23/04/2010 00:20 BST | Updated 22/05/2015 10:12 BST

Pocket Money Or Phone Credit?

New research has revealed that parents are now more likely to give their children phone credit than pocket money.

The research, which was admittedly carried out by a leading mobile comparison website, showed that 67 of the 2,276 parents with children aged 8-16 who took part in the survey admitted to paying a monthly contract for their kid's mobile phone.

More surprising was the number of parents with children aged 8-10, 36 saying they want to make sure they can contact them at all times.11% of parents also claim that they prefer to give their children phone credit over pocket money, as they're concerned what they may buy with the money.

Personally, I think it's a great lesson for children to learn how to save up and budget for the month ahead. A top up is also significantly more than the average amount of pocket money, which means a lot of parents are probably forking out far more now.

What do you think about this new trend? Do you give your children phone credit instead of pocket money?

Source: RightMobilePhone