Helping Teach Your Child the Value of Money
While most kids understand that money doesn’t grow on trees, many think it simply pours out of ATM machines instead. Even if they understand that college costs money – and a lot of it – they’re probably unconcerned about how that money is actually going to arrive when the time comes.
By giving your child a solid grounding in the true nature and value of money, YoorKids helps prepare them for a more sound financial future in a fun and rewarding way. The app not only helps a child to think about saving money as opposed to spending it, but it opens up healthy conversations about their future.
With statistics from CBI Economics showing that children who gained an early grasp of the value of money attain careers in adulthood that pay 28% more than average, YoorKids isn’t just an entertaining way of teaching kids about money—it helps them to succeed in later life.
Start Teaching Them Early
Most children can reason logically by the age of 7, a good time to introduce them to the idea of their own money and the value of saving it. YoorKids teaches your kids the future value of their allowance and savings, helping them gain the financial insights they need to prepare for adulthood.
While you can start this education at any time, the sooner your children learn how finances work, the better prepared they will be for life in the real world. With YoorKids, they can learn about saving, investment, and compound interest in a fun and meaningful way.
Keeping it Simple and Fun
The YoorKids app allows friends and family to gift money to a child in a memorable and entertaining way. As a result, the app provides a compelling way for children to consider how much money they might have in the future and what they may need to spend it on.
By introducing them to the idea of saving in a fun and simple way, the app heightens their sense of monetary value and introduces them to another important aspect of the monetary world.
Time: The Magic Ingredient to Savings
When it comes to making the most of your savings, when you start saving is as important as how much you save. YoorKids introduces children to the idea of compounding without the complexity and jargon that goes with it. Children simply begin to understand that the longer they keep their money in a savings account, the faster it grows. YoorKids coins offer a tangible way for children to picture financial growth.
By helping children understand the true effect that time has on money, YoorKids introduces children to the power of compounding in a simple way. With compound interest causing your child’s savings to quickly snowball, in the not-too-distant future, they may very well be able to pay for college or put a downpayment on their first home themselves.
And how great is that!
YoorKids: Financial Education Made Fun
Download the YoorKids app today and start your kids on the road to a solid financial future.
