Qwiddle launched in 2014 with a clear objective – to teach children about good money habits. As an online piggybank, Qwiddle is powered by PayPal and lets children manage their pocket money in a safe environment.
Qwiddle is free and empowers children by giving them a degree of independence with their money helping them to learn about spending or saving, under their parent’s supervision. It is designed to help children aged between 8-15 years learn good money skills in the increasingly cashless society we live in.
Each child has their own Qwiddle PayPal account – which is owned and controlled by parents – where they can:
- Make online payments using PayPal’s robust infrastructure – all payments must be supervised by the parent
- Set goals for the things they want – a kickback against impulse spending
Have you ever asked yourself if your children are money smart? Do they know how to handle money sensibly and responsibly? Teaching children how to manage finances is a hugely important skill and a concept that needs to be introduced at an early stage, helping the next generation to develop good money practices before they reach adulthood.
The most important thing when teaching your children about money is to start early; research indicates that children begin to develop their money habits around the age of seven. Kids are incredibly receptive and when talking about developing healthy attitudes, in the same way you might start encouraging them to eat vegetables, you should start to talk to them about money and spending.
So I did a bit of research and found Qwiddle, an new online piggybank for …