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Last Updated: Tuesday February 24 2009 10:57 GMT

Are you clever with your cash?

Gavin chats to kids about what they like splashing their cash on

You're loads better with your money than your parents were when they were your age.

That's what a study of kids spending reckons, and it's all down to things like voting on reality TV shows, buying ringtones and shopping online.

So is the study right? Are you red-hot when it comes to keeping an eye on your pennies, or is money a mystery?

Do you earn extra pocket money by doing jobs around the house?

Have you ever borrowed your parents' debit cards to pay for things online?

However you deal with cash, we want to know?

Unfortunately this topic is now closed but there are Comments pages on other subjects on the main Chat index.

Your comments

"I buy magazines and DVDs."

Thomas, 11, Merseyside, England

"Yes, I put it straight into my bank account."

Liam, 12, Morpeth, England

"I get pocket money once a week but earn extra money by doing jobs such as cleaning the car and washing up. I don't spend my money all at once, I save up. At the moment I am saving up for a game for my Wii."

Isabella, 11, London, England

"I get pocket money every week if I'm good and I also earn money. I used to spend all my money at once but after Christmas I made a huge mistake. I bought something and then played with it and then realised I didn't want it. We had already opened it so we couldn't give it back and then we had to sell it for less than we got it. So now I am way more careful with my money. I do use my money to buy other people things or presents a lot of the time though!!"

Ellie, 9, Hinchley, England

"I do things around the house and get pocket money. However I do save up but sometimes I spend a bit."

Lucy, 11, London, England

"I always save my money while my younger brother spends his as soon as he gets it! "

Rose, 11, Manchester, England

"Money burns a hole in my pocket!!"

Chloe, 10, Cornwall, England

"I'm not good with money - I spend it straight away."

Beth, 10, Cardiff, Wales

"I LOVE SHOPPING! I get monthly pocket money but I never save it! I do use it to buy presents and stuff but I always rely on my mum and dad to give me more when mine runs out!"

Ellie, 11, East Yorkshire, England

"I always say I'm going to save my money and I never do."

Lizzi, 10, London, England

"My parents always teach me to be clever with my cash! I try to save my money so I don't go broke."

Luna, 11, Houston, America

"I get 2.50 a week, which I save. When I go shopping my mum pays for what I want. I save my pocket money and other money I get for my birthday and cultural celebrations."

Zed, 13, Birmingham, England

"I always save!! But this is because I live abroad in Africa currently and you can't spend much on the things I would buy in the UK, so I save it until I go to the UK for my holiday then I go shopping!!"

Bea, 12, Africa

"I'm good with saving money. I save up for new games and cool stuff instead of spending it all on sweets, like my sister!"

Ieuan, 11, Aberystwyth, Wales

"I'm terrible with money, every time I get some I spend it instantly on Lego."

William, 10, Surrey, England

"I'm good with my money - I once saved up until I had 70!"

Bella, 8, Lincolnshire, England

"Well, I get 10 every week for my lunch at school and sometimes if I am saving up for something I just come home for dinner."

Adam, 13, Newcastle, England

"I save as much as possible and I have a huge stash of money in my money box."

Nina, 11, Buckinghamshire, England

"I'm a SHOPAHOLIC! Nowadays things are so expensive because of all the designer clothes you've got to get your hands on."

Mariam, 13, Leicester, England

"I think that I spend my money wisely because I always check with my parents before buying something, to see if they think it's worth it or not."

Isabel, 11, Aberdeen, Scotland

"I'm not very good with money. Even though I get 10 a month I always rely on my mum and dad to give me money when mine is gone!"

Hannah, 12, Bristol, England

"I save money by giving it to my mum and she puts it in my piggy bank on the top shelf so my brother won't get it!!"

Daisy, 8, Sussex, England

"I am quite clever with cash because I save my money but then again, I only get money at my birthday and Christmas."

Rachel, 12, Essex, England

"I'm not very clever with money. I get 30 a month and over half of it is spent rather than saved!"

Zoe, 10, Lincolnshire, England

"I don't think that kids are careful with their money."

Megan, 12, Hampshire, England

"I am clever with cash because I only tend to buy things that I really need!"

Vicki, 9 , London, England

"I always say I'm not going to spend my money- but I always do!"

Lizzi, 11, London, England

"I am good with money because I put half the money I get in a bank so when I go on holiday or want something expensive I can afford it."

Rhianne, 14, Surrey, England

"I think that saving is the best thing to do with your money."

Jennifer, 11, Manchester, UK

"I'm not clever with money, because if I see something I like I just buy it - then all my money is gone!

Lauren, 12, Ireland

"I'm hopeless at saving! My parents got me a card when I was younger, so I just use that and they pay for it!"

Sandi, 12, Los Angeles, USA

"All my money goes into my university fund. So far I have got 1,000!!"

Taylor, 14, London, England

"I think I am better than most of my family with my money."

Rhianna, 10, Lincolnshire, England

"I have an under 16s savings account and I have nearly 300. I will put it towards a car or something when I get older."

Lisa, 13, Gateshead, England

"My parents never give me money - but if they did, I would save it."

Jordan, 12, Newcastle, England

"At first I save up all my money but then I just go and spend it all on something like a game or rings and earrings."

Sarah, 10, London, England

"When I save up money, I always tell myself not to spend it but in the end I do. I buy clothes, sweets, cinema tickets and stuff like that."

Hinna, 12, Woking, England

"I've saved up all my money for six months and I've got about 150. I'm going to spend it on clothes, shoes, cinema tickets and games for my Nintendo DS."

Iman, 11, England

"I only get money on birthdays and special occasions and when I do get it, it goes straight into my account."

Hannah, 9, Croydon, England

"I save up my money, but sometimes when I want to go out with my friends I have to use it."

