homey app Archives - Homey App for Families
Saving and Banking App for Kids
Teaching kids how to manage money is a vital part of parenthood but most often overlooked. As a means to help inspire kids to learn how to complete chores for money, Homey now released new financial literacy features. It allows parents to transfer kids’ chore earnings to an actual bank account to promote long term saving, enables kids to learn to manage their funds with the help of virtual saving jars, and offers families an adjustable system to track their chores and responsibilities.
Let’s Settle the Allowance Debate Once and For All
Allowance has been a topic of debate for years. Some parents feel that by giving a child money for their work, they will learn to value things. However, the concept of working hard isn’t always about the reward. It’s imperative to make sure you’re teaching your child the valuable lesson of working hard.
If you are a parent who feels obligated to pay your child for doing his/her chores, you might want to reconsider your actions. Your child has to learn that not everything we do comes with a reward and that our motivation for doing things should originate from a deeper place.