Teaching a child about the value of money isn't an easy task, which is why one company has decided to replace the outdated piggy bank, with a digital money box entitled 'Money Monster.'
Money Monster is both engaging and educational for kids, making the concept of financial responsibility make sense to young children. The money box is linked to a contactless cash card that's controlled by the parents. When parents transfer money to the box, the screen lights up and informs the child of how much money is in their current possession. Children can then use the connected card at stores, like they would a regular debit or credit card.
This alternative banking system for children teaches children a much-needed lesson in fiscal responsibility.