Latest news with #LouiseHill
Yahoo
29-06-2025
- Business
- Yahoo
Good with money: Children ‘earning biggest cash payments for behaving well'
Children are finding that good behaviour really does pay off – with youngsters typically receiving the highest cash amounts into their accounts for this 'task' – according to data from a money app. GoHenry said that being good is the highest-earning task of 2025 so far, with youngsters being rewarded with £1.48 on average. Practising music was the next best-paying task, with an average payment of £1.33, followed by caring for pets, at £1.31. The most popular task for which children receive payouts is tidying their bedroom, with an average payment of £1.10. And while it can sometimes be left until the last minute, doing homework is the next most popular task that children receive payments for, with a typical payout of £1.28. The research also indicated that many children are doing their bit around the home, with helping around the house being the third most popular task to be given a cash incentive, with youngsters banking £1.14 typically. There were also signs of a small gender payment gap, with boys receiving £1.53 per week on average for completing tasks, compared with £1.50 for girls. However, girls typically receive more weekly pocket money than boys, at £9.94 on average during 2025 compared with £9.87 for boys. Holidays are the top savings pots so far this year, followed by birthdays, electronics, clothes and shopping, according to GoHenry's data. The analysis looked at the savings habits of young people aged six to 18 from January to mid-April this year. Louise Hill, founder and chief executive of GoHenry, said the figures indicate that children are 'thinking ahead, planning for experiences and building those crucial long-term saving habits that will help give them a head start in life'. She added: 'And, of course, it's brilliant that 'being good' is literally paying off for them – a fun and effective way to learn about rewards.' Here are the top five highest-paid tasks for children and teenagers in 2025 so far, according to GoHenry's data, with the average cash amount paid: 1. Being good £1.48 2. Practising music, £1.33 3. Caring for pets, £1.31 4. Doing homework, £1.28 5. Brushing teeth, £1.20 Here are the most common tasks for children and teenagers in 2025 so far, according to GoHenry's data, with the average cash amount paid: 1 Tidying bedroom, £1.10 2. Doing homework, £1.28 3. Helping around the house, £1.14 4. Brushing teeth, £1.20 5. Caring for pets, £1.31 And here are the average weekly pocket money amounts across Britain in 2025 so far, according to GoHenry's data (there were some payments where the region was not known and these averaged £10.41): East Midlands, £9.48 East of England, £8.46 London, £9.62 North East, £8.81 North West, £9.69 Scotland, £10.73 South East, £12.80 South West, £8.76 Wales, £8.89 West Midlands, £9.91 Yorkshire and the Humber, £8.93 Here are weekly average task earnings by children and teenagers across Britain in 2025 so far, according to GoHenry (the average payment where the region was not known was £1.36): East Midlands, £1.53 East of England, £1.47 London, £1.60 North East, £1.49 North West, £1.54 Scotland, £1.52 South East, £1.64 South West, £1.44 Wales, £1.46 West Midlands, £1.54 Yorkshire and the Humber, £1.38
CNBC
28-06-2025
- Business
- CNBC
Gen Alpha are spending big — here's 2 tips to raise money savvy kids in a world of instant gratification
In the age of instant gratification where Gen Alpha has easy access to instant delivery services like Amazon Prime and Uber Eats, some parents are wondering how to teach the young money-saving skills. Born between 2010 and 2024, Gen Alpha are not like other generations. They grew up with smartphones in their hands and the ability to make purchases at the click of a button. In fact, their spending prowess is huge. Gen Alpha spent £92 million ( $126.2 million) between 2023 and 2024, according to research from financial technology company GoHenry, which provides debit cards for kids in the U.K., U.S., France, and Spain. GoHenry published its Youth Economy Report in September 2024, which provided data from 311,832 GoHenry kids. Much of this money is going to online services, with GoHenry kids spending over £3 million on food delivery services, up 113% from the year before. Additionally, almost half like to make purchases on social media platforms like TikTok