# Kid-Friendly Banking Apps This App Allows Parents to Monitor a Child's Spending Habits By Katherine Pendrill | Published 2016-01-20 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/childs-spending-habits References: [betalist](http://betalist.com/startups/pouch) & [pouchcard](https://www.pouchcard.com/) '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](https://www.trendhunter.com/trends/little-learners-big-earners) 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](https://www.trendhunter.com/trends/isave), while giving parents the security of knowing they can step in at any time. ## Trend Insights (Trend Hunter) - Score: 1.9/10 - Popularity: 33% | Activity: 16% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Gen Alpha - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile) ## Key Themes ### Key Themes Behind This Trend - **Digital Financial Literacy for Kids:** Opportunity for fintech companies to create kid-friendly financial literacy apps to teach children money management skills early on in life. - **Prepaid Debit Cards for Children:** Opportunity for financial institutions to create prepaid debit cards specifically designed for children, allowing parents to monitor and control their spending habits. - **Real-time Transaction Monitoring:** Opportunity for financial institutions to provide real-time transaction monitoring in order to give parents more control over their children's spending habits. ### Where This Applies - **Fintech:** Fintech companies can create digital financial literacy apps for kids and prepaid debit cards to cater to this growing demand for kid-friendly banking apps. - **Finance:** Financial institutions can capitalize on the trend of kid-friendly banking apps by offering prepaid debit cards designed specifically for children and incorporating real-time transaction monitoring. - **Education:** Opportunity for educational institutions to partner with financial institutions to teach financial literacy and money management skills to children through these kid-friendly banking apps. ## Related on Trend Hunter - [Kids Finance Apps](https://www.trendhunter.com/trends/foxfund.md) - [Kid-Friendly Financial Support Apps](https://www.trendhunter.com/trends/financial-lessons-for-kids.md) - [Kid-Friendly Digital Wallets](https://www.trendhunter.com/trends/google-wallet-for-kids.md) - [Teen Finance Education](https://www.trendhunter.com/trends/simplybudget.md) - [Educational Finance Child Smartwatches](https://www.trendhunter.com/trends/mellow-watch.md) - [Youth-Focused Financial Education Platforms](https://www.trendhunter.com/trends/financial-education-platform.md) - [Mindful Finance Trackers](https://www.trendhunter.com/trends/paktol-app.md) - [Empowering Youth Bank Accounts](https://www.trendhunter.com/trends/ocbc-myown-account.md) - [Teen-Focused Prepaid Cards](https://www.trendhunter.com/trends/savii.md)