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Mobile apps are replacing piggy banks for kids who have extra pocket change.

Dec 19 2019

Mobile apps are replacing piggy banks for kids who have extra pocket change. In a move to teach young people about financial management early on in life, Europe-based budgeting apps like GoHenry, Osper, Gimi, and Revolut Youth offer money management services for kids 7-to-18-years-old. For a monthly subscription fee, parents can add money to their kids’ accounts, set limits, or monitor payments. Over half of Gen Z and Millennials tell YPulse they wish their parents taught them more about managing finances, so starting to learn digital spending skills at a young age could be a positive. (CNN)