An easy-to-use app to help your child learn to manage money
With Pennygem, children earn money by receiving regular allowance and rewards for tasks. They manage money in a simulated banking environment with chequing and savings accounts. Finally, children learn to budget and responsibly spend by shopping at the Pennygem online store. As a parent, you have complete control over your child's experience.
How It Works
1
Open an account in minutes
Open an account on the Web, iOS, or Android app. Only the parent's email address is required.
2
Customize account
Activate and customize features such as transaction limits and fees, savings rates, and many more.
3
Earn and save
Set up regular allowance and rewarded tasks. Your child can set up saving goals and see their progress towards them.
4
Financial education
Enroll your child into a variety of age-specific courses on our platform and reward them for successful completion.
5
Personalized online stores
Browse a variety of items in the Pennygem Store, and select the ones that you approve for your child.
6
Controlled spending
Approve or decline purchase requests in one click. The parent makes the final purchase.
Safe and Secure
Parental controls
Custom
settings
No real money involved
Personalized stores
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Highly customizable accounts.
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Only the parent's email address is required to register.
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No actual money involved for children. All payments and charges are in virtual units.
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Children only access the items that parents approve for their online stores.
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Final purchases at the online store are made by the parents using their payment of choice.
Features
Support your children in learning to manage their finance with Pennygem's unique tools.​
​Help children learn to manage money
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Create custom account settings
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Transaction limits and fees​
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Balance limits
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Account fees
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Interest rate
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Set up regular allowance.
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Set up regular charges.
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Set up recurring and on-of rewarded tasks.
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Approve task completion.
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Enroll children in rewarded financial literacy courses.
Navigate children's spending​
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Browse through many products available at Pennygem's store.
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Access the unique statistics on item ratings and approvals by other parents.
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Select the appropriate products to create a personalized store for your child.
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Review and approve purchase requests at a click of a button.
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Purchase items directly from the merchant's website using your preferred payment method.
