Zefty.com - Teach Kids About Money Management

Piggy banks, be gone. Here comes Zefty, a money management tool that brings kids and parents together.

This free website is designed to make giving kids allowances simple for parents, as well as teach kids about money management. Parents set up a “bank account” for the kids, adding and subtracting money as desired. Although there are not actual monetary transactions, the values represented in the accounts indicate the amounts that will be paid. Both parents and kids have their own log-ins to the accounts, but the management comes from mom and dad. Kids use the site to see their balance. They also can enter in information on what they would like to spend their allowance on, and the estimated associated cost.