Acorns Early (formerly GoHenry)
chore-based allowance with prepaid debit cards for kids ages 6-18
How it works
Acorns Early (formerly GoHenry) is a kids' money app and prepaid debit card for ages 6-18. Parents set up automated allowance tied to chores, and kids learn to earn, save, spend, and give through a parent-monitored experience with real-time spending notifications. The app includes gamified Money Missions for financial literacy and integrates with Acorns Gold for Round-Ups investing into a custodial account.
Is it right for you?
Consider if you
- You want a chore-to-allowance system built into the app
- You want gamified financial literacy lessons for kids and teens
- You have 2-4 kids and want a family plan discount
Skip if you
- Families wanting a completely free debit card option
- Teens focused on building credit history
Your money and data
Acorns Early's cards are issued by nbkc bank (Visa) or Community Federal Savings Bank (Mastercard) and are FDIC-insured up to $250,000. Parents can freeze cards, set spending limits, and receive real-time alerts from the app.
Pros & Cons
Pros
- Chores-to-allowance automation built in
- 100+ gamified financial literacy Money Missions for kids
- 45+ customizable card designs so kids can personalize their debit card
Cons
- Monthly fee adds up over time compared to free alternatives
- No credit-building features for older teens
Pricing details
$5/month per child · $10/month up to 4 kids · 30-day free trial available
On acorns.com · We may earn a commission
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