Teaching young people how to manage their money in this modern world where cash management is becoming less secure and checks are practically in disuse, has become a necessary task. How to earn, save and spend money responsibly is the lesson that worries many parents.
For all of them, financial tools have emerged that facilitate the task of encouraging children to have good money habits and to prepare them for life. This is the case of childrens debit card, increasingly common and necessary. Initiatives such as GoHenry and Nimbl are some of them. We will focus on the first one.
GoHenry is a debit card designed for young people between 6 and 18 years, conceived by a group of parents concerned about teaching their children the importance of money in a safe environment. It was developed in collaboration with Visa and also has a mobile application that facilitates access to parental controls.
By logging into gohenry.co.uk you can open an account online easily and quickly. In 7 business days you will have the card for your child in your hands and when you activate it you can proceed to establish automatic money transfers and spending rules. With GoHenry you can decide how much your child spends, how often he does it and where he can do it.
By setting limits on daily or weekly expenses, you ensure that it is not possible to incur debts or overdrafts. In addition, you can lock or unlock the card when you deem it necessary. You will always receive notifications in real time about purchases made.
According to the go henry review made by parents, we talk about an intelligent solution that allows children to learn everything necessary about money always under their supervision and guidance, which makes life much easier for everyone at home.
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