'Pennybox' Can Teach Kids Money in a Fun, Social Way
Michael Hemsworth — April 17, 2017 — Tech
It's important to teach kids money and finances early on to ensure they know the value of a dollar, so 'Pennybox' is an app that works to ensure the process is fun, game-focused and social.
'Pennybox' allows kids to list tasks, chores or jobs that they want to complete in order to get money from parents, caregivers or teachers. Kids can set an amount that they are looking to save over time in order to let parents or loved ones know what they are looking to spend their money on.
The 'Pennybox' app acts as a great tool to teach kids money and finances that incorporates games along with a social aspect for a more modern experience for digital natives.
'Pennybox' allows kids to list tasks, chores or jobs that they want to complete in order to get money from parents, caregivers or teachers. Kids can set an amount that they are looking to save over time in order to let parents or loved ones know what they are looking to spend their money on.
The 'Pennybox' app acts as a great tool to teach kids money and finances that incorporates games along with a social aspect for a more modern experience for digital natives.
Trend Themes
1. Gamified Education - The trend of gamifying education is disrupting traditional learning methods and creating opportunities for interactive and engaging experiences.
2. Financial Literacy - The growing trend of promoting financial literacy through apps and technology presents a disruptive innovation opportunity to improve money management skills from an early age.
3. Social Learning - The rise of social learning platforms like 'Pennybox' opens up possibilities for collaborative and community-driven approaches to teaching financial literacy and goal setting.
Industry Implications
1. Edtech - The EdTech industry has the opportunity to create more gamified educational apps that assist in teaching financial literacy and money management skills.
2. Fintech - The FinTech industry can develop innovative tools and platforms to promote financial literacy and provide solutions for managing money in a fun and interactive manner.
3. Social Media - Social media platforms can explore integrating educational finance apps like 'Pennybox' to foster social learning and encourage financial discussions among users.
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