Anna Kreditor doesn’t keep a chore chart anymore. The app and others like it are helping parents motivate kids and sparking conversations about money at an early age. No matter how much technology interferes with the parent-child relationship, kids still want money and parents still want to impart a basic work ethic. But putting stickers on chore charts and dropping coins in piggy banks don’t cut it with the smartphone generation. Parents in search of more engaging ways to teach children the value of money are turning to allowance-tracking apps, where kids can see their balance rise and fall in real time.

Source: Wall Street Journal May 28, 2019 09:30 UTC