Smart Money had a recent article about online programs to teach kids about money. Large banks are focusing less on kids accounts and in recent years there has been a dearth of new online games and programs. I have looked at but have not reviewed these sites.

The article reviewed and has links to six sites: Three Jars, Zefty, MoneyTrail, PlayMoolah, KidsCash and KashPile Generally, these sites hare several common elements:

They aren't repositories- these site are like Mint.com, e-Wallet and other sites that allow you to put your info in and then see in pie charts and graphs. They are in most cases and according to one reviewer, online 'allowance trackers.'


They teach - PlayMoolah uses games to teach kids about earning, saving, spending and generally managing money. Games for earning, saving toward goals and practicing charity . Graphics entertained me.


They track - these programs allow to set up chore schedules, financial goals like savings and giving . Making info about money and tracking systems online, like mom or dad manage their money, makes this timely and perhaps a great tool for your family. Even for parents intimidated by money, these kid-friendly tracking systems may be a great learning tool for you.


They may sell- These sites are free and use commercials, ads, to offer their services. In the case of the online program KashPile, kids- with your permission- can buy things. KashPile, in fact refers to itself as a 'shopping system' to allow kids' savings to be used on Amazon.

You will want to review these sites carefully. But they do have pomise of fun money management tools for kids.

Citation:

Smart Money-

Review of Zefty-

Marion Syversen, MBA
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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