The concept is based on an account solution with a pre-paid card and app. The children and young people can spend the credit on the account, but not overdraw it. Debt is impossible. In the app, which Feigenwinter developed together with educators, there are two views: one for parents and one for the child.
Parents can top up their parental balance anytime and anywhere and then distribute this to their children. There are also functions to prohibit certain expenses, such as purchases on account or subscriptions. Even individual dealers can be excluded.
“The older the child gets, the more parents can lift the restrictions on bling and the more independently the child can act,” says Feigenwinter. It is also possible for parents to create task plans. In this way, they can send their children “a sum of money for tasks like ‘cleaning up the room’ and thus teach the value of work”.
The children, on the other hand, can use the app not only to track their income and expenses just like their parents, but also to set savings goals – for example to buy a new bicycle. Based on this, you will receive savings tips.