Mum pays her daughter, 9, to do chores as it 'teaches her to save money'

A mum who pays her 9-year-old daughter to do chores says it teaches her the value of money.

Jourdain Goodwill, 31, a pharmacy support worker from Blackpool, gives Darcey £4.50 per week to put dirty washing away and clean her bedroom.

The youngster must also get ready for school without being prompted, brush her teeth and read every day in order to get paid.

But Darcey hasn't spent any of her money yet - instead she is saving up for a smart TV.

She has so far pocketed away almost £200 by completing her weekly chores and also selling her old toys, with the money paid into her GoHenry account.

Get all the latest news sent to your inbox.Sign up for the free Mirror newsletter

GoHenry is a kids’ debit card and app that is designed to teach children between the age of six and 18 about the value of saving.

Through the app, parents can set up saving goals with weekly pocket money payments released when each task has been completed.

Speaking to The Mirror, Jourdain said: "Darcey was set up GoHenry for her 9th birthday last July and we have been using it to set her chores/tasks to earn money since then.

"We don't tend to give Darcey pocket money on top if the money she can earn from doing her daily tasks, but she has managed to build up her savings from selling old toys that she no longer plays with."

Jourdain, who lives with partner Michael, 38, and Darcey's younger sister Nova, 1, says the youngster is a huge fan of GoHenry.

She claims making her own money gives her "independence" and says she wouldn't want to just give her daughter money for nothing.

"I know GoHenry has taught Darcey about the value and saving of money," she said.

"She has gradually seen her money total go up and is finally almost at her target so she can get her smart TV."

Would you pay your child to do chores? Let us know in the comments below.

GoHenry lets parents set up automatic weekly or monthly pocket money amounts, or make one-off transfers.

It also recently launched an educational in-app experience called Money Missions, to motivate kids to learn about saving.

But it isn't completely free to use. It costs £2.99 per child to use GoHenry - although it does offer a two-month free trial so you can test it out first.

The other thing to keep in mind is GoHenry isn't a bank - so your money is not protected by the Financial Services Compensation Scheme (FSCS).

Its cards are issued by IDT Financial Services, which is regulated by the Financial Conduct Authority (FCA).

Should IDT Financial Services go out of business, both Visa and the FCA would step in to protect funds and ensure they are returned to customers.

Read more

The following tips are from Louise Hill, GoHenry co-founder and COO.

It doesn't matter how much you give your children, but the act of paying regular pocket money helps open up conversations around cash.

It's a hot topic, but paying kids to do tasks around the house can help them learn where money comes from and that it has to be earned.

Remember, letting them make mistakes is all part of the learning process and much better for them to make a £20 mistake aged seven than a £2,000 one aged 27.

With GoHenry, you're essentially paying for the ability to set parental controls and personalised goals - so if you're not fussed about that, there are free options available.

Hyperjar has a free pre-paid card for children aged six to 17 which lets you set spending limits within its app, but it can't be used in ATMs.

It works by letting you put money in different "jars" to encourage kids to start saving.

Or there is RoosterMoney, which is cheaper than GoHenry at £24.99 per year - there is no monthly payment, but it would be the equivalent of around £2.08 per month.

RoosterMoney has parental controls and also lets you automatically split pocket money between spending and saving pots.

Read More

Read More