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, designed for young people aged six to 18, allows a parent to manage their children’s pocket money while teaching them financial responsibility.
The new Giving function also highlights 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).
This will help fund vital NSPCC services that keep young people safe from abuse and help those who have been abused to recover.
gohenry 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 and create savings goals. In addition they can see their weekly earnings, savings and spending in graphical, easy-to-use educational format.
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 we receive 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.”