It is important to teach good spending and saving habits from an early age. A new website helps parents do just that with a few simple clicks. The site,
kidworth.com, allows the parent to set up an account on the child's behalf. Next, a savings goal like a new bike, college savings, or investment fund is specified. The child gets his own webpage describing the goal which can then be shared online.
Kidworth provides other innovative ways to share goals with relatives and friends like birthday and holiday e-cards containing links to the page with the ability to make a gift directly online. Thank you cards can even be sent for contributions. When the goal is reached, the parent is able to withdraw the funds and have a check sent to their home.
What tools do you use to teach kids about money?
