PARENTS spend an average of €713 on their children’s Holy Communion, according to a study from Ulster Bank. That is a drop of 4% on what they spent last year on clothes, entertainment and food for family and friends. The study also shows that while the average spend is falling, children make more money than ever. They receive an average of €521, 42% of which is spent of video games. Just 10% of children do not spend any of their money and opt to save it instead.