Sarah, 14, Luton, England

"I don't get pocket money so when I do get money I put half in the bank and I give half to my parents."

Isabel, 10, Neath, Wales

"I spend my money on clothes and sweets and every other month I save up to buy more valuable stuff. I've got a Nintendo DS Lite and I am going halves on an iPod Nano for my tenth birthday."

Lily, 9, Sheffield, England

"When me and my friend were in town we spent our money on cheese pasties and a drink and we still had 4 left."

Georgia, 12, Northumberland

"I get 5 pocket money a week. I spend 2 of it on a magazine once a month and I save the rest."

Bridie, 12, Scotland

"I think I'm good with money because I joined this savings plan at school and I've saved around 60."

Michelle, 11, Donegal, Ireland

"I am smart with my dosh - I don't waste it and I'll save it until I'm older and then I'll spend it."

Mike, 10, Blackpool, England

"I'm saving up for a Nintendo Wii but I usually spend my pocket money on cards and stickers."

Matthew, 11, Newport, Wales

"I'm saving up for a drum-kit so I'm not spending any money at the moment."

Conor, 10, Hertfordshire, England

"I get more than 30 a month and I am very responsible. If I want to buy something online I use my mum's account and I get it for free because my mum doesn't mind. My mum does get angry if I don't ask permission before I buy though."

Rizwan, 13, Lancashire, England

"I never save my money, but I don't spend it on rubbish either like sweets and junk. My sister has literally hundreds in her piggy bank!"

Serafina, 11, Greater Manchester, England

"My way is simple, save my own money and spend my family's money."

William, 12, London, England

"I have saved up all my birthday money, I do not get pocket money but I still have quite a lot. I am saving up for a saxophone and a bunk bed."

Jessica, 10, Hertfordshire, England

"I have to admit that I am not clever with money. I get 10 pocket money a month but I'm terrible! I get it, spend it and that's it for the month!"

Amy, 12, Bournemouth, England

"I think children are more sensible with money because we don't really need to use it."

Katie, 10, Warwick, England

"I think I am really good at saving my money. I get 15 a week and I now have over 500."

Usman, 12, West Yorkshire, England

"I save all my money and at the end of the year I count it and put it into my bank account!!"

Caitlin, 12, Liverpool, England

"I don't get pocket money but I still have to do jobs around the house! When I do get cash, I like to save it up to spend on shoes!!"

Stephanie, 10, Torquay, England

"In a way we're better than our parents, but sometimes we just spent our money on sweets and things we don't need, just for the sake of it."

Milly, 10, London, England

"I never really spend my money, but if I do I like to spend it wisely!!!"

Anisah, 10, Edinburgh, Scotland

"Some kids at my school are not very clever with their money. As soon as they get it, they just spend it on sweets."

Theo, 11, London, England

"I am rubbish at saving. As soon as I get 10 I spend it on crazy clothes, presents or sweets!"

Hazel, 11, Devon, England

"I am smart with my cash. I save it up until I have the amount for something I've been wanting to buy. I wouldn't put it in the bank at the moment because the bank could go bust!!"

Jack, 13, Stockport, England

"Money is a thing that you should work for, as your parents can't buy you everything. I think you should earn your own money by doing jobs around the house."

Jimmy, 9, Scotland

"I'm awful with money. The second I have it, it's gone! I always find something to spend it on like clothes, make-up, shoes or going to the cinema."

Emma, 13, Swansea, England

"I'd rather save it, because the money can help with my university funds when I'm older."

Sophie, 11, England

"I don't get money because what's the point?! You can just ask your parents for money!"

Rebecca, 10, London, England

"I get 3.50 a week but I don't spend it until I have saved more than 20."

Eloise, 10, Newcastle, England

"I get 7 a week maximum - if I am naughty then I will get less money. I think that with the current money climate it is good that we are more clever with money!!"

Connor, 10, Swindon, England

"No, however, I think some of my friends are better as they save up and then get something big. I just spend, spend, spend!"

Sophie, 9, Hampshire, England

"I think I am good with money because I save up for expensive things. However, I do buy sweets and chocolate quite often!"

Sharnai, 9, Cardiff, Wales

"I never get any money, so I can't spend it!"

Alice, 12, Wales

"I spend my money ALL the time. I never save it, I just buy something if I like it and nothing can stop me!"

Kash, 12, Bradford, England

"I spend most of my money on sweets. I get 3.50 a week and I usually spend 3 pounds of it in a day!"

Thomas, 12, Surrey, England

"I think I'm smart with my cash! I don't like to spend it, instead I like to save my money. My dad thinks I should put it away into a bank account but I don't like doing that!!"

Laura, 12, County Kilkenny, Ireland

"I think I am good with money because I have over 200 now!"

Sian, 10, Scotland

"Yeah, I am good with money! But I seem to be spending more money now as I have a lot more responsibilities!"

Helena, 13, London, England

"I buy what I want with my money but I don't buy online, only if my mum or dad takes me to the shops."

Jasmine, 10, Midlothian, Scotland

"My mum and dad don't pay me pocket money so every time I get cash, I have to save it up so that I can buy something when I really want it. I spend most of the money I earn on presents for my family and friends."

Sophie, 12, UK

"Nope, I never have enough! I pass three newsagents every day, so it is all spent there!"

Eleanor, 12, Watford, England

"I usually save up all my money. I now have more than 100! It's best not to spend it all at once."

Nahida, 11, London, England

"No, I am rubbish with money. When I went to the movies recently, my mum put my friend in charge of the money - I had to ask her to get popcorn and a drink!"

Megan, 11, Glasgow, Scotland

"I think I am good with money, because I save up loads and don't waste it."

Izzi, 12, Essex, England