The Parent Bank Blog!

Teaching Kids About Money: The Power of "Paying for Half"

"I'll pay for half!" Teaching Kids About Money: The Power of "Paying for Half"We believe in instilling financial literacy in children from a young age. As parents, we're familiar with the scenario: as soon as kids grasp the concept of money, they start clamoring for purchases. While we're happy...

You should pay your kids a really high interest rate on their savings. Here's why and how.

One of the main reasons I started The Parent Bank was so that I could easily teach my kids that saving also means earning. No less than Albert Einstein himself, in fact, once wisely said that "Compound interest is the eighth wonder of the world."There are many problems with...

Replacing the Piggy Bank: how to share a Parent Bank account view with your kids

We think the The Piggy Bank is in need of an upgrade. But we also know that kid's want to feel secure with their money and know how to check how much they've saved at any time. So here is how to set up your kid's with (read only!)...

Introducing "The Parent Bank"

This is the story of why I created The Parent Bank. I wanted my kids to learn that saving money also means earning money. A piggy bank is too simple and a "real" bank isn't user friendly for younger kids. The Parent Bank Howdy! I'm Matt Sly, the founder...

Install The Parent Bank on an iOS Device

Step 1: Open The Parent Bank in iOS Safari (www.theparentbank.com) This must be using Safari on the device that you want to install The Parent Bank. Step 2: Tap the “Share” Icon at the bottom of the browser Tap the “Share” Icon Step 3: “Add to Home Screen” Tap...

Five problems with a Piggy Bank

A piggy bank is a great way to introduce kids to the concept of saving money. However, learning about personal finances requires learning about more than just saving money. With all due respect to the venerated (if a bit kitsch) piggy bank, we think it's time for an upgrade.Here are...

A guide to paying allowance to your kids

As a a parent, it's an important (but daunting) task to teach your kids about personal finance. And paying your kids a regular allowance is an important arrow in this quiver. As with most things in life, the devil is in the details. Here's what I do in my...

How to use Apple Cash Family for kid's allowance and spending

When kids get older they want to start spending money on their own out in the real world.If (yes - this is a a big "if") you are an "Apple Family", we think that the simplest way is to set up your kid to spend money is by using...