goHenry – a digital banking solution that aims to make your kids smarter at managing money than you are – raised over Â£2m in under 48 hours after launching on Crowdcube.
Traditional cash pocket money is dying out as increasing numbers of parents are paying their childrenâ€™s pocket money digitally, according to new research from financial technology company Intelligent Environments. However, in spite of an increasingly digitally-native generation of youngsters, only two UK high street banks cater for children under the age of 11.
goHenry â€“ the family banking tool that empowers young people between the ages of 8 and 18 to save, spend and learn about money â€“ has announced a new feature which aims to help children and teens to easily budget and save.
Following my post on Osper a few days ago, a similar service offering pre-paid debit cards to children, goHenry, was bought to my attention.
Osper is a new prepaid debit card for 8 to 18 year old which allows them to access their money online, in most shops, at cash machines and even abroad.
PKTMNY is a new way for parents to help their children earn, save and spend their money.
According to a recent survey by Gurgle.co.uk, the average cost of raising a child to their first birthday is a staggering Â£18,000. Learn about some freebies for a cheaper baby.
A couple of months ago I talked about our new pocket money strategy for our 6 year old son. For a number of reasons, it hasn’t worked particularly effectively.
Our son has recently turned 6, and we’ve decided to try and teach him a little about money, as well as trying to improve his behaviour, by giving him some pocket money.
If you’re trying to explain to your kids why Santa Claus isn’t going to be leaving as many presents under the Christmas tree this year, here’s an amusing explanation of the credit crunch for kids.