About Gohenry
GoHenry: Empowering Kids to Manage Money Responsibly
GoHenry is a financial technology company that offers a unique solution for parents who want to teach their children about money management. With its debit card and app, GoHenry empowers kids aged 6-18 to learn practical money skills that they can apply in the real world.
The company was founded in 2012 by a group of parents who were frustrated with the lack of financial education available for their children. They wanted to create a tool that would help kids understand how money works and how to use it responsibly.
Today, GoHenry has over one million users across the UK and US, making it one of the fastest-growing fintech companies in the world. Its innovative approach has won numerous awards, including Best Children's Financial Provider at the 2020 British Bank Awards.
How Does GoHenry Work?
GoHenry's debit card and app work together to give kids a safe and secure way to manage their own money. Parents can set up an account for each child and add funds as needed. The child then uses the debit card like any other card, but with certain restrictions set by the parent.
For example, parents can limit spending on certain categories like online shopping or fast food restaurants. They can also set up automatic allowances or rewards for completing chores or achieving academic goals.
The app gives both parents and children real-time visibility into spending habits, so they can track progress towards savings goals or identify areas where adjustments need to be made. It also includes educational resources like quizzes and articles on financial literacy topics.
Why Choose GoHenry?
There are several reasons why GoHenry stands out from other financial tools designed for kids:
1) Safety: The debit card is protected by chip-and-pin technology, so it's more secure than cash or traditional credit cards. Plus, parents have control over where their child can spend money.
2) Convenience: Kids don't have to carry cash or rely on their parents to make purchases for them. They can use the card anywhere that accepts Mastercard.
3) Education: GoHenry's app includes a wealth of educational resources that help kids learn about money management in a fun and engaging way.
4) Customization: Parents can tailor the account to their child's needs, setting up spending limits, rewards, and savings goals that align with their family values.
5) Affordability: GoHenry offers a free trial period and low monthly fees that are competitive with other financial tools for kids.
What Do Customers Say About GoHenry?
GoHenry has received overwhelmingly positive reviews from both parents and children. Many users appreciate the convenience of having a debit card for their child without worrying about overspending or losing cash. Others have praised the educational resources provided by the app, which have helped their children develop good money habits at an early age.
One parent wrote, "I love how easy it is to set up an account for my son and monitor his spending. He feels more independent now that he has his own card, but I still have control over where he can spend money."
Another user said, "The app is really user-friendly and my daughter loves earning rewards for completing chores. It's been a great way to teach her about saving money."
Conclusion
GoHenry is an innovative financial tool designed specifically for kids aged 6-18. Its debit card and app give children a safe and secure way to manage their own money while also providing valuable educational resources on financial literacy topics. With over one million users across the UK and US, GoHenry is quickly becoming one of the most popular fintech companies in the world. If you're looking for a convenient way to teach your child about responsible money management, consider giving GoHenry a try!