The NSPCC has teamed up with pocket money management tool gohenry to encourage young people to give a little to those in a less fortunate position than themselves.
The pre-paid debit card and app allows parents to manage their children’s pocket money whilst teaching them financial responsibility, empowering them to earn, save and spend responsibly, and now highlighting the importance and value of donating to a charity.
Launching today, it will allow children to make a one-off or regular donation to the NSPCC (capped at 20 pence per week), using the new Giving function. This will help fund vital NSPCC services that keep young people safe from abuse and help those who have been abused to recover.
gohenry is for young people aged 6 to 18 and aims to teach children good money habits and give them financial independence.
Children can earn their pocket money by completing weekly or one-off tasks set by the parent, create savings goals and save towards them, as well as see their weekly earning, saving and spending in graphical, easy-to-use educational formats.
Parents can set their children spending limits and see where and when they are spending their money through real-time notifications.
Georgie Swinbank, NSPCC Partnership Manager said: “As a charity that receives 90% of its funding through donations, every penny really does have an impact on children’s lives.
“We’re delighted to be partnering with gohenry to raise vital funds and teach young people the value of money and giving to an organisation like the NSPCC.”
Louise Hill, Co-founder and COO of gohenry added: “Understanding the true value of money is about appreciating not only what it means for you but also the difference it could make for others.
“I am so proud to launch our Giving feature with the NSPCC, the perfect partner to help parents introduce the next generation to how little contributions can add up to big changes. With over 325,000 children’s accounts and £70m pocket money paid out annually on gohenry, we expect this to be a popular feature.”