Use a Smartphone to Teach Children Good Money Management

With the rise in popularity of Contactless and Chip&PIN payments, debit cards have overtaken cash since July 2017 in the United Kingdom.

Piggy banks could be a thing of the past. Pocket money is also becoming cashless with debit cards being offered to children from eight to 18 years old and as young as six years old in one case.

The debit cards aimed at children and teenagers are prepaid cards, have no risk or possibility of going overdrawn and are all managed by an associated smartphone app in which a child can learn about good money management and budget for different things.

Parents also get an app from which they can restrict where their child can spend money, make regular and one-off payments and block the card if necessary.

In the UK, there’s three main offerings, each with their own strength, weaknesses and costs.

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Manage Financial Affairs From a Smartphone: FinTech Round-Up, Part 2

In this tutorial series, I’ll explain FinTech and challenger banks and show you the apps to use so that you can run your financial affairs from a smartphone.

Important: this tutorial does not constitute financial advice. As with all investing, your capital is at risk. Investment products may not be right for everyone and tax rules may change in the future.

Always do your own research to ensure any product is right for your particular circumstances. If you’re unsure, you must seek independent financial advice. Envato Tuts+ does not accept liability if things go wrong.

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Manage Financial Affairs From a Smartphone: FinTech Round-Up, Part 1

In this tutorial, I’ll explain FinTech and challenger banks and show you the apps to use so that you can run your financial affairs from a smartphone.

FinTech is the term given to a new wave of startup technology companies challenging conventional ways of transacting business within the financial sector. FinTech being short for Financial Technology. Such banks are sometimes called neobanks.

In London, these companies are predominantly based in and around an area dubbed silicon roundabout.

Such companies are not confined to the United Kingdom. There’s some innovative thinking coming from overseas, too, some of it available to customers in the UK.

Read more at Envato…

How to Manage Household Bills the Smart Way and Save Money

Keeping track of bills is time consuming and no fun for anyone. In this tutorial, I’ll show you how to manage household affairs the smart way. It’s so easy.

A friend of mine is a disaster recovery manager for one of the largest employers in the world. It’s mission critical stuff and he ensures the business continuity of the organisation in the event of all manner of potential catastrophes.

He’s probably even got a business continuity plan to deploy in event of a zombie attack!

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