The allowance that teaches.
5 years ago
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No-coder 👉 Makerpad.co
I definitely needed something like this!
The DTC Guy
I was just thinking the exact same thing. Wonder why it didn't receive more up votes.
See onbudget.com. It uses the same prepaid mastercard platform and comes with a companion app.
Content Director, Velaro
I didn't see anything about generating interest on savings for onbudget (or for oink) - did I miss it? That is important element of Nickel's "teaching" angle I think (though budget reports are certainly a part of that as well, which onbudget and oink do seem to provide).
have you thought of doing something like
(purchases are rounded up to the nearest dollar and the "extra change" is automatically put into a savings account; Chime pays you 10% interest on your roundup amount each week) ?
Founder, Harrison Metal
A smart and easy way for families to teach re$ponsible living to kids.
Is it weird that I want to get this and put myself on it?
Co-Founder & JS Dev, LeadTrain.com
I really like the ability to set a custom interest rate that can be meaningful and motivating to a child. Great product!
Email Marketing Specialist
How much of an allowance does the target demographic of this app give their kids? Any stats on that yet? To me, it's a bit hard to justify charging $5 per kid per month (compared to for instance a 2-5% transaction/processing fee), but I also don't have kids.