Teaching money value in the early years of childhood is one way of making kids understand discipline and avoiding them to become spoiled brats. Parents have a major role in this development and technology came in the way of useful learning for children. On the other hand, parents can utilize technology to teach their children values without compromising fun.
This is where the educational websites come in. If your kids are fond og playing computer games, why not use this opportunity to let them develop their money concept by one of these real time money management sites?
1. Virtual Piggy
This money management site is unique in a way that your kids can make an actual purchase, just like what you do on eBay or Amazon. Parents need not to worry if their children will spend too much or would purchase something child unfriendly. They can customize their kids’ account, set up a purchasing limit and block all sites which you don’t want your kids to purchase from. Your credit card information will be hidden from your kids for security purposes.
Tykoon is a smart way of teaching your kids money management as they engage in real life purchasing decisions and even giving to charities. In order for kids to gain money, they are ought to do chores or errands that they need to complete. It is up to the parents how will the reward their kids. When their kids will use the virtual allowance, Tykoon will send a notification email that serves as a permission to purchase. If the parents agree with the purchase, Tykoon will use the parents’ credit card detials to purchase the item.
Parents can customize the platform and security details of their children’s account.
Parents can register their kids a free account on Kidsworth. This money management platform is designed for kids to meet a certain goal, may it be smart products, savings and investment, or charity giving. These three goals are prebuilt by the parents council, or parents themselves can customize a goal of their own. When they receive gifts and allowances through Kidsworth, these will automatically add up to their account to reach the proposed goal.
4. The Mint
We know how difficult it is to rely on credit card and how hard it is to fully pay all debts. That is why it is very important to teach kids the essence of saving and managing money. The Mint is an interactive website that has fun games, useful tips, and teaching lessons poised to help kids learn about money management.
5. Rich Kid Smart Kid
Rich Kid Smart Kid is an interactive gaming website that allows kids to have virtual shopping using the main character. The aim of the website is to increase children’s financial literacy even at the early years of childhood. The fun games in different settings allow the kids to purchase virtual products with their virtual money and earn through “working.”
Teaching kids about money value doesn’t have to be boring and flat. Thanks to the different money management websites, you don’t have to sound demanding for your kids in terms of how they spend their allowances. These websites will help them learn correct money spending, investing, and saving independently.