Step-parents, single parents, guardians, relatives... the list can be long when it comes to talking about people who may be involved in a child's financial education. Of course, Gimi has taken this into account and has solutions regardless of your family constellation.
We want the child's real life to be reflected inside the Gimi app. That financial education merges, as best as it can, with the life the child lives in everyday life. It should therefore not matter if the child 'only' has an individual guardian, if there are four parents or if grandparent is included in the closest family. Gimi is for you. Therefore, in this blog post you will get a full guide on how you can use Gimi in the best way.
Parents separating today is of course sad and can be unsettling but it really is nothing unusual. According to Statistics Sweden, around 64,000 children in Sweden participated in a divorce during only the year of 2018. (Read more here). Therefore, the addition of step parents is more a rule than an exception and at the same time, more and more parents are having children on their own too. Others live with grandparents and some live in children's homes. Some live with their biological parents whilst some are adopted, and maybe that is just the thing with families; that they will always look very different.
How does Gimi work for parents and children?
No matter how your family constellation looks, Gimi wants our app to suit you. Therefore, inside Gimi, children can have an unlimited number of supporters and you as adults can also connect to multiple children inside the app too. All children may have different arrangements with weekly or monthly allowances, chores, savings bonuses and transfers. No supporter is dependent on the other and neither can children see details of other children even if they add to each other in the app.
Read the tips below for how to get the most out of the Gimi app for you and your child:
How do I add children to the Gimi app?
Under the first tab in the adult/ supporter version of the app, you will see 'Children', which is where you can easily add children. Start with your own, but please fill with siblings, best friends' children or other children in your area. Maybe there will soon be a birthday where you get the chance to contribute to your cousin's son’s big savings dream or maybe you need help with babysitting and ask the friend's teenage daughter for help. Having multiple contacts in the Gimi app opens up for the child's opportunities to learn more about money and to have their dreams fulfilled. At the same time, it is extremely fun for an adult to follow the financial development of several children at the same time.
How do I add or invite more adults to the Gimi app?
Grandmother, extra grandfather, aunt and contact parent, there are probably many adults in your child's vicinity who would like to support their financial development. Invite everyone. You can do this easily by going into the 'Settings' section of the app, where you can choose to both 'Share Gimi' and 'Add contacts'. You share the app to tell friends and colleagues about Gimi and add contacts to invite more people to become supporters of your children. You will not be paired with the other adults, only the children are. But by having as many people added as possible, Gimi makes it much easier when someone wants to send over Christmas gift money or if your child is asked to help a grandmother with the garden or to clean the car with a stepdad.
As a divorced parent, how do we manage weekly or monthly allowances with Gimi?
In Gimi, the child receives weekly allowance every week and monthly allowance every month, regardless of whether the child lives with you every other week, every three days, every other weekend or according to your different arrangements. Therefore, if you usually only give weekly money every two weeks, you should instead set half the sum in Gimi as it comes every week. A child can have several different weekly allowances, which means that the other parent can set the same way.
Whether you choose to give the same amount or different amounts is entirely up to you to decide. Some of you may offer the child more chores, while the other assumes that some chores are part of the weekly allowance. Or maybe one of you just has greater financial opportunities to give higher weekly allowance for example. If you aren’t sure how much weekly allowance you should give and want to seek advice, there are recommended instructions inside the app (go to ‘Settings’, choose the child and go to ‘Payday, allowance and bonus’ and then ‘Allowance amount’). But remember, all families and parents have different conditions and it is not something you have to fight to hide, it is rather important for the children to understand that friends do not have the same opportunities, so use this as an opportunity to open up the conversation.
How do I get a Gimi card for my child when both parents are separated?
To order a card for a child in the Gimi app, only one supporter is required to order it, everything is done digitally so it will be very straightforward. So unlike many banks that offer children bank cards, you do not have to physically visit a bank office and have both parents' signatures. With Gimi you can easily order our prepaid Mastercard with a few clicks in the app and have it delivered to your home two weeks later.
You get the card on purchase when you upgrade the app to Gimi Master and of course the card is connected to the app so that the child can follow their transactions themselves and see how they affect the savings dream. If you want to read more about the Gimi card, please click here.
How do I set up chores in the best way for my child in Gimi?
As an adult, it is rare for us to work for our parents, even if it does occur from time to time. Therefore, preparing your child for how life works in adulthood can be good, but of course at a level that suits them. Many children have a much more relaxed and nonchalant relationship with their parents than other adults, which makes it useful to practice getting a job from, for example, a grandparent or an uncle, as the discipline is likely to be slightly higher.
According to the Labor Act, children may start working for other than the family from the age of 13, before then it is likely to only be the closest family only. Therefore, if you have an older child, it might be a great idea to invite your neighbor to Gimi so that their son or daughter gets their first job by, for example, babysitting or mowing your lawn. Once the neighbor is inside the app, he or she can easily swish some money when the task is complete (read about how Gimi and Swish works here).
Using the Gimi app to add chores is a great way to teach your child how a salary works. Many children are now used to directly getting feedback through games and social media for example. They immediately receive confirmation of whether or not they succeeded with their mission or if their friends like a picture. And it works in the same way with Gimi too, but with a twist! The payment does not come directly to them, but the child can see that the task has been completed and that they will receive a reward for it and then they have to wait for 'payday' before the money can be spent. In this way, Gimi wants to train the child's patience a little.
Of course, a child should not be paid for everything that they help out with, some chores belong to everyday routines and should be done without reward. For those who do not belong to everyday routines, it is super smart to use Gimi. Read the interview with Lovisa Lofsan Sandström and get inspiration from how she organizes the distribution of chores at home, the interview can be found here.
Finally, here are some tips on what chores are suitable for adults and if you want even more inspiration, just look into the app or read the blog post with tips on chores during corona time (read the blog here).
A typical guide of chores for parents and guardians:
- Fill and empty the dishwasher
- Help out with cooking
- Pair socks
- Clean the basement
A typical guide of chores for grandparents:
- Mow the lawn
- Clean the storage room
- Water flowers
- Carry heavy things
- Peel potatoes
A typical guide of chores for bonus parents, parents' siblings, neighbors:
- Car washing
- Work in the garden
- Clean windows