Verizon Family Money: A Money-Savvy App for Kids
Verizon Family Money is a free Android app designed to teach kids about financial literacy and money management. Developed by Verizon Consumer Group, this app comes with a prepaid debit card that allows kids to earn, save, and spend money while becoming financially responsible. Even if you're not a Verizon customer, you can sign up for the app and start teaching your kids about personal finance.
With Verizon Family Money, parents can link their checking accounts for easy transfers, automate allowances, and create chores that kids can complete to earn real money. The app also allows parents to set spending limits and rules, and even lock cards as needed. As kids master their money goals, parents can track their progress with detailed stats and see their financial knowledge grow.
The app also includes tools to teach kids about budgeting and saving in their virtual Vault. Users can access personalized insights, set alerts, and spending limits to stay in control. Verizon Family Money allows parents to manage up to five kids, and each kid gets their prepaid debit card.
Overall, Verizon Family Money is a comprehensive app that helps kids learn about money management in a fun and engaging way. It's an excellent tool for parents looking to teach their kids about personal finance and financial responsibility.
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