My First Nest Egg

3.7
24 reviews
1K+
Downloads
Content rating
Everyone
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About this app

My First Nest Egg is the convenient and fun chore, allowance, and financial education solution to give young children healthy money habits in a cashless world.

Developed by two moms looking for a solution for their own children, My First Nest Egg helps busy parents who want to track money, allowance, and chores, while giving their kids a financial education.

With features such as a virtual wallet to track allowance, gamified chore puzzles to encourage earning, a daily financial lesson to teach financial literacy, and credit score game to teach the basics of the credit system, My First Nest Egg is what every family needs to help them raise money smart kids.

Money habits are set by age 7. My First Nest Egg gives parents the tools they need to grow their kids into successful adults. The creators are two moms who spent hundreds of hours consulting with behavioral and psychological experts about how to instill necessary life skills in children. Using what they learned, they built this platform for other families searching for an age-appropriate solution to teach financial literacy. My First Nest Egg helps you get your kids to make their beds, put on their own shoes, get in the car on time…and learn that compound interest can make or break financial success.

How: My First Nest Egg uses science to build good habits in little kids at a crucial time when life habits are being formed. Little kids are like sponges - they soak up every lesson you intentionally, and more importantly, unintentionally, teach them. My First Nest Egg ensures that your lessons around money and effort are intentional. With this App you can teach a child as young as 3 that effort results in a reward.

Virtual Wallet:
Little kids don’t need real money! They lose cash and parents just end up buying the things they want for them on their accounts online or in stores. My First Nest Egg offers an easy way for parents to track children’s virtual funds in three accounts: Save, Spend and Give. When your child wants something, you simply buy it and deduct the amount from their account. Because we don’t handle any real money, parents can sign-up for the App with just a name and email address. We don’t need your social security number or bank account information.

Earning is Fun:
My First Nest Egg employs a patent-pending puzzle system to teach kids delayed gratification. Instead of a boring chart, a child’s goal is put into a puzzle which is then broken into a number of developmentally appropriate pieces, and the child earns that goal piece by piece. The child receives the affirming instant gratification with each piece, but learns delayed gratification by waiting for their prize (either a reward or allowance) until the puzzle is completed. Choose a preset puzzle informed by an expert in childhood behavioral wellness and development, or create your own custom puzzle. They’re easy for the parents and fun for the kids. You can do everything from potty training to distributing allowance.

Community Motivation:
Achievement and depression are inversely related. Kids NEED to achieve and My First Nest Egg gives them that opportunity and then recognizes them for those accomplishments. My First Nest Egg has a community page with monthly leaderboards which track Achievements, Acts of Kindness, and Instances of Saving (not how much, how often). Kids can be inspired by other kids working towards the same lifelong habits. Parents can give their kids nicknames for the leaderboard, we use emojis instead of photos, and you will be asked if you want to opt-into the board.

Daily Financial Lesson:
Every day there is a new, fun, financial lesson built into the app. Kids build their financial vocabulary and knowledge of how money works in the real world.

Credit Score Game:
Kids learn the basics of how the credit system works by building, and maintaining, their own in-app credit score.
Updated on
Feb 16, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Location and App activity
This app may collect these data types
Location, Personal info and 3 others
Data is encrypted in transit
You can request that data be deleted
Committed to follow the Play Families Policy

Ratings and reviews

3.7
24 reviews
Ricardo Edwards
September 30, 2023
I just downloaded the app and really tried to make it work. It's not scrolling properly, and it's difficult to go between the child view and parent view without shutting it down and logging back in. I also can't find how to see the list of chores that are pre-loaded and / or edit the existing chores. It's not really your user-friendly, and I have spent over an hour trying to navigate the app with no success.
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Gary Friedman
February 12, 2023
I want to like it a lot. It works... Okay but has a lot of limitations and issues. The biggest of which is that the math doesn't always add up which is a big problem for a money tracking app. For example, I have an egg with $3 in spend and the transfer screen says $14 is available, which is more than the entire thing so I have no idea where it's even getting that. The view only mode for kids also just doesn't provide much, for example not being able to perform or at least request transfers.
1 person found this review helpful
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Kevin Osteen
October 19, 2022
We wanted this to be a great option for our family. Unfortunately the implementation feels impossible. We watched the training video several times....it tells you what you can do, but never how to do it. Having the app on your child's device proved more difficult that I expected and we got no response when we reached out for help. Frustrating. Seems like this could be a great fit but it just ended up being something we couldn't makes sense of because of the lack of support or directions.
2 people found this review helpful
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MyFirstNestEgg
August 15, 2023
Hi Kevin - we've chatted via email and hopefully were able to clear up any issues. Let me know if you have any other questions. Thx! Annie

What's new

Free for families
New Credit Score Game
No In-App purchases