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Useful tips for helping you and your children manage their money


Do you remember when...

Did anyone else see the video of children being shown old Nokia’s, Sony Ericsson's etc and them having absolutely no idea what they were? Most of us felt a little nostalgic, remembering the only phone ever that if you dropped it, you’d probably do more damage to the floor than the phone. But for the new generation, things are completely different to what they were 15, 20 years ago: mainly because of technology.

When did it happen that instead of the kids asking us for help, we began asking them?

We wanted to have a look at some of the most noticeable differences between then and now.



Gone are the days of that weird never-ending dial up internet sound. Or cursing because the house phone ringing interrupted the internet connection and now you have to start the whole escapade again. Nowadays, house phones are becoming a thing of the past - people are even starting to get rid of them and rely solely on their smartphones.

Remember when getting the internet on your Nokia was like playing Russian Roulette? When clicking the little globe button on your phone you always risked being charged £10 for 30 seconds of accidental web browsing. Terrifying.

How kids play and communicate has completely changed. The height of the day was rushing home from school to speak to the same people on MSN messenger. And that’s the younger lot! Most of us still remember when the equivalent of texting your friend to find out their plans was jumping on your bike/scooter (the push kind, no engines) and going to your friends house to bang their door down and ask “if they’re coming out to play”.

Not to be forgotten are computers themselves - no more do we have to hoist ourselves up in front of a machine the same size as us to experience ‘technology’. We’ve slowly gone from PC’s, to Laptops, to iPads, to iPad mini’s... Now we’re even starting to discover the world of Virtual Reality Headsets and Pokemon Go, which was a thing of sci-fi movies not that long ago.



Even the way we listen to music has changed. When was the last time you bought a CD? Are cassette tapes still a thing? In fact, does HMV still exist? That used to be the Mecca of the western teenager not too long ago, being first in line on a Saturday morning to get the first Take That, Spice Girls, Donny Osmond, Michael Jackson etc album. Nowadays Spotify has taken over. And we’re not complaining about that, we love a good playlist.


And what’s more. Money. Even the value of things has changed dramatically - probably the most upsetting (other than the ever terrifying prices of houses, and the fact that kids are living at home until their early 40’s..) is that penny chews are no longer a penny. A Freddo bar is no longer 5p. They’ve upped their value to a whole 25p. 25p! The way we use money has changed drastically. goHenry is the perfect example of this - even our childrens’ pocket money is digital! If we went in a shop and someone asked us to sign instead of pay by contactless, there would probably be an extremely awkward few minutes when no one really knows what’s going on.

The doors that have been opened for all of us are endless, a lot of which being down to technology, and in 50 years who knows what the world will look like. Maybe Freddo’s will cost £1. Maybe Nokia will make a comeback and we can all play Snake again.

goHenry, a unique earning, saving and spending solution. Perfect for parents with children from 8-18.

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