Jane Artherton talks to The Davis family about goHenry: “More than 1million children will get lessons in the dangers of debt and how to manage their money this week. The five to 18 year olds will take part in My Money Week, which is organised by the finance charity the Personal Finance Education Group and backed by Barclays.
About 1.3million children in 4,500 schools took part in games and activities to get the finance message across last year. Tracey Bleakley, the charity’s chief executive, said: Financial education is absolutely essential if we are to give children the best start in life, equipping them with the skills, knowledge and confidence to manage money well. Financial education becomes compulsory in the new national curriculum for secondary schools in England in September. But eight in ten teachers believe financial education should start in primary school, a study to coincide with the event suggests. Outside the classroom, there is a range of apps and games to help youngsters get to grips with their wallets – and allow parents to check on their spending habits. Titles to investigate include Count My Beanz, Mindblown Life and Goldstar Savings. Mother-of-four Angela Davis uses goHenry, which features an online account to transfer pocket money into separate accounts for children who get a pre-paid card to use in shops and stores. Ms Davis, of Hampshire, said: ‘The kids are happy because the money lands in their account on the same day each week – and, in my case, they can earn extra payments for doing jobs, such as keeping their bedrooms tidy.