Perfecting Pocket Money with gohenry
Hiya Doshers and welcome back to another installment of the OhMyDosh blog. In this post we’re focusing on that ever so talked about subject “money” and how our little ones use it.
If you’re looking for a way to teach your kids valuable money skills without giving them too much financial freedom then carry on reading because this one’s for you.
As adults, we know money doesn’t grow on trees (although it would be a-maz-ing if it did)
and teaching your children this can sometimes be a little tricky. Saying no from time to time can make you feel a little like the bad cop, so why not let them be in charge of what they’re spending.
Allowing your children to take control of their own finances may seem like a crazy idea but actually, it’s all about teaching them good money skills from a young age. You’re still there to set the limits but it allows them to realise the value of money and that once it’s gone, they can’t just ask for more.
is perfect for this. Give your child their own personalised card and you can simply add money to it via the app. Set weekly limits and decide where the card can be used. If you don’t want them to be able to use it online then that’s fine, simply turn this feature off.
You’ll also receive real-time notifications about how much your child has spent and where, so you can keep track of their spending without having to ask them constantly where their money is going. Plus you can block and unblock your child’s card at any time.
allows you to create earning goals and you can set little tasks for them to complete in order for them to receive extra pocket money. Simply tick these tasks off once their done from the app. You can also set up different saving goals for your child to work towards. The app can automatically save a percentage of pocket money every week. This will help them learn that if there’s something they really want, they can save up for it.
The card is accepted anywhere Visa is and can be used in shops or online, giving your children their own financial freedom and the ability to appreciate how much things cost. So many of gohenry's
users have said it helped their little ones manage their money better and they love that it’s customisable. You can pop your child’s name on their card!
Join the 100,000s of families which are loving gohenry
and get started with a 2 month free trial. Plus you’ll nab £6 on OhMyDosh
. Head over to the offer and start managing money together.
gohenry costs just £2.99 per child per month, and you can cancel at any time.