We want to make sure our kids learn about money from an early age – and we’ve come a long way from saving in our little piggy bank. So how do we teach them the value of money, how to earn it, how to spend within a limit and of course that it doesn’t grow on trees (we’ve waited a lifetime to be able to repeat what our parents used to tell us). Enter - An Post Money Mate, it will help you do just that.
An Post Money Mate is a debit card and app for kids aged 7-15. It’s a brilliant way for parents to teach their children money skills for life, while staying in control of how and where they spend. You can help your kids earn (through chores), save (by putting money aside in ‘Jars’), spend safely in shops with their own contactless card, and easily track what they’re spending through handy parental controls and notifications. Children can also deposit and withdraw money at their local post office.
Complementing the debit card is a user-friendly app that transforms learning about finances into an engaging and interactive experience. Through the app, kids can visualise their earnings, expenses, and savings. They can set goals, track their progress, and learn about the fundamental principles of budgeting and saving in a dynamic way.
So, whether it’s managing a weekly allowance, or doing little jobs at home to earn some cash – An Post Money Mate encourages firsthand learning by allowing children to make their own financial decisions within the confines of the provided resources.
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