Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Laughing Teen Girl conducts credit card and looking for online
Stockplanets | E + | Getty pictures
At the age of pleasure, where Gen Alpha’s Amazon Prime and Uber are easily accessed to instant delivery services, some parents think about how to teach young money savings.
Born between 2010 and 2024, Gen Alpha is not like other generations. In their hands, they have grown with smartphones and the ability to shop by pressing a button.
In fact, spending prowers are great. Gen Alpha spent £ 92m (Between $ 126.2 million), between 2023 and 2024), the company of financial technology company GoHenry, which provides debit cards for children in England, USA, France and Spain. GoHenry informed the Young Economy Report in September 2024 311,832 Gohenry.
Most of this money is more than £ 3 million due to food delivery services with more than £ 3 million in connection with GoHenry children. In addition, almost half of them likes to buy in social media platforms such as Tiktok shop, Facebook Marketplace and Instagram.
Their economic trace is expected Reaches $ 5.46 trillion Until 2029, according to the McCrindle research firm.
“Comfort and speed turned into a normal,” said Louise Hill, GoHenry founder CNBC said it made it in an interview. “It’s one of what we need to remember, especially when I think about the Gen Alpha, it is completely used to have everything in a button stroke, and this manages different behaviors.”
Hill explained that despite the entry of the flow of online financial education sources, such as credit cards and easy to use, for example, credit cards, and now there are no payment options and unknown payments. This makes it more complicated to teach children money skills for parents.
“It should be earned before making money before spending money,” and then he must understand, thinking and thinking, “he stressed the importance of his understanding.
Make money ‘Material’
Hill said that the children are very important to see the financial cash in order to understand the value of children. “Permanent pocket money” is a solution to give £ 50 per week for £ 50 per week.
“If you give a child 50 PENCE and you have a family that is a family with a family with 50 Piches every Saturday, you can give you 50 pen limbs every Saturday.
Managing the physical money allows children to know how much their favorite worth of their favorite.
“You can give a few coins to a child, and then the concept of these coins can have the concept they exchanged for a greater toy,” said Gohenry’s founder.
For teenagers, the hill, children and payment costs offer a “pizza budget” method that allows you to understand how much money.
“Pizza is the money or salary of your money, or your money in your pocket, and then take the child, how much of my language would you like to do if this is a salary?
If the pizza becomes smaller and smaller, it understands how much money for the rest costs.
Enter children in cash conversations
Children are like a sponge and tend to swallow relationships around their parents, so Hill believes that it is good to keep in a loop related to households.
After the Covenant 19 pandeme, which was widely quoted in the village, he suggested the value of the living crisis in England. GoHenry began to hear that they were worried about the crisis living from their children.
“Children, maybe as a family, do everything that makes such a situation, you emphasize that you are connected to money,” he said.
Parents can talk about money struggles without raising the exact issue as they could not pay for the rent.
For example, Hill said you won’t allow you to have a road every Friday night, then take part in to attract children engaged in making a “fakeaway” at home.
“What can children do to prepare pizza and choose to pick up their oil? Perhaps instead of paying the supermarket with you, and instead of paying money, then it shows how much money he earned.”
This can help children feel more in managing money spending habits and help you learn to harden their belts as they grow older.
