Start Teaching Kids About Money Early

I wish my parents were more diligent in teaching me about money and being responsible with it. I really wish we had the technology that kids have today as well! There are no excuses for parents anymore. We really can teach ourselves and our children how to use our money wisely!

I am thrilled to share something that I was recently introduced to:  Tykoon.

Tykoon inspires kids to earn with a purpose and take pride in their hard work. Earning is not an end – it’s the output of their hard work to be their best.

It is an incredible and very user-friendly tool that parents can use to teach their children about earning, saving, reward and more lessons for money.

As a homeschool Mom of two, I found it to be fabulous. I was really impressed by how easy it was to set up and how it was fun for my eight year old. It did not make her feel like Mommy was teaching her. It was more like she was able to feel responsible and like a big girl. For my older teenager, it was a great way for her to see her money and set goals for herself.

Another great thing about Tykoon is that you can download the app for your smart phone. Love! I am able to take it with me wherever I go!

Kids…and parents can learn so much from this Tykoon’s money management system…

Saving. They encourage savings to help kids achieve their short and long-term goals. Each family’s needs are different – Tykoon empowers your family to work together to achieve financial balance through savings.

Giving. It  is about making a difference and we believe a new generation of Tykoons can give back to the world in many new ways.

Spending. They have real goods for kids to buy. On Tykoon your kids can purchase their favorite products which are delivered right to your door through our partner

As I said, I was very pleased with the overall easiness of this system. Oh, and in case you are wondering. “OK, how much??” You are in for a shock: It is a FREE tool! Yep! And, the best part is if you invite 5 friends to sign up and if they stay on for one month, you will get a $25 Amazon gift card. Win!

Let me leave you with a few more reasons to try Tykoon:


Chore Charts: Parents set up activities on chore charts so kids know exactly what they need to do to earn their allowance each week.

Allowance Tracking: Tykoon tracks how much allowance kids get each week but only with parental approval, making sure kids are doing what they need to do to earn it.

Non?monetary Rewards: Money isn’t the only thing kids want. Tykoon rewards also include minutes for TV, Internet, gaming and staying up past bedtime.

Goal Setting: Kids and parents work together to set the right financial goals like regularly saving money, saving up for wishlist items and donating to good causes.

Wishlists: Kids choose items from the Tykoon Store to add to their wishlists. Wishlists can be used to list things kids are saving up to buy, as well as to help extended family members know what the kids want most for the holidays, birthdays and other special occasions.

Giving: Giving back is important so Tykoon supports many charitable organizations and works with Network for Good to process verified 501(c)3 charity donations through the Tykoon platform.

Parent Dashboard: Enables parents to set parameters, oversee their child’s activity, assign household chores and approve all transactions before a child makes a purchase.

Parental Controls: Over 25 parental control and privacy settings that parents can set based on personal preferences.

Kid Dashboard: Kids can track how much they have saved, set goals and shop online in a kid?safe, secure Amazon?powered store that only lets them access what parents let them access.

Safe & Secure: Certified by kidSAFE® Seal Program and 100% COPPA compliant.

Tykoon Store: Enables kid?safe, secure online shopping. Parents can control what products kids can see and the store requires parental approval and participation for every purchase.

Tykoon Spotted iPhone App: Kids can use the app to snap pictures of what they want and add it to their wish list; parents have easy access to the app for efficient approvals and chore chart updates.

I highly recommend Tykoon for parents. It really is a great too to help to get your kids more involved in how money works, and teaching them the importance of how to use, spend, save and give their money. If we start early, our kids will grow up responsible and debt free adults who really understand just what money is and how it would be used!

Disclosure: “I participated in a campaign on behalf of Mom Central Consulting for Tykoon. I received a promotional item as a thank-you for participating.”


  1. Mothering From Scratch on July 6, 2012 at 3:57 pm

    {Kathy} I am going to check this out! Thank you!

  2. WICK on July 18, 2012 at 12:08 pm

    Wow…..I was surprised to find out it’s free. Will definitely be checking this out…thanks for the post! :)

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