Dropping coins into a ceramic piggy bank used to be the way to encourage kids to save for that special toy, but in today’s digital world, kids not only have instant access to money, but to making purchases as well.
I think parents can teach their kids some great lessons about saving and spending money while shopping online.
All of these benefits to kids shopping online rely on parents helping to guide and advise them in managing their money wisely. One of the newest ways to help kids manage money online is the free financial service for families called Virtual Piggy.
At Virtual Piggy, parents set up a child’s account, associate it with a preferred payment source (credit card or PayPal), and then distinguish any number of Parental Controls on the account, including:
During a parent’s enrollment at the site, children are given their own Virtual Piggy log in to access the money that is available to them to spend or give. From their Child Dashboard, children can then visit participating merchants, who each offer a “Click Here To Pay with Virtual Piggy” option when payment is required.
Virtual Piggy is partnering with more and more online merchants every day to offer Virtual Piggy as a checkout method for kids. The 80 online merchants currently integrating Virtual Piggy as a payment method include K’nex, Stella, Playdin, and many more. Kids can also purchase gift cards from places like Aeropostale, Regal Cinemas, American Eagle, and more. Finally, with the Virtual Piggy Charity Choice card, kids can use their available funds through Virtual Piggy to donate to any one of 250 participating charities.
Now through January 15 when you sign up with Virtual Piggy, you can take advantage of their Member Value Program, which includes some fantastic deals and discounts from participating merchants, just in time for the holidays!
*Disclosure: This is a sponsored post from Splash Creative Media on behalf of Virtual Piggy. All opinions are my own.