Abacus is an educational allowance and chore app that teaches kids about money. They will learn the best practices in personal finance through hands-on learning. Saving, spending, giving and investing are all covered. Get rid of your old piggy bank or jar system for allowance and chores and get your kids learning about money in a fun and engaging way.
Here is more detail on our pillars to raising money-smart kids.
Saving - Teach your kids the power of delayed gratification by having them identify and contribute to long and short-term savings goals.
Spending - Through managing their own money & tracking it through the app, kids learn how to recognize needs vs wants and prioritize their spending.
Giving - By contributing to causes that matter to them, kids develop a sense of belonging in their community and compassion towards others.
Allowance - Allowances mimic payday and help kids learn the skills needed to be responsible with their money through regular, hands-on practice.
Earning - Encourage a strong work ethic & entrepreneurial mindset by letting kids make money around the house or through their own side hustle.
Card - A debit card gives kids a sense of ownership while the app lets them track, review, and learn from their spending habits.
Investing - Through a simple and fun way to invest, kids will learn how to build wealth and watch their hard-earned dollars grow.