Piggybankinc.com/ In their own words
"Get an automatic weekly email reminder of their updated allowance balance. Update their balance yourself: withdrawals for when they make purchases, deposits when they do chores or they 'deposit' cash from other sources with you. Encourage them to save by giving them a weekly interest rate, teaching them first-hand about compounding interest."
Why Piggybankinc.com/ might be a killer
PiggyBankInc.com is easy to use. Setting up an account is very easy to do and managing the account is easy enough for children to understand and handle. PiggyBankInc.com is a great idea for families, because it is an educational activity they can do together. Children will enjoy feeling control over their allowance and parents will be happy that their child is learning about financial situations. Children will think twice about buying a play station when they see how it affects their bank account.
Some questions about Piggybankinc.com/
PiggyBankInc.com could come up with a web design that is more child friendly, add more colors and images so that children become more engaged while using the site. PiggyBankInc.com could also include a notes section where the children could plan out future investments, such as when they are 16 they want to buy a car, so they know how much do they need to save each month over 6 years to buy their dream car.
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