bankaroo is a virtual bank for you and your kids.
You can manage your kid's funds, and teach them about the value of money by helping them save for their goals on bankaroo.
Use the bankaroo mobile app to keep track of your kid's balance on the go, add and use funds anywhere you are!
Use this mobile app to:
= Sign up and login to the bankaroo service
= Create and manage kids accounts
= Add funds to kids accounts
= Set kid's allowance
= Log usage of funds
= Set and manage saving goals
= Add cool icons to goals
= Review goals and saving status
= Earn cool badges
= Review upcoming activities
= Review past activities
= Teach our kids about money and making smart financial decisions
= Facebook integration - post updates to your wall
The bankaroo service supports accounts in USD, GBP, Euro, NIS, CAD and JPY. (Tell us if we the currency you are using is not listed, and we will add it).
You can also sign up and use the service online at http://www.bankaroo.com
The story of bankaroo
Growing up in the Silicon Valley, Danielle was always fascinated by computers and their endless possibilities. She likes to go on walks with her dad, Etay, and pitch ideas to him. One day, they were out shopping and she wanted dad to get her something using her chore money. Dad said she already used it for something else, but they couldn't remember what for. This was the inception of the bankaroo idea.
Danielle wanted to build a website and a mobile application that will help parents teach kids about the value of money, as well as help them manage their allowance, gift and chores money. She came up with bankaroo (http://www.bankaroo.com), a free service that is a virtual bank for kids money, where they can save up for goals, use money for different things while their parents can add allowance, chore and gift money into their virtual account. The real money stays in the parents' wallets, but the virtual representation of it is very real.
Danielle came up with the functionality and the design and dad developed the website and app. Danielle was the QA specialist and critique, and also did all the tutorials you can see on the site. The service is completely free and is a service for the community and for all kids out there.