Teaching children to manage money: in real life, and online
Implications - Parents have always sought ways in which to teach their children to manage money, but today’s youth are hitting the web - so parents are coming up with novel ways to teach these responsibilities. Also emerging are non-tech yet highly modern approaches to neoteric parenting.
Trend Themes
1. Virtual Allowance - Parents are turning to technology to teach children the value of money, with virtual allowance systems like Active Allowance providing incentivization for chores and good behavior.
2. Tech-enhanced Parenting - Novel approaches to neoteric parenting, like edutainment systems such as ToyQuest's Touch Table EES are providing parents with interactive and educational tools to teach children through technology.
3. Iot Piggy Banks - The Credit Card Pig Bank concept and mini home ATM machines, both acting as a modern twist on classic piggy banks, are providing an opportunity for companies to innovate IoT-enhanced savings and donation systems.
Industry Implications
1. Education Technology (edtech) - Companies can innovate educational technology products that combine entertainment and learning, like ToyQuest's Touch Table EES, to teach children through interactive means.
2. Fintech - As seen with the Credit Card Pig Bank concept and mini home ATM machines, companies can create innovative financial technology solutions like IoT-enhanced savings and donation systems.
3. Parenting Tools and Apps - Companies can create innovative parenting tools and apps, like Active Allowance, that use technology to provide simplified and streamlined financial management for parents and children.
5 Featured, 9 Examples:
94,247 Total Clicks
Date Range:
Feb 08 — Sep 08
Trending:
Mild
Consumer Insight Topics:
