Allowance Manager, client of tech and app public relations firm PMBC Group was recently featured on Fox 28. Parents can now give the gift of money managing skills to their children with the AllowanceCard. According to the National Retail Federation, the average consumer will spend $163 on gift cards this year. Instead of giving children a one-time gift, the AllowanceCard is the gift that keeps giving.
The AllowanceCard is a prepaid debit card that children and teens can use to gain firsthand experience with money. Parents’ automatic deposits of allowance are deposited into accounts which can be managed through the Allowance Manager app. This serve as a digital ledger for parents to monitor and discuss with their children their spending habits. With a consistent flow of allowance, children can learn delayed gratification by saving several allowances for a larger purchase. Children must also keep track of their finances so they don’t deplete their allowance too quickly.
Allowance Manager is allowing kids to have the freedom to make money mistakes early and avoid larger financial crisis and debt as an adult. Usually costing $98 for the AllowanceCard, Allowance Manager is retailing 50% off at $49 a year with promo code “Holiday2014.” This offer is good until December 31st.
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