Transitioning from childhood to adulthood is a significant milestone. It involves making important decisions and considering various paths. What comes next? Continuing education? Entering the job market? Thinking about purchasing a car or a house? Starting a business? There are numerous possibilities, but often, financial constraints limit the options available to young adults.
Unfortunately, most children do not have a financial cushion waiting for them when they reach adulthood, which restricts their choices. However, with the YoorKids platform, accumulating wealth for a child becomes an achievable goal rather than an extravagant luxury.
What is YoorKids?
YoorKids is a gifting app that facilitates contributions to a child’s financial account from their community. Increasing the number of contributors can create a brighter future for the child. No longer are parents solely responsible for making deposits into their child’s account. Now, everyone can contribute and play a significant role in the child’s future success.
Read more about YoorKids.
How Does YoorKids Work For Your Child?
Parents act as the gatekeepers of their child’s profile on the app. They initiate the process by downloading the app, setting up a profile for each child, and linking their financial accounts to these profiles. Once this is done, parents can then invite friends and family to download the app and connect with their child’s profile.
Parents create “Events” through the app to celebrate significant milestones and achievements in their child’s life. These events are visible to all connected friends and family, who can contribute gifts if they wish.
Gift givers package their financial contributions as a digital coin, which is then added to the child’s YoorKids account. These digital coins include exciting visuals that act as a capsule for that gift and special time by having graphics, photos, videos, and personal messages created specifically for the child. These memories are stored in the child’s YoorKids screen and can be cherished for years.
Many parents create their child’s profile for early savings and investing before the child can use a screen. As the child ages, parents may allow them to engage with the app’s interactive user interface, including the digital coins, their content and a running tally of all contributions to their accounts. This allows them to reflect on their journey through childhood by looking back over the years and helps them remember who contributed to their future.
Advantages of YoorKids Gifts
The YoorKids platform is revolutionizing the concept of gift-giving, benefiting both recipients and gift-givers. Although contributing to a child’s financial account as a gift may seem unconventional, it offers numerous advantages.
Gifts That Keep On Giving
Every child has a wish list of toys and items they desire. However, as adults, we understand that these desires are fleeting. A $50 toy that a child wants today may be forgotten on a shelf within a year, week or even the next day. Sometimes, a toddler finds more joy in playing with the box the gift came in than the toy itself.
That’s where YoorKids comes in. With YoorKids, the loving community contributes to financial accounts, allowing the money to grow over time. As the child reaches adulthood, these monetary gifts transform into a truly impactful present that can support them in their journey into young adulthood. A YoorKids gift from the child’s second birthday becomes part of a first-year college tuition payment or downpayment.
Although the child receives fewer physical gifts with YoorKids, they’ll receive the digital, social media-like gift now, and there won’t be a single regret when the child gets that sum of money in the future.
Head over to lean how YoorKids is revolutionizing gift giving what changes it brings.
Financial Literacy
One of the app’s core features is its emphasis on financial literacy. Whenever a child receives a contribution, both the parent and child can engage with the digital coin, watching the values grow and introducing concepts like savings, compounding and the value of money. This sparks conversations about money within families. These early conversations are important for a child’s future financial well-being and financial empowerment.
Feels Like a Gift
YoorKids makes contributing money to a child’s financial account feel like a gift. Unlike traditional deposits, where it’s just a line item on a bank statement, the app allows the child to collect a digital coin with each contribution. This adds an element of fun and creates a memorable experience for the child.
The Digital Coin
The most captivating aspect of the app for the child is the digital coin that goes into their YoorKids. The gift giver can choose from a selection of graphics related to the child’s milestone, such as:
- Birthday
- Sport Win
- School Achievement
- Religious Milestone
- Graduation
Each coin can be loaded with photos, videos, messages and even handwritten notes through the app. These memories are preserved and can be revisited anytime. Imagine being 18 and going back in time and watching your grandma sing “Happy Birthday” to you on your first birthday! Or see your grandfather write “Great Game!” with a picture of you, him and Dad after the big game.
“Digital media is everything for kids today and will continue to be so.”
No Fees
There are no fees for kids or parents with YoorKids. The gift giver pays minimal transaction fees when they transfer funds to the child’s financial account. All the gifted money goes to the child’s account.
Wrapping Up: Building a Brighter Future With YoorKids
YoorKids offers a unique and innovative solution for children to accumulate wealth and secure their financial future. By creating a platform that allows friends and family to contribute to a child’s financial account, YoorKids helps prevent financial constraints from limiting the opportunities available to young adults.
The app promotes financial literacy by introducing concepts like savings, compounding and triggering conversations about money. YoorKids provides a fun and memorable experience for both the child and the gift giver. With the ability to store memories in digital coins, YoorKids creates a lasting impact on the child’s life. Additionally, there are no fees for kids and YoorKids ensures that all gifted money goes directly to the child’s account. Overall, it revolutionizes the concept of gifts and empowers children to build a brighter future.
