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Overview

Confronted with the challenge of making financial education appealing to children, the team at KiddieBank identified the need for a more engaging and intuitive approach to money management for kids. Initially, the app allowed parents to simply track their children's allowance and spending. However, it became clear that this method lacked engagement from the children's side.

To address this, we revolutionized KiddieBank's functionality. The app now features a dynamic and interactive interface where children can actively participate in managing their finances. We introduced a system where kids earn points for completing chores and exhibiting good behavior. These points can be converted into real allowance, teaching them the value of hard work and money.

Furthermore, we developed an innovative rewards system. Children can save their points for larger rewards, fostering an understanding of saving and delayed gratification. This system is presented in a fun, game-like environment, making financial education both enjoyable and impactful.

The most significant upgrade was the introduction of a synchronized platform across all parent devices. This ensures that both parents and children have real-time updates on savings and spending. We're now exploring the potential of expanding the app’s capabilities to include educational mini-games about financial literacy, aiming to make KiddieBank not just a tool for managing allowance, but a comprehensive educational platform for financial awareness from a young age.

What we did