‘ERNIT’ is a smart piggy bank that teaches children how to save their money. Many parents think that it is important to teach their children about the importance of saving at a young age. This high-tech coin receptacle provides a simple tool for parents to give their children a lesson in financial literacy.
ERNIT is an app-connected piggy bank that helps foster good money management habits. The app can be used by parents and their children to start a conversation about the importance of saving. The app allows parents to set goals for their children and helps them discuss how to reach those milestones. When children put money towards their goal, the smart piggy bank will illuminate to indicate how much progress they have made. The idea is to teach children about the importance of saving by turning the activity into a fun and rewarding experience.
ERNIT is currently running a Kickstarter campaign to bring the product to families everywhere.
Educational Piggy Banks
This Smart Piggy Bank Teaches Children How to Save Their Money
Trend Themes
1. Smart Piggy Banks - The rise of smart piggy banks like ERNIT presents an opportunity for the development of innovative financial education tools.
2. Financial Literacy for Children - The increasing importance of teaching children about financial literacy has created a demand for educational tools like the ERNIT piggy bank.
3. Gamification of Saving - The use of illuminated progress indicators in smart piggy banks like ERNIT demonstrates the potential for gamifying the saving process, encouraging children to develop good money management habits.
Industry Implications
1. Fintech - The integration of technology into piggy banks opens up opportunities for FinTech companies to develop innovative saving and financial education solutions.
2. Edtech - The ERNIT piggy bank is a prime example of how EdTech can help teach financial literacy to children through interactive and engaging experiences.
3. Toy Manufacturing - The market for educational toys like the ERNIT piggy bank is on the rise, providing opportunities for toy manufacturers to create products that combine fun and learning.