This App Allows Parents to Monitor a Child's Spending Habits

By: Katherine Pendrill - Jan 20, 2016
References: pouchcard & betalist
'Pouch' is a kid-friendly banking app that makes it easy for parents to monitor a child's spending habits. As financial transactions become increasingly digital, many parents are thinking about how to instill good spending habits early on. This app makes it easier for parents to teach financial literacy by giving them control over their child's funds.

Pouch functions as a kid-friendly banking app and as a prepaid debit card. Parents can distribute pocket money at any time simply by adding funds to the card. Parents can then monitor a child's spending habits by checking the balance and the transaction history in real-time. These parental controls allow parents to introduce children to healthy spending habits in small and incremental ways.

The app ultimately gives children the power to spend and save independently, while giving parents the security of knowing they can step in at any time.