Shop, Facebook Marketplace and Instagram. Their economic footprint is expected to reach $5.46 trillion by 2029, according to research firm McCrindle. "Convenience and speed have become the norm," Louise Hill, GoHenry founder, told CNBC Make It in an interview. "One of the things we need to remember when we're thinking about Gen Alpha in particular, is that they are totally used to everything being available at the flick of a switch, at the click of a button, and this drives different behaviors with money." Hill explained that despite the influx of financial education resources online, there has also been a surge in money products and apps that are easy to use, such as credit cards, buy-now-pay-later options, and contactless payments. This makes it more complex for parents to navigate teaching money skills to kids. She emphasized the importance of kids understanding "that money has to be earned before it can be spent," and then spending it with thought and consideration. Hill said it's crucial for children to see the "tangible aspects of money" like physical cash, to understand its value. Giving "regular pocket money" is one solution, from giving 50 pence a week to £5 pounds. "If you give a child 50 pence and pick a day of the week that works for you as a family for pocket money, that might be Saturday, then you can literally give them 50 pence every Saturday. It is incredible how quickly they will start to realize 'Oh, look, it's every Saturday. If I save up four Saturdays, I've got two pounds. And now I can buy X, Y, Z, if I save up 10 Saturdays." Handling physical cash allows kids to know how much their favorite items cost. "You can give a child some coins, and then they can have the concept of how many of those coins get exchanged for a bag of sweets, versus a bigger toy," the GoHenry founder said. For teenagers, Hill proposed the method of "pizza budgeting," which allows children to visually understand how much money goes into running a household and paying bills. "The pizza is your pot of money, or your wages, or your pocket money and then taking the child through, 'Would you like to guess how big a slice of pizza we need to cut out if this is the household wages? How big a slice we need to cut out of that to pay the rent or to pay the mortgage?" As the pizza gets smaller and smaller, it creates an understanding of how much money is left over for leisure spending. Kids are like sponges and tend to absorb attitudes around money from their parents, so Hill believes it's good to keep them in the loop about household finances. She offered the example of the cost of living crisis in the U.K. after the Covid-19 pandemic, which was cited widely in the media. GoHenry started hearing from customers that their kids were concerned about the cost-of-living crisis. "Kids do soak up everything in that sort of situation where perhaps as a family, you're stressed about money," she said. Parents can talk about money struggles without raising the exact issue, such as if they're unable to pay the rent. For example, Hill said that if you can no longer afford to have a takeaway every Friday night, then get children involved in making a "fakeaway," which means making a takeaway at home. "What about getting the kids involved in making a pizza and choosing their toppings? Maybe even going to the supermarket with you and picking up those toppings instead of paying the money for a takeaway and then showing them how much money is being saved," Hill added. This can help children feel more in control of their money spending habits, and learn to tighten their belts when they need to as they get older.
BBC News
24-05-2025
- Entertainment
- BBC News
Creative Sark week to bring poetry, Tai Chi and music to island
Poetry, Tai Chi and wet-felting workshops will be on offer in Sark next month as part of a seven-day long creativity Sark's workshops, founded in 2013 by Amanda Petrie, will run between 6 and 13 June for its sixth year. Artist Louise Hill, who will be leading one of the workshops, said there were "lots and lots of creative people" on the island, adding some would travel from Guernsey and the UK to take part in the event."At the end of every Creative Sark workshop, we'll do a veille evening. It's really pleasant. Bring a bottle and a plate of food to a really fun evening," she said. Organisers said the veille evening would take place on 13 June and would offer entertainment including music, poetry and singing.
