Are you fed up with your kids begging you to buy something on the Internet for them? Do you remember to knock the cost off their pocket money or do you lose track of the purchases and just get them whatever they want?
With the summer holiday’s coming up there’s never been a better time to think about helping your children budget their pocket money and I recently came across what looks like an ideal solution – goHenry.
With goHenry, you can help your children manage their pocket money from your account, with a linked account for each of your children. There’s mobile and web apps to make it easy and each of your children then gets their own goHenry Pre-paid Debit Card. Obviously there are parental controls so that you can control where they’re allowed to spend and how much in any one transaction or a daily limit, plus only the money on the card can be spent, there’s no danger of debt or overdraft.
Once you open your account cards will arrive within a week and you set automatic pocket money transfers and spending rules. You can even set tasks so that your children can earn extra pocket money.
If anything goes wrong you can Block and unblock cards instantly, without a phone call, and you can view how and where your children spend in real time.
There’s no need to visit a bank to set an account up, your children can spend money anywhere a Visa card is accepted and accounts cost £1.97 per child per month.
One Response
I’ll give it a go – if it works well I’ll be delighted as I always forget their ‘borrowings’. I wonder how long the novelty of having a card will last with the ‘sponges’! 🙂