GoHenry — a company that deals with money management, debit cards, and financial education for children — launched an in-app called Money Missions to help members of the Z and Alpha generations learn more about finance through a gamified educational experience.
Given that many children already possess their own debit cards, the app will provide them with essential information about the world of finance, preparing them for the future.
The Money Missions in-app is made of interactive lessons that cover topics such as money basics, responsible spending, savings, earning, investing, credit, and money safety.
Children aged 6–18 will be able to learn all about the above-mentioned topics through animated videos, game missions, and quizzes aimed to help them learn more about real-world experiences and money.
Based on the research conducted by the University of Cambridge, when it comes to money, kids form their opinions by the age of 7. That said, an incredible 87% of adolescents experience numerous problems when it comes to making everyday spending decisions.
Moreover, a recent GoHenry survey indicates that 89% of parents believe they would have made better financial decisions if they obtained some basic form of financial education before the age of 18.
All in all, Money Missions is just GoHenry’s latest investment when it comes to state-of-the-art fintech products and family services.
Namely, the company already offers its Eco Cards, Teen Account, Giftlinks (members can receive money from their parents, relatives, and friends as a gift), and instant peer-to-peer payments.