The Independent
28-03-2025
- Business
- The Independent
How to keep kids entertained and teach them some money lessons over Easter
Keeping kids entertained over Easter can be a challenge to the family finances, but while you're balancing your own budget it could also be a great time to get youngsters into some good money habits. They may even pick up useful money skills without even realising they're learning. Here are some ideas for saving money this Easter – and teaching children some valuable money lessons while you do it: 1. Teach goal-setting. Louise Hill, CEO and co-founder of young people's debit card and app GoHenry, says youngsters received an average of £17.92 last Easter through its Giftlinks option, which allows family and friends to send money to children's accounts. She says: 'Now's the perfect time to teach goal-setting. Whether they're saving for something special or a day out, help them track their progress and make smart spending choices by turning half-term into a budgeting challenge. Hill suggests: 'Encourage them to split their money into two pots; spend and save. 'This teaches kids the importance of balancing their finances from an early age, giving them a head start in building a secure financial future as adults.' 2. Offer a small 'interest' incentive. Hill suggests: 'If they save £5 by the end of the two-week holiday, you could add an extra £1 'interest' to show kids how money can grow over time – and encourage patience along the way!' 3. Try a half-term side hustle. Some budding entrepreneurs may want to start a 'mini-business' – perhaps earning some extra cash over Easter by selling items or doing tasks to help out the family, such as washing the car. Hill says: 'Spring in full swing, a small gardening business helping neighbours could be a great way to learn about pricing, costs, and profit – while getting some fresh air.' For those looking to maximise their earnings, GoHenry's Pocket Money Unwrapped report found babysitting was the highest-paid task last year, with kids earning £5.32 on average. Hill adds: 'For younger kids, earning their own pocket money is an empowering tool that gives more satisfaction rather than instant gratification.' 4. Set the family a 'best deal' challenge. Hill suggests asking kids to find the best-priced item while doing the weekly shop. She says: 'You get the shopping done without complaints of: 'I'm bored,' and the kids get to learn important lessons about shopping around for the best deals. It's a win-win.' The challenge could also be extended beyond the supermarket, to days out. 5. Have a family brainstorm. Personal finance expert Lynn Beattie, aka Mrs Mummypenny, suggests: 'Why not ask everyone to suggest three ideas on a budget, and see which options are the most popular that several people choose?' She suggests booking travel well in advance, making the most of railcards and checking out deals on websites such as and Breaking your journey up into multiple tickets could help to cut costs. 6. Be a 'tourist' in your town. You don't always need to travel miles to discover something new. Perhaps there's a great attraction on your own doorstep that you've never explored. Beattie, who is giving tips on behalf of Boundless, a discounts membership club for people working for or who have previously worked for publicly-funded organisations, suggests: 'How about walking around a nature reserve, or heading to a lake or river with a park where you can have a picnic and play ball games? 'Don't forget to look up local museums and art galleries that are often free to enter – and may be running free activities over the holidays too.' 7. Enjoy Easter crafting. Beattie says: 'We love to make a rustic Easter tree, where you pick some twigs from your garden or a country walk and hang them with painted eggs on ribbons.' 8. Cook a less expensive 'Easter roast' at home. Beattie suggests trying cheaper cuts of meat, which could be just as tasty. She adds: 'Instead of dining out, plan and prepare meals at home. If you're having family or friends over for dinner, why not ask them to each bring a dish to share, or even contribute to the cost of dinner?' 9. Try alternatives to Easter chocolate. Beattie says: 'If you do want to give gifts, why not consider homemade options such as fudge, cookies or chutney, rather than commercial Easter chocolate?' 10. Research free activities. Beattie suggests checking out your local shopping centre, library, church and shops. It's also worth scouring community boards, websites and social media for local free events, she adds. 11. Organise a Easter Egg hunt with neighbours. 'I have three teenage boys and we still do an Easter Egg hunt every Easter Sunday – they love it,' says Beattie. She suggests: 'Buy a multipack of small eggs and hide them high and low in the garden. Or for even more fun, get the neighbours involved and organise a mass egg hunt with the children in a safe place.' 12. Finally, don't leave it too late to set an Easter budget. Beattie says: 'Keep track of your daily expenses and adjust as needed. You could set a daily amount of £20, for example, and set the cash aside in an envelope. Once it's gone, it's gone, or if you don't spend it all, it rolls over. 'A budget will help you to avoid overspending and help you prioritise so you can focus on what is most important to you and your family.' Reusing and recycling what you already have, or visiting a charity shop could help, she says. Beattie adds: 'You might also consider swapping Easter decorations or clothes with friends or family – it's budget-friendly and environmentally friendly.'
