'Ernit' is a modern version of the traditional piggy bank, designed to teach kids about having good financial habits and saving money.
The Ernit app is connected to a virtual piggy bank, and encourages children to save money through a series of games and tasks. Goals are set for each child and centers on spending money and saving wisely. Parents can use the app to input small dollar amounts that can be shared with their kids.
One of the reasons Ernit was created was because it is far more difficult to teach kids about saving money when most people pay with intangible currencies, like cards or online. In the past, children were taught to save cash and coins, a far easier concept to grasp.
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