Welcome to the goHenry blog

Useful tips for helping you and your children manage their money

Financial education
money for exam results?

Finance Friday - Money Makes Curriculum & Prodigy Programmers

This weekend may look rainy, but it’s a perfect excuse for enjoying a lazy Saturday morning tomorrow... but first, keep that brain wired by catching up on the latest in this week’s children’s finance news.

It’s official - financial education confirmed as part of national curriculum

The time has come, ladies and gents. On Wednesday, The Department of Education released details of this year’s national curriculum, which will include financial education in mathematics and citizenship education taught in secondary schools. The is the first time ‘financial mathematics’ will be emphasised in course curriculum, and will include solving problems involving percentage change and simple interest. The ‘financial decisions in citizenship’ courses will teach children about the functions of money, importance of budgeting, and managing risk. It will also teach the essentials of credit and debt, insurance, savings and pensions, and how public money is raised and spent. Certainly a step in the right direction! You can find full details about the new curriculum here.

Here’s one way to earn your own pocket money- become a prodigy programmer

That’s exactly what 9-year-old (yes, 9!) Alexandra Jordan did after creating ‘Super Fun Kid Time,’ an app designed to schedule kids’ play dates. Alexandra created the game ‘Disrupt Hackathon,’ which took place last weekend on San Francisco. She is currently learning to program in Ruby and HTML with assistance from her dad and the online site that teaches you to code, Codecademy. Young coders, take note. In the meantime, you can check out Alexandra’s app here.

Are we giving our children too much pocket money?

The Guardian’s Tim Lott certainly thinks so. After the insurance company revealed the average weekly pocket money given to children being around £13.12 a week, Lott admitted his own children hardly receive more than half that. His youngest, seven, only received £1.50 a week. ‘The trouble is, without wishing to be disrespectful to children, they do not always make the wisest financial investments,’ said Lott. We’re not sure we agree with Mr Lott. We’ve found (and we’re sure you agree) that with the right structure and support in place, children can be empowered to make wise and responsible decisions about earning, saving and spending. The problem isn’t inherent in children; it’s just that they need to be encouraged, supported and empowered and then they do make wise decisions. Anyway, we’re preaching to the converted on this one!

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

Similar articles
goHenry and Dragons Den Peter Jones

What's the recipe for raising an entrepreneur?

Setting up a successful business at 15 and selling it for $30 million at the age of 18 isn’t the norm. Yet it certainly happens, so what’s really stopping any child from achieving this level of…

One thought on “Finance Friday - Money Makes Curriculum & Prodigy Programmers

  1. I'm so excited that financial education is being included in the National Curriculum at last. Thanks very much GoHenry for supporting this, as well as for helping my twins to become super money managers!

Leave a Reply

Your email address will not be published. Required fields are marked *