“In 2016, only 37% of payments made in Australia were in cash, and our children deserve a better way to learn how money works.” This is the main message that the developers of Spriggy launch on their website, an app that aims to help increase the financial skills of Australian children and bury cash payments.
Spriggy is a tool to prepare the children through practical experience and under parental supervision. Spriggy offers a system of checking accounts for children, in which adults manage contributions from an app. On the contrary, children also have their app to make expenses from their mobile phone and a prepaid and personalized card to manage savings and spending. As you can only spend the money on the card, there is no risk of debt.