Established in 2012, GoHenry is a U.K.-based fintech company that aims to help kids ages 6 to 18 learn financial-management skills. The company provides kids and teens with tools and resources to learn how to earn, save and spend money wisely under the oversight of their parents. The company is headquartered in the U.K., but it also has a strong presence in the U.S., making it more accessible to a broader population.
- Debit cards: The cards offer a safe and controlled way for children to spend money within predefined limits set by their parents. With real-time notifications, you can track your child’s spending habits and teach responsible financial behavior.
- Financial-education tips: GoHenry offers an array of educational resources, including articles and interactive quizzes. The hacks and tips teach children about budgeting, saving and the importance of making informed financial decisions. They also encourage kids to do their chores as a way to earn rewards for completing tasks, fostering a sense of responsibility, independence and accountability.
- GoHenry app: The GoHenry app provides a user-friendly interface for parents and children to manage their finances. Children can check their balances, track spending and even donate to charity directly from their smartphones, fostering independence and responsibility. Parents can also set controls, such as spending limits and card usage, ensuring full transparency and accountability.
- Kids’ savings account: GoHenry’s kids’ savings accounts give children the opportunity to learn important money-saving skills. With a minimum deposit of £1, kids’ savings accounts allow children to acquire financial literacy that will set them up for better financial management as they grow.
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