Teaching Your Child Financial Responsibility with Tykoon
The Tykoon website and/or app is helping my children learn about money and responsibility. It's an important lesson and one so many people missed out on considering the average American’s amount of debt is $10,000 ( Money Talks News ). Tykoon is a fun way to teach about money and goes beyond How Much Allowance Money Should I Give My Child . The user simply logs in to the website and sets up an account. From there, you add any or all of your children and set up an allowance for them, or set up how your child's earnings will be allocated. Like the book Three Cups , Tykoon helps teach children about saving, giving, and spending, and the user determines the percentage of earning to go to each of those three categories. My kiddos loved the wish-list area where they were able to goal-set for more significant items or drop hints about what they wanted to earn. It stirred some great conversation. My eight-year-old wanted concert tickets to see Katy Perry, who is only...