Rima Grace

Okay, so I don't know about you, but my memory of an allowance was my parents handing me, you know, five, ten dollars every few weeks.

Okay, so I don't know about you, but my memory of an allowance was my parents handing me, you know, five, ten dollars every few weeks.

It sounds like these days some families are using apps that are making allowances a lot more financially involved.

It sounds like these days some families are using apps that are making allowances a lot more financially involved.

What sorts of things are we seeing?

What sorts of things are we seeing?

What we've seen in recent years is this pretty significant and kind of under-noticed shift to more technology-based allowance payments.

What we've seen in recent years is this pretty significant and kind of under-noticed shift to more technology-based allowance payments.

So like different kinds of peer-to-peer payments like Venmo.

So like different kinds of peer-to-peer payments like Venmo.

Parents are giving kids allowances via checking accounts, and even in some cases, prepaid debit cards.

Parents are giving kids allowances via checking accounts, and even in some cases, prepaid debit cards.

And there's also this segment of apps like Greenlight, which parents can put their kid's allowance into and then sort of encourage their kids to do much more with these allowances than we would have seen in recent history otherwise.

And there's also this segment of apps like Greenlight, which parents can put their kid's allowance into and then sort of encourage their kids to do much more with these allowances than we would have seen in recent history otherwise.

Yeah.

Yeah.

Like what sorts of things?

Like what sorts of things?

Many of these apps will encourage kids to perhaps in some cases like put money in investment funds.

Many of these apps will encourage kids to perhaps in some cases like put money in investment funds.