Little Saver: Kids Allowance

"Mom, buy this for me!" "Daddy's wallet is a magic card, right?" Have you ever been startled by a child's innocent words? Children feel as if they have an infinite supply of money. After getting a new toy, they want another one the day after, and at the supermarket, their eyes light up and they say things like, "If you don't use it, you're missing out!" While their innocence is adorable, it can also make you worry, "Is this okay?" This may be because children do not yet have a strong understanding of the "value of money" or "limited resources." Money is payment for labor, and cards are not magic. How can we convey this important feeling? We believe the answer is to be aware of your money and record and reflect on what you spent it on. By making it "visible," children can face their money and develop a sense of planning and valuing things. ◆◇ A pocket money app that parents and children…