That plastic card mum and dad carry around in their wallets isn’t just an endless supply of money, and in an increasingly cashless society, it’s important kids learn this. So how do you teach kids the value of money and how to build responsible money habits? With the help of the Spriggy app!
Co-founded by Alex Badran and Mario Hasanakos, Spriggy is an Australian business, independent from the banks, on a mission to help raise the financial skills of Aussie kids.
What is Spriggy?
Spriggy is a financial education company designed to help parents teach kids about money, spending, budgeting and saving. Spriggy empowers children to be responsible and independent with money by making their own spending and saving decisions. It’s the digital alternative to pocket money!
How does Spriggy work?
With Spriggy, kids (between 6 and 17 years old) are given a prepaid card which they can use to shop online or in store (anywhere were Visa is accepted). Using the app, parents can:
- Instantly load money to the Spriggy card
- Monitor their child’s spending
- Lock the Spriggy card if it’s lost or stolen
- Get real time spending notifications
- Set savings goals for their child
- Set and manage jobs for their child to earn pocket money from
- Set up automatic transfers.
How much does Spriggy cost?
The Spriggy app is free to download from the App Store or Google Play. A Spriggy membership costs $30 per child, per year.
Have you tried Spriggy? What are your tips for teaching kids about the value of money? Let us know in the comments below 😊