A few weeks ago I told you about Kidworth — a free service for parents to help teach children money management. I’ve had some time to try it out since then, and I’m really loving it. Here’s why. It actually makes saving FUN!
My kids love seeing how their savings are adding up. Nowadays, they are much more inclined to save towards a goal rather than flit their money away on crappy toys or junk food. And I feel like they are gaining an appreciate for what things are worth.
We set the two older kids up with 3 savings goals — a spend goal, a save goal and a give goal. The giving goals are both for our church offering. The kids get $5 a week for allowance, so they save $2 a month for the church offering. The save goal is for college. But the one they are all into is definitely the spend goal.
In the past, they’d mention something they wanted, and I would always say to save up for it. But it never happened. I realize now, I was kind of counting on that. Which is crazy-stupid! HELLO. I should have tried to help them achieve those goals.
With Kidworth, it’s easy because they can see it grow.
How cool is that?
You can add kid contributions, so any time they have allowance or monetary gifts they want to put towards a goal, you can easily record that. And you can invite friends or family to make contributions by sending a clever eCard with a link to the child’s Kidworth page — PERFECT for holiday gift giving!
The site is fairly easy to navigate, although I keep getting caught up when trying to add kid contributions and I have to start over from the Dashboard. Still, all in all, it’s very user friendly, and the kids love seeing their savings grow in a tangible way.
Right now, Kidworth is offering one lucky Musings of a Housewife reader a $25 gift card to Kidworth. To be eligible, all you need to do is sign up for a Kidworth account and share one goal your children chose to create. Leave your answer in the comments.
On Tuesday, December 27th, one winner will be selected at random using the And The Winner Is plugin for WordPress and will be notified by email. Please have a U.S. Mailing address. (When there are no more comments visible beneath this post’s title, that means the giveaway is closed. The winner will be announced on my Facebook page, so be sure to “like” me so you don’t miss it!) For other contest rules, see my Giveaway Policy page.
Disclosure: I am a paid ambassador for Kidworth. All experiences and opinions are, as always, my own.