Kids look up to parents when growing up and almost all the things they do they learn from their parents. Spending habits are one of the things children might pick up from parents. While parents can teach so much to their children about money matter, the internet is load of sites that can do the teaching as well.
Browse down below for the top 5 sites all across the web that can teach your kid everything about saving, spending, and sharing money.
1. Never Go Astray with MoneyTrail
MoneyTrail helps your child keep track of money and allowance. It helps by splitting your child’s money into cash, check, and gift checks. The site comes with an Automatic Purchases option so the child can configure auto charging for gaming subscriptions and cellular phones charges, things the parents are not paying for. MoneyTrail is ideal for IOU processes and helps keep your children’s money intact.
2. Build Your Child’s World with Tykoon
Tykoon aids parents in allowance money tracking and pay handling to their children. The child can use his or her account to request for money to be spent on toys or gadgets, which will have to be approved by parents first. If they approve, the parents’ credit card will be used for spending; charges and subtractions will reflect on the parents’ virtual money after purchase.
3. Know Money’s Worth with Kidworth
This site allows family members to send money to a kid’s account through personalized gift cards. Children are to fill a wish list so other family members can view and won’t spend so much time guessing what to give for birthdays and holiday. The child is able to keep track of his or her money in virtual representations. The child can place money in save, spend, and share sections and parents are notified.
4. Fill Up for Dreams with Virtual Piggy
Online purchasing is secure through Virtual Piggy. Parent are notified when their children decides to buy something off the internet. Parents are able to setup spending limitations per store and children are only able to buy from approved sites. Children account can be put on hold if they are unable to complete a task or have low academic performances. Also, the site aids children in understanding saving, spending, and sharing even better.
5. Work and Get Rewarded with My Job Chart
A top billed site for chore chart and rewards tracking, the site enables parents to log in and assign tasks to their children. The child can then enter the site, complete the task, and see points added right after the task is complete. The points can be converted to cash for saving, spending, or sharing. Parents can link bank accounts so their child can buy from approved sites like Amazon. The parents of course will have to be notified first before purchases are completed.
There are a lot of tools to choose from. Visit each one and see which addresses your needs. Start helping your children do wise decisions with their money today!