I was sitting next to a friend at dinner a few months ago, and he told me that I had to get my kids hooked up to Osper. In essence, Osper introduces children to the art of managing money. Osper have been researching the idea for quite some time, and after testing the cards for a couple of months I think they’ve cracked it.

Osper is a pre-paid debit card, an app that makes saving and spending money super-simple. Card holders must be between 8 and 18 years old, so I signed my nephew up. Joining literally took minutes, and with a nifty app it was very quick to add money. This reminds me of a modern day post office book, you can both see how much is on the card and how the money’s been spent. Three days in, and he had spent £3.86 at Sainbury’s, £4.20 at Gelato Mio, and I had he option to ‘add more’.

This is a brilliant tool for teaching our children how to look after their money in a safe way. It encourages them to be sensible, and actually think about what they’re buying with their money. When I first heard about it, the idea of an 8 year old having a credit card seemed crazy, but that’s not really what it’s about, and I can recommend it to anyone with children looking to learn about money.