Startup of the Week - RoosterMoney
by Startacus Admin
The app that's teaching kids to have good money habits...
Let’s face it - it’s never too early to start learning about managing money. It shouldn’t be something that we only properly think about when we leave home or get our first job. Teaching kids about finances from a young age will stand them in good stead throughout their lives.Recognising how vital it is to do just that, our latest startup of the week have created a solution.
RoosterMoney is a FinTech startup which is on a mission to transform the way that parents teach their kids about the value of money.
The RoosterMoney app features a Pocket Money Tracker which enables families to manage pocket money easily with a set allowance being delivered to a child’s account on a specific day. The entire interface is very child friendly and encourages children to engage with their accounts.
They can see how much they have, keep track of and learn about spending and the impact of their spending decisions. Spend, Save and Give pots can be set up enabling kids to learn the importance of setting money aside and donating towards causes that they may view as important. Individual goals can be created to encourage and teach kids about saving up for something that they want. There is even a ‘Jobs’ feature where kids can learn about the impact of working and earning. Household chores and tasks can be linked to pocket money or perhaps earning a little extra.
The app teaches the most important aspects of money management in a child-friendly way. What could be a pretty dull albeit essential subject is taught in a fun yet practical manner.
The company has also created a Rooster Card which children can progress to after using the Pocket Money Tracker. Whilst there are of course parental controls in place, the card teaches children all about making considered spending choices and developing good spending habits.
In all, RoosterMoney is educating and empowering children on all things finance in a way which will hopefully help them make good financial decisions for the rest of their lives and that can surely only be a good thing.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Kidadl is an online platform and app that aims to bring you unique activity inspiration every day, all personalised to the ages and interests of your kids
Got a startup that can offer innovative solutions for the logistics sector? The third edition of Wincanton's innovation programme W² Labs is now open for entries
.jpeg)
If you are an entrepreneur or operate a small business, then you may be looking for ways to build upon your success and grow your business into an empire. Here we are going to look at five simple ways to do just that!
No matter what type of company you have, ensuring product quality is essential. Here are some ways in which you can do just that.
If you're running a business, here are some essential tips & warning signs that you should know about when it comes to your water requirements
The sustainable fashion app Nuw expands across the UK and Ireland and thereby help us all have "an open relationship with our wardrobe"
NI startups will have the chance to win a £75,000 proof of concept grant as part of a new competition launched by Techstart Ventures and Belfast Harbour, with support from BT.
Selling your house? Movewise is a London-based startup that will work with your best local agents to sell your property faster and at a higher price
Dinner@7 - the startup that's tackling isolation caused by the pandemic by creating a community for sharing virtual meals and good conversation via Zoom
Caper is an innovative app for families to play together combining interactive stories with fun activities and tasks
Published on: 27th August 2020
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Logistics and Warehousing Focused Startups Wanted for Wincanton Innovation Lab 16th Sep 2020 Got a startup that can offer innovative solutions for the logistics sector? The third edition of Wincanton's innovation programme W² Labs is now open for entries
- NI startups to compete for £75k grant to develop innovative port technology 14th Sep 2020 NI startups will have the chance to win a £75,000 proof of concept grant as part of a new competition launched by Techstart Ventures and Belfast Harbour, with support from BT.
- Unique COVID-19 stimulus initiative launched in Jersey 10th Sep 2020 PFS, leading player in the FinTech ecosystem supports the World's First COVID-19 Stimulus Payments Programme of its Kind in Jersey
- Catalyst's Co-Founders Programme strengthens NW innovation sector 8th Sep 2020 Five of the participating teams from NI-based Catalyst's Co-Founders programme have been successful in securing £10,000 of Innovate UK funding
