Raising a child in the digital age, where kids nowadays come out of the womb knowing how to swipe, we as parents have a job to do in unlearning our old-school ways in order to equip our kids with the necessary skills to thrive in an ever-evolving world.
It’s surprising to think now that a lot of the everyday things I learnt from my parents may be considered redundant. Back when I was growing up, a computer was considered a luxury item and something you used to kill time. Now, it’s a critical learning tool. So much so, my son will be joining Coding Club in primary school. Look out, Silicon Valley!
As someone who considers themselves tech savvy, I want my son to be up to speed with the world he’s going to inherit from me. I’m even questioning whether actual cash is going to be relevant to him, given that we are moving towards a cashless society right now. My kids only know how to pay by tapping Mummy’s plastic cards, which they see pop out of my handbag at the supermarket.
Even when we role play ‘shops’ at home, the method of payment is a tap motion and the sound of a ‘beep’, otherwise they consider it an invalid purchase.
So when it came to teaching my kids recently about saving money, I knew that an old-school piggy bank approach may not be a long-lasting strategy going forward.
They’re going to be doing everything on their phones - I do all my shopping on mine. So it makes perfect sense that their approach to savings and learning the value of money would come in a tech format.
Luckily someone already thought of that. It’s called Spriggy, and it’s changing the way parents like me approach the idea of pocket money with their children. So what is it?
Spriggy is a financial education mobile app that helps parents teach children to understand how to use money in today’s world. It is the brainchild of Sydney-based finance entrepreneurs Mario Hasanakos and Alex Badran, who launched the business in late 2016, and now have more than 60,000 users with more than 250 parents and kids joining each day.