Pigzbe will teach your kids to be smart with money
Knowing how to look after your personal finances is an important life skill. Pigzbe is a digital piggy bank that will teach your kids about money through fun mini-games.
- How much pocket money should you give your kids? There’s no right or wrong answer here. Think about your family budget and what your kids might want.
- At what age can you teach kids about money? The earlier the better. Even very young kids can start to understand what things cost.
- What is the best way to teach kids about money? Pigzbe is a digital piggy bank that allows kids to manage their pocket money and learn about saving.
Adult life isn’t easy for anyone. The list of responsibilities is long, and your free time is short. But for the young folks who understand how to look after their money, the transition is a little smoother. At least their hard work is rewarded with a rising bank balance.
You can teach your kids this important skill set with Pigzbe. This digital piggy bank helps your offspring to collect pocket money, visualize their earnings and spend it wisely.
What is a digital piggy bank?
Although cash is still a major part of our economy, the world is moving away from physical currency. For kids that will grow up in a world dominated by credit cards and digital payments, it makes no sense to be saving up shiny quarters.
Pigzbe is a digital piggy bank that allows kids to manage their pocket money and learn about saving.Click to tweet
That’s why Pigzbe runs on a digital currency known as Wollo. When you want to send pocket money to your child, you simply purchase Wollo using your local currency and make a transfer via the companion smartphone app.
There’s no fee for using Wollo, even across borders — so distant relatives can easily send Birthday gifts. In addition, parents can assign rewards for completing chores.
When your child wants to spend their savings, it’s easy to turn Wollo back into normal money. Furthermore, you get to check any proposed spending spree before it happens.
Learning about personal finance
While Pigzbe is certainly useful as a digital piggy bank, it’s even better as a learning tool.
Kids can easily check their piggy bank balance via the device and see notifications for new transfers. In addition, Pigzbe lets your child manage their tasks, visualize their savings, and even share with friends.
There’s more in the Pigzbe app. Here, your kids can set their savings goals and create a budget. Notice that these are the precise skills they will need later in life.
You might be wondering about the security side of this. Whereas a physical piggy bank can be kept safely within your home, a digital wallet is easier to lose.
Thankfully, Pigzbe is super secure. Your kid’s savings are protected with hardware encryption, and the Wollo currency can’t be stolen from the Pigzbe.
“Pigzbe is a fun, handheld home for your child’s digital pocket money. Get notified of new allowances, tasks and rewards and unlock new knowledge to learn as you earn.” — Team Pigzbe
Piggy bank 2.0
This device provides a great introduction to money management for ages six and above. What’s more, it allows kids to get used to digital currencies.
Digital currencies are known for being somewhat volatile. Only time will tell as to whether Wollo will boom or bust.
– Kickstarter: Until January 25th
– Pledge: $79 USD
– Delivery: June 2019