A guide to savings accounts for your grandchildrenCollege costs are skyrocketing, student debt is too. As a grandparent, you want to give your grandchildren a head start and help them financially if you can. But before you give them cash or open a savings account, you want to consider all your… Aug 04 23August 04, 2023Article at gohenry.com
How to explain US taxes to kidsTaxes are confusing enough for a lot of adults, so you can only imagine how bewildering this subject might be for kids and teens. However, it is something that everyone will need to know by the time they start working and start paying taxes. In this… Jul 26 23July 26, 2023Article at gohenry.com
Should you get a prepaid card for your kids? (pros + cons)Want to give your kids a taste of financial independence, but wary of handing over a full-fledged credit or debit card? A prepaid kids debit card may be the answer. It gives you greater control over your children’s spending with less risk. But before… Jun 19 23June 19, 2023Article at gohenry.com
17 fun & engaging books to teach kids about moneyIt’s never too early to teach your kids about money and books are a great way for them to learn at their own pace. But with so many money books out there aimed at kids, it can be tricky to work out which are the best ones for the job. To help you… Jun 14 23June 14, 2023Article at gohenry.com
10 essential credit tips for teens to knowFor teenagers, credit is a chicken-and-egg situation. You need a credit card to build a credit history by showing you can make payments on time. But you can’t legally get a credit card till you’re 18. That said, teaching kids about borrowing and… May 15 23May 15, 2023Article at gohenry.com
7 ways to help your teenager build creditBuilding credit early on can help establish a credit history for your teenager. It’ll benefit them in the future if they want to apply for a car loan, student loan or credit card. A good credit score can also lead to lower interest rates, which will… May 11 23May 11, 2023Article at gohenry.com
Different types of insurance words for kids to knowLiability, premiums, deductibles… insurance terms can be confusing, even for adults. Most insurers’ websites and policy documents are sprinkled with jargon and insurance-speak. How do you know what your coverage actually covers if you don’t know what… Apr 27 23April 27, 2023Article at gohenry.com
Interesting & important money facts for kidsLearning about money doesn’t need to be dull. And as financial literacy is important for kids, you want to keep them engaged and interested. So here are some facts about money to teach them in terms they’ll understand. Start your kids’ money journey… Apr 11 23April 11, 2023Article at gohenry.com
What is opportunity cost for kids in simple terms?Every choice has a trade-off. That’s the principle behind opportunity cost in economics. But how do you explain it to your kids? And why is it a vital concept for them to grasp early on in life? Keep reading for tips on how to explain opportunity… Apr 10 23April 10, 2023Article at gohenry.com
Talking to your kids about the different ways to payWhy pay cash when there are so many other ways to pay? It’s no surprise we’re living in an increasingly cashless economy. Contactless payments represented almost a third of all UK transactions in 2021. This includes contactless payment by phone and… Apr 05 23April 05, 2023Article at gohenry.com
A simple definition of supply and demand for kidsWhen it comes to teaching kids about the economy, many parents feel at a loss. Terms like “supply and demand” get tossed around but do your children really grasp what they mean? Explaining economics basics to kids will help with their financial… Apr 04 23April 04, 2023Article at gohenry.com
10 essential credit tips for teens to knowFor teenagers, credit is a chicken-and-egg situation. You need a credit card to build a credit history by showing you can make payments on time. But you can’t legally get a credit card till you’re 18. That said, teaching kids about borrowing and… Apr 02 23April 02, 2023Article at gohenry.com
GoHenry scoops FinTech Breakthrough AwardWe’re proud to announce we’ve won the coveted 2023 FinTech Breakthrough Award for ‘Best Financial Education Platform’. Now in its seventh year, the FinTech Breakthrough Awards program celebrates outstanding FinTech products, services, and companies.… Mar 28 23March 28, 2023Article at gohenry.com
30 creative and fun ways to gift money to a teenagerThere comes a time, typically in your kids’ teenage years, when they ask for cash instead of gifts. But you don’t just have to stuff dollar bills in an envelope or buy a gift card. There are lots of ways to get creative when gifting money to a… Mar 20 23March 20, 2023Article at gohenry.com
Do under-18s need to pay income tax In the US?The IRS requires all taxpayers, no matter their age, to file a return and pay any tax owed in any year their income exceeds a certain amount. This includes children you claim as dependents. But unlike adult taxpayers, there’s more flexibility around… Mar 14 23March 14, 2023Article at gohenry.com
What is interest? Explaining to your kids in simple termsTrying to encourage your kids to save money? Explaining how interest works might make them more enthusiastic. Plus, raising financially literate kids is important. It means they’ll be able to make responsible decisions about saving, investing and… Mar 13 23March 13, 2023Article at gohenry.com
What is a hedge fund in simple terms for kidsFinancial jargon can be tough to get your head around. Even for adults. So if you’re teaching your kids about investing and at hedge funds you’ve come unstuck, you’re not alone. Here’s how to explain hedge funds to kids in simple terms. What is a… Mar 09 23March 09, 2023Article at gohenry.com
Venmo for teens (a guide for parents)Are you in the know about Venmo? Over 75 million people use the money app which acts like a digital wallet. But like Zelle and Paypal, Venmo’s not available for under-eighteens. So if your teens have asked you about setting up an account and you’re… Mar 09 23March 09, 2023Article at gohenry.com
How to sell on eBay as a teenager“Snap it, list it, sell it”. eBay makes it sound easy to sell on their site. But is it really that simple? If your teenager’s thinking of selling on eBay and wondering how to go about it, here’s what you need to know. Can you sell on eBay as a… Mar 03 23March 03, 2023Article at gohenry.com
12 Stocks for kids to begin investingSearching for stocks for kids to invest in but wondering where to start? Here are some tips to help. Read on to find out how kids can invest in stocks, the best stocks to buy, and what investing in the stock market can teach children. Can kids invest… Mar 02 23March 02, 2023Article at gohenry.com