Productivity that inspires kids to be actively engaged in decision making!
Learn More!The Penny Bank App is available for pre-order!
Soon the Penny Bank app can help shape your kid's finance and habits!
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Penny Bank's Features
Put the power of decision making in your kid's hands!
Love Tap
This is a fun feature that both parent and child can send to each other as a friendly reminder that there is something pending that needs attention.
Child Management
You are the bank! Give your children a sense of accomplishment with a visual wallet. You can delegate cash and time. Penny bank notifies and tracks when your child checks out their dashboard so you can monitor their habit of checking for tasks.
Time Banking
Penny bank introduces the concept of time banking. Time is the only asset we all share no matter the age. Distributing and withdrawing time for things your child is interested in will feel seamless with our discipline and rewards system.
Debt Discipline
One unique feature is the ability to take away cash or time from their wallet as a discipline. We find this to be most useful with time because it is the asset that kids are most disciplined and rewarded for their actions for the things they love to do. Accounts do have the ability to go into the negative insinuating they will owe that time back in responsibilities before they can start spending again.
Responsibility/
Contribution Chart
Posted note style cards help your family manage the responsibilities due. The Contribution Chart fills in a visualization block each day any child in the family completes a responsibility.
Goals
Posted note style cards help your family manage long term goals for your children. This feature is great for a goal being achieved over time such as school grades, behavioral improvements, etc... The embedded calendar gives a visualization of the start and endpoints of each goal.
Offers
Penny bank gives kids the power of decision making by giving them the ability to be proactive and make an offer on how much they want to be paid for a responsibility. You have to ability to accept or decline as the parent. This feature helps kids to develop a habit of providing value for value in return!
Withdrawal Request
Manage how your child requests for cash and time with withdrawal requests. This allows you to manage how much cash or time a child is able to use for certain things to maintain a healthy wallet and spending habits.
Love Tap
This is a fun feature that both parent and child can send to each other as a friendly reminder that there is something pending that needs attention.
Child Management
You are the bank! Give your children a sense of accomplishment with a visual wallet. You can delegate cash and time. Penny bank notifies and tracks when your child checks out their dashboard so you can monitor their habit of checking for tasks.
Penny Bank Plus Features
All the core features of Penny Bank plus a growing list of exclusive features!
Statistics Suite
Penny Bank Plus provides a more detailed statistics suite of your child's habits and financial health. Out the box you can see the punctuality of how often your child completes tasks on time. You can see a pie chart that shows as a whole what percentage each child contributes to contributions in the house. You can also see the wealth of each child in the house based on their wallet holdings. Considering children can make offers, some children can benefit from making their contributions more valuable. This gives a good insight of the spenders, the savers, and the negotiators!
Statistics Suite
Penny Bank Plus provides a more detailed statistics suite of your child's habits and financial health. Out the box you can see the punctuality of how often your child completes tasks on time. You can see a pie chart that shows as a whole what percentage each child contributes to contributions in the house. You can also see the wealth of each child in the house based on their wallet holdings. Considering children can make offers, some children can benefit from making their contributions more valuable. This gives a good insight of the spenders, the savers, and the negotiators!