Product Reviews

Teach Your Kids About Money & Responsibility With Tykoon #MoneySmartKid


Teach your kids about money & responsibility with the Tykoon website and/or app. I just logged onto the website and set up an account for myself. Then you are able to add any or all of your children, and set up an allowance for them. If you don’t give an allowance, you can skip that part and set up how your child’s earnings will be allocated. You can easily teach your kids about saving, giving and spending, by allocating a percentage of earnings to go to each of those three categories.

I think the Tykoon website or app is a great way to start conversation with your kids, and discuss money management. Another cool feature of the website is that you can set up earnings for cash, but also non-cash earnings such as TV, Internet, Games and Staying up. I don’t particularly like to give all payments and earnings in cash form, so I love the extra options.

I logged onto the Tykoon website with my kids, which is totally fun for them because they love playing on the computer, and we set up tasks for them. You can apply any given task, such as taking out the garbage, to any or all of your kids’ accounts. Then you can set the frequency of that task, and whatever the form of payment will be for that task. I think this is a great way to help keep kids and parents accountable. I don’t know that kids need to be rewarded for all tasks, but I do sometimes forget when they are due a reward. If you have any trouble navigating the site, you can watch videos, to walk you through it.

Under the kids tab, my kids really enjoyed setting up their wishlist. This is a great way for kids to communicate to parents what it is they would like to earn by completing tasks. They can

Last of all, you can invite family members and friends, to connect with via Tykoon. Then your kids can connect with friends’ kids. You will also get a $25 Amazon gift card for every 5 family members who sign up under you.

If you want to learn how to market yourself as a financial advisor, hiring a coach can be very helpful.

“I participated in a campaign on behalf of Mom Central Consulting for Tykoon. I received a promotional item as a thank-you for participating.”

About the author

Emily Buys


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