Bankaroo is an Education-Focused Virtual Bank for Kids

By: Rebecca Byers - Sep 30, 2015
References: bankaroo
Bankaroo is a free digital platform for educating kids on financial literacy matters. Designed so that its easy for parents to customize to their own routines, Bankaroo has a handful of apps that allow children the chance to manage their allowance, chore or gift funds.

Launched in 2011, Bankaroo is primarily an online money management tool with the branding of charming story book and the user-friendly design of any kids video game. Children can also set goals within the app and track their status in real time. For parents, the Bankaroo app can be programmed to deliver regularly scheduled payments.

This highly useful tool is a great resource for parents aiming to supplement the lack of financial literacy education in public school curriculum.