Kids nowadays! They want their smartphones, their own Google accounts, and a way to purchase music and movies and books (well, hopefully) and magical coins for their new game because they can't try that stupid hard level again, they just want to skip it. If you're a parent, then you probably know the struggle between giving a child their financial independence to teach them how to manage their money, and keeping a close eye on their spendings to stop them from buying useless stuff or going over-budget.
Oink has been aiming to solve that issue by providing a middle ground: an app where parents can set their kids' allowance, check their funds, monitor their spendings, and freeze/unfreeze their accounts, and a debit card/wallet account that children can use to make their own online or in-store purchases and manage their money. It's a balanced compromise between letting your kid make their own decisions, while still keeping control of their spending.
The app has been available on iOS for a while, but it has now come to Android, so that parents and kids can use it to manage their Oink cards and accounts. You can grab it from the widget below.
- Press Release