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The Gimi Blog

Discover ideas for getting financial superskills in your family!

Financial literacy for children: An ideal birthday gift

Celebrating a birthday as a child means so much more than just cake, presents and parties.
Turning a year older is a symbol of maturity which unlocks new opportunities to enter the grown-up world. These opportunities are evident and are about, for example, being able to go to the cinema without parents, allowed to be home alone when you are sick, and allowed to work for other people than your family. Becoming a year older is therefore an opportunity for increased responsibility and a higher independence too. Children's birthday presents follow this same pattern by confirming the new responsibilities.

But can you and should you give financial literacy as a birthday gift? Find out in this post.

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The forgotten expense of the summer holidays: Tips for managing

Ice cream and the summer holidays go safely hand in hand. To many children, having a daily ice cream is just as an obvious combination as taking a swim as soon as the water is warm enough. Perhaps something which is not as obvious is how much money this daily ice cream costs. The average summer holiday ice cream consumption for a family results in an expense of several thousand SEK which is probably nothing which children would usually reflect on, nor anything that the parents spend time thinking of until after the summer has finished.

… but stay calm, there are solutions that allow you to both enjoy the wonderful frozen stick and at the same time stick to your holiday budget. Let's teach our children about money and budget in a fun and engaging way - Keep reading for Gimi’s ice cream quiz!

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The summer holidays - 5 money lessons for children

Giving your child weekly or monthly pocket money is a great way of teaching them how to manage their own money and understand finances in a better way. In combination with creating chores to physically earn the money sets a good foundation to work from.

With the school holidays nearing, this blog will give you a 5-step guide on how to manage summer holiday finances as a family and give your child the opportunity to gain a financial understanding by creating savings goals and a chores roadmap to hit them too!

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Save the planet - 5 tips for smarter consumption!

Changing how we travel, recycling more and introducing vegetarianism into our lives are all aspects which young people are well aware of. If there are any who drive the topic of improved environmental policy, it is this group of people and we should be proud of their incredible engagement. The fact that children and young people want to make a positive difference is clear and it is therefore up to us as adults to support and help them in this mission.
In this blog post we will focus on how Gimi can help to contribute. It's about giving inspiration to UN's global goal nr. 12 - responsible consumption and production.

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Children buy snacks, sweets and apps with their pocket money

We already know that the children and youth of today are a digital generation. We also know that they like sweets and snacks, I mean which young people don’t? But how much money they spend on their digital interests and their sweet cravings is probably something which many people are unaware of, especially in relation to other children's spending.

In this blog we have used exclusive anonymised data from the Gimi app to unveil how often, how much and on what exactly children in Sweden spend their money on today.

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When is my child ready for their own card?

Many parents wonder when a child is truly ready for their own card. The questions are usually around what age a child should go from cash to digital money, or perhaps how to decide whether a child is mature enough to take their own financial responsibility.

So, keep calm help is on hand from the Gimi team... In this blog, we discuss approaching this subject in a simple way and we have created some handy guidelines for you to rely on.

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Talking to children about an economic crisis

Sweden and the rest of the world are currently facing a huge financial strain, but we are sure that’s not news to you. The uncertainty is imminent and at the same time many parents feel that they have a responsibility to let everyday life continue as usual, for the sake of their children.

A question we want to help with answers to is whether it is right to talk to a child about the unstable economic situation and explain to them how it affects us on an individual level?

In this blog we hope to give you the answer!

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5 Tips for restless children

When leisure time activities, cinemas and playgrounds are not an option for entertaining the family, it is highly likely that kids will start to climb on the walls at home.

Gimi has put together a helpful list of five activities which children can entertain themselves with (and at the same time make life so much easier for you as a parent). It’s a win-win!

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Digital money

Money has been a part of our society for thousands of years, and before that we used a barter system to obtain things that we want and need. Now we are approaching a new chapter in the history of money, because cash is on the way out.

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Earning money as a child

Can children earn money before they turn 18? It’s totally possible! But there are a few laws and rules that tell you what you can and absolutely cannot work with depending on how old you are. There are even some jobs that are adapted for children and young people!

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Are you ready for smarter pocket money?