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Visa Tooth Fairy App Helps Parents Decide How Much Money to Leave Kids

By: Katherine Vong - Published: • References: practicalmoneyskills and psfk
Losing a tooth and finding money under the pillow the next day is an important and fun event in any child's life, but now the Visa Tooth Fairy App is demonstrating that it can be just as fun for parents as well. The Visa Tooth Fairy App is a novelty tool that helps parents determine exactly how much money they should leave under their children's pillows.

The Visa Tooth Fairy App was created as part of Visa's Practical money Skills education program, and it allows parents to calculate the 'going rate' for each tooth. This is done by entering the parent's age, location, gender, education level and income, and the app will reveal the amount of money the Tooth Fairy has left in homes with parents possessing similar demographic characteristics. According to PSFK, Visa has revealed that the average amount left per tooth is $3.