PARENTS, YOU DESERVE CREDIT: Raising financially smart kids just got less stressful and a whole lot easier
Piggy banks may still be useful for some — but Greenlight, an Atlanta-based debit card and financial trainer app, is aimed at kids and parents as the latter teach the former about how to grow and manage money in 2022 and beyond.company that's on a mission to help parents raise financially smart kids," Greenlight founder and CEO Tim Sheehan told Fox News Digital in an email exchange on Thursday, Jan. 27, 2022.
"Financial literacy is one of the most important factors in our health and well-being," Sheehan also told Fox News Digital, adding that it's "the gateway to building a strong financial foundation for the future." With the app, kids can save, donate, and invest money. They can keep an eye on their balances, set financial goals, and research stocks.
Parents can set up the app to allow kids to experience the real-life rewards of earning, spending, saving, and investing — with a built-in cushion that prevents them from making any seriously devastating choices. With the Greenlight app, kids learn early on to connect the work they do with expanding balances — then to connect those growing balances with greater buying power.
Though parents can put strict controls on how much a child can spend in a given category, some kids learn best by actual experience — even if that experience leads to temporary disappointment. much on frivolous items — then see exactly how poor choices delay the achievement of larger, more desirable goals. Why are adults using this card, too?
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