Here comes another software for kids. A unique kids’ savings and money management software program for busy parents who want to teach their children the value of saving money but don’t have the time to put it all together. KidsSave is a virtual savings program designed for kids. It enables them to learn financial responsibilities by making deposits and withdrawals, set and track goals, keep track of their spending history and more. The program includes the option to award the child by matching every saved dollar with an amount defined by the parent, providing the child with an additional incentive to save money instead of spending it right away. Other features include support for allowance payouts, multiple accounts, what-if scenarios, balance graphs, printable statements and more.

KidsSave is a kids’ savings and money management software program designed for ages 6 and up. KidsSave helps you and your child keep track of money, encourages saving through Reward incentives, and helps your child set and track goals. With KidsSave, kids can make deposits and withdrawals, receive automated allowances and Rewards (interest and/or matching funds) and view their statement history over time.

The KidsSave program handles all Account management automatically so once the Account(s) has been set up, the Banker (typically the parent) has little to do. Unique features allow the Banker to have access to all Accounts, define interest, allowance, and/or matching funds, enable savings locks and require confirmations of all transactions.

Another unique feature of the KidsSave program allows kids to manipulate matching funds, allowance, and interest in the What If? section in order to view changes/growth in their Account over time. This helps to establish an understanding of the effects of different variables on savings over time and generates excitement as kids can see the possibilities of their Account growing. Kids can also identify a personal financial goal and, with the help of Bubbles our wizard, develop an appropriate savings plan to reach it.

Kids love the ownership and control they have over their Account. They are in charge of making their own deposits and withdrawals. And to personalize their Account, they choose the color and style theme they want and create a PIN code for private access.

Parents love the fact that everything is taken care of for them. There’s no need to remember to hand out allowance or to calculate interest earned or even mess with slips of paper reminding them how much they owe their child. KidsSave handles it all! This can be downloaded here!

Written by Mahesh Chawla in Software