Los Angeles tech and apps public relations firm PMBC Group is happy to announce their new client Allowance Manager, the mobile and online tool teaching kids through firsthand experience about money management. PMBC Group’s CEO and founder, Ola Danilina, said she is very excited to help launch this new client which she believes is the perfect app for parents to teach their children about money. PMBC Group will be launching them into a niche area of personal finance apps with a strategic thought leadership and product-centered media campaign.
Allowance Manager automatically deposits allowance into kids’ accounts which can be connected to a prepaid debit card, called the AllowanceCard, for children themselves. The Allowance Manager app serves as a digital ledger for both parents and kids to oversee both transactions and the account’s balance. There is a free version of the app for those children younger than six to keep track of the amount of money they have. While the paid version allows children to customize their own AllowanceCard.
Parents are notified through the app’s texts and email notifications of every transaction their child makes. Should they want to add more money to their kids’ accounts they can do so as well. This allows parents to provide their children with immediate funds should they not be with their child.
Allowance Manager not only teaches children about how to manage their finances, but most importantly restores the trust between parents and children as kids no longer have to ask their parents for their unpaid allowance. Parents too can rest assured their kids are learning about personal finances to prepare them while the risk is still low.