GoHenry charges £2.99 per child, per month. You’ll get the first month free to try the service using this link.
You get one free parental top-up per month. This means you need to load your child’s monthly pocket money in one go into your parent’s account. If you don’t do this it’s an additional 50p per top-up.
There is no minimum contract so you can cancel the service at any time.
At first, I felt the charges were high, particularly as I was only planning to give my son around £5.00 per week. However, since using GoHenry I have come to accept the charge as an educational cost. While I still feel it’s a bit steep, it’s a small price compared to the cost of poor financial education.
I want my children to develop a healthy relationship with money. I’ve always tried to teach them good habits and having these lessons reinforced by an app has been useful.
Like most parents, encouraging them to help around the house can be a real chore in itself. Setting tasks in GoHenry has helped with this. Once he’s seen the fruits of his labour, my son has certainly become more helpful around the house.