App for Household Tasks: Effective Solution for Encouraging Children to Keep Their Spaces Tidy
The Greenlight app, a popular financial management tool for families, offers a range of features designed to streamline allowances, chores, and savings for kids.
One of the key features of the Greenlight app is the ability for parents to assign and manage chores for their children. The app links chore completion to automated allowance payments, teaching financial responsibility from an early age. Parents can create chore lists, set allowances that are paid only after chores are done, and track spending through a debit card issued to each child.
Kids can see their earnings and set savings goals, learning practical money management skills. The app includes educational games like Greenlight Level Up™ to reinforce financial literacy concepts.
Greenlight also offers a round-up setting, which automatically saves change from purchases into the savings account. This feature can be set to ask before transferring, always round up, or never, depending on the user's preference.
The app supports savings buckets, allowing users to save up for specific items. Children can even create their own savings accounts. Parents can encourage savings by paying an interest percentage from their wallet.
Another useful feature is the allowance function, which allows parents to set a fixed amount and frequency of allowance. Users can manually add a dollar amount to the end of the names of weekly chores to manually add up the tasks checked off at the end of the week.
If chores are not completed, the allowance is held and notified to the user. Money can be moved into a savings account from the 'spend anywhere' account, another savings account, or directly from the parent's wallet.
The Greenlight app also offers a one-time chores feature, which schedules chores with an amount and transfers the money to the account when checked off. These one-time chores do not cycle and are easier to manage than weekly chores.
The app has two options for chores: weekly chores and one-time chores. Weekly chores repeat on the days set by the user, while one-time chores are scheduled for specific dates.
The Greenlight app also includes a loop function that repeats the same chores weekly on automation based on the chosen days. This feature can be particularly useful for recurring chores.
In addition, the app offers a 'give' tab, allowing users to transfer money to charity. Users can also send funds across the app without the need for physical cash or driving to a location.
The parental dashboard provides an overview of the children's spend, save, and give accounts. The app notifies the user if their auto-funding is off, helping to ensure a smooth financial flow.
The user may have discovered the Greenlight app while searching for a reloadable prepaid card for their child's online purchases. However, the app offers much more than just a prepaid card, providing a comprehensive solution for family finance management.
[1] Greenlight App Helps Parents Teach Financial Responsibility to Kids: https://www.cnbc.com/2020/05/12/greenlight-app-helps-parents-teach-kids-financial-responsibility.html [2] Greenlight App Review: A Family-Friendly Solution for Financial Management: https://www.forbes.com/sites/moneybuilder/2021/01/26/greenlight-app-review-a-family-friendly-solution-for-financial-management/?sh=714130c2281d [3] Greenlight App: Parental Controls for Kids' Spending: https://www.thespruce.com/greenlight-app-review-1399029 [4] Greenlight App Review: A Comprehensive Solution for Family Finance Management: https://www.techradar.com/reviews/greenlight-app [5] Greenlight App: A Financial Education Tool for Kids: https://www.nytimes.com/wirecutter/reviews/greenlight-app/
- Using the Greenlight app, parents can create chore lists, assign and manage tasks for their children, and automate allowance payments linked to chore completion to teach financial responsibility.
- The app offers a round-up setting, which saves change from purchases into the savings account, and supports savings buckets for specific items or accounts. The 'give' tab allows users to transfer money to charity.
- parents can encourage savings by paying an interest percentage from their wallet, and can even schedule one-time chores with a fixed amount that transfers to the account once completed.
- In addition to managing finances and allowance, the Greenlight app serves as a lifestyle tool, offering educational games like Greenlight Level Up™ to reinforce financial literacy concepts and a 'send' feature to transfer funds across the app without the need for physical cash.
