Zimble is a multi-faceted app that incorporates a range of money management features:
Digital wallet: ‘Piggy bank’ accounts can be set up for the child to earn, save and spend with, which parents can make one-time and recurring transfers into.
Rewards-based tasks: Parents can offer monetary rewards to their children for completing tasks and goals, such as doing the dishes or excelling at school. Children can send photos and videos of completed tasks to their parents.
Parental oversight: The linked parent and child accounts allow parents to monitor their children’s financial activities with expenditure limits and real-time notifications.
Saving plans and wishlists: The app allows children to set savings targets and create wish lists of items for parents to fulfil.
Giving from wider circles: Invite extended family members and even close friends to contribute towards the child’s rewards and wishes, including birthday presents.