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.

“Easily track and manage your child's allowance & spending online. Kids can easily learn about money management. Parents can spend more time with their kids.”

Zefty is a fun way for the whole family to work together to manage money. Kids learn the importance of saving and earning, and parents’ monetary assistance is documented and centralized. It is a great way to introduce everyone to real-life tasks, such as maintaining an online bank account.

Could this concept be used with actual banks so that true monetary transactions take place? What other features can be added for kids to learn about handling money? How may users be reached to learn about this tool?