Teaching children how the value of money and budgets is hard. It is arguably getting even more difficult in our nearly cashless world. It can also be difficult for parents when their kids want some pocket money, but they do not have any cash on them. The AP had a good feature on this issue on Monday. It listed a variety of pre-paid debit cars and apps that can be downloaded and used as a virtual piggy bank. They include apps such as gohenry, Nimbl and Osper in the UK, and Famzoo and Greenlight, which also works with Apple Pay, in the US. The aim is to offer both flexibility to kids and control for parents.
Check It Out: Pocket Money Apps for Kids