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Having trouble teaching your kids the value of money

Having trouble teaching your kids the value of money


by Mariusz Kolaszewski

What is it about?

Having trouble teaching your kids the value of money?


App Details

Education Finance
Last updated
April 24, 2019
Release date
February 26, 2016
More info

App Screenshots

Bits screenshot-0
Bits screenshot-1
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App Store Description

Having trouble teaching your kids the value of money?

Bits helps kids understand the value of money at an early age by making them realize that money is earned by services rendered and not donated in the form of an allowance. They'll quickly start distinguishing the wants from the needs and the more needs they have the more they'll need Bits.

• Use Bits to pay your kids for jobs like washing a car, folding laundry, etc.

• Make transactions with no internet required

• Kids practice their math skills by paying siblings or parents with Bits denominations for items like video game time, etc

• Award Goodies to help your kids realize that good deeds pay off in the long run, and encourage them to plan for the future, as each Goody will increase their future payment by 5%.

• Teach kids about savings with interest based savings account that they can exchange for real money to buy their favorite toys, comics, etc.

• There are activities in life that should be treated as building good habits and not be paid for but should carry a cost if not done. Bits lets you assign those routines, add frequency and cost if missed.
Each time a routine is completed on time, a Goody is awarded, otherwise, the cost will be deducted.

• While one of the greatest features of Bits is the ability to make transactions with no internet or registration required, by just bringing both phones close enough. What happens if you or your kids forgot to charge phones or temporarily misplaced them? Solution: post and receive payments online, because sometimes life just needs to keep going.

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