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Meet Benny Nachman, CEO of Jassby. Jassby is a free app that lets you easily pay your kids their allowance, track their chores, lets them set a budget and savings goals for their money, or buy stuff safely, or give to charity.They can also learn about earning interest on their savings, or even borrow money from Mom and Dad and learn about paying interest and how quickly those costs add up.
As a result, you’ll be raising financially responsible kids who are better prepared for the real world.
Click play above to listen to my conversation with Benny. You can find him on LinkedIn here: https://www.linkedin.com/in/benjaminnachman/
And you can find Jassby here: https://jassby.com/
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Paul Smith is one of the world’s leading experts on business storytelling. He’s a keynote speaker, storytelling coach, and bestselling author.
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Super efforts and idea by Benjamin. Quite sure this will resonate with many Parents like us.
What’s the right age for kids to get into this.
I have 8 year old daughter and 5 year old son. Wondering what’s the right age of starting this !
Quite recently started monthly pocket money with daughter and making her learn importance of monthly saving and fulfilling her wishes once she collects enough amount. So planning for expenditure is one of our criteria which kids should be taught about.
Let me know if above resonate and in line.
Thanks
Hi Mohit,
I think that for the 8 year-old you can use Jassby for sure! As for your son, you can give it a try and see how he feels about using it – even if at the beginning he’ll need some help from you.
Hope that helps. I think around K to 1st grade is when we can start talking about money and financial literacy.
Best,
Benny Nachman