Parents are swamped with demands that life imposes constantly throughout the day. Allowance Manager, an app that teaches children the value of a dollar, makes life a little easier for parents by providing a system that can automatically deposit allowance into a bank account, linked to a prepaid debit card called the AllowanceCard. Dan Meader, founder and CEO of Allowance Manager, continuously forgot to present his children’s allowance upon the dates and terms that were agreed upon. While being interviewed on KCAA Radio, a live radio broadcast that caters to its listeners, Dan compared forgetting to pay kids’ allowance to teaching children not to trust parents. The help of technology can turn forgetful parents into assumedly responsible adults.
Allowance Manager, a client of Los Angeles-based tech and app public relations firm PMBC Group, assists parents in exposing children to money management and building trusting relationships. After being approached by his sons to create an allowance app, Dan’s background experience with Apple served as an easy transition. What has resulted is an online and mobile tool that allows kids to take responsibility of their personal finances, instead of urging parents to buy it for them.
It is critically important to teach children trust and financial knowledgea at a young age in order to prepare them for real life circumstances. With the system that Allowance Manager provides children will learn to be more independent and can inherit a greater sense of self-worth. Allowance Manager, available on Google Play and the Apple Store, holds the key to transitioning children from irresponsible cash guzzlers to future financially aware adults.