as per a survey by ING ZING. The overview saw that 60% of respondents prefer to invest in fixed deposits. More than 1,000 folks took an interest in a survey online over a 3 months' time span.
Reserve funds account
The overview highlighted the way that over 70 percent accept that saving cash is an essential aptitude to be taught to their kids. An alternate finding found that folks accept that giving the responsibility of cash deposits in a saving funds account enhances the maturity in the child.
The overview additionally brought up that the idea of "pocket cash" was redefined as it was cash that youngsters accumulate from various sources, principally folks. More than 50 percent of the folks like to give their children pocket cash provided they got a certain grade or mark.