Nickel

The allowance that teaches.

discussion
Would you recommend this product?
No reviews yet
Ben Tossell
No-coder 👉 Makerpad.co
I definitely needed something like this!
Upvote (5)
Share
Nik Sharma
The DTC Guy
@bentossell I was just thinking the exact same thing. Wonder why it didn't receive more up votes.
Upvote (2)
Share
@bentossell See onbudget.com. It uses the same prepaid mastercard platform and comes with a companion app.
Upvote
Share
Chris FrascellaContent Director, Velaro
@rsgopi @bentossell 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). @oliverdeighton have you thought of doing something like https://www.producthunt.com/tech... (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) ?
Upvote (1)
Share
Michael DearingFounder, Harrison Metal
A smart and easy way for families to teach re$ponsible living to kids.
Upvote (3)
Share
Is it weird that I want to get this and put myself on it?
Upvote (3)
Share
Skyler HairCo-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!
Upvote (2)
Share
Thomas SoerenesEmail 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.
Upvote (2)
Share