bankaroo started as a family project to help children learn how to manage their savings. Danielle came up with the idea when she was 11 years old and helped with the design testing and marketing. Dad helped with the technology, and mom helped with the rest. To date we have thousands of members from more than 70 countries around the globe.
Danielle started bankaroo when she was 11 years old.
A Big sister, honor student, Karate expert and video games player/designer.
Loves video games (dah!), art and reading.
A husband, father and entrepreneur at heart. I founded several startup companies over the years. I currently own and run BrightAct – a successful boutique-consulting firm that focuses on product, UX and mobile applications design and development services. As well as intuito – a mobile prototyping and user research service.
bankaroo started as a family project in 2011. Today we have thousands of members from more than 54 countries around the globe. We rely on our members’ support to help us make the service better. Our members recently helped us to translate bankaroo to more than 10 languages.
bankaroo works on any device that’s connected to the Internet: your computer, laptop, tablet device and smart phone.
Other devices (as BlackBerry and MS phones) are supported with a mobile HTML5 application.
Our blog is full with information, ideas and tips on financial education for families and kids. We are always open to hear from you - please suggest topics and share our blogs with your network.
As you teach your child about money, the odds are good that you’ll talk about specific financial tasks that a professional can help with. These are excellent opportunities to introduce your child to finance-related jobs. Bank teller. Bank tellers help people complete transactions such as deposits, withdrawals and money transfers. Some jobs in this area are being lost as banking becomes more automated, but many banks are hiring representatives to assist with online services. Tellers are some of the first financial professionals your child likely will interact with. Loan officer. Loan officers help people apply for loans and make sure they have good enough credit to get financing. A big part of their job is making sure people apply for… Read More →
Dollar stores offer many everyday household, business and automotive goods, as well as toys and entertainment products, at very low cost. Although these stores can lack a huge selection and sometimes put steep markups on some items, they provide a decent chance for you to approach multiple financial areas with your kid. What You Can Teach One of the biggest lessons kids can learn at a dollar store is how to inspect items for quality. Some items you’ll find at dollar stores, such as glassware or educational flashcards, are quite good and can compete with items you’ll find in any regular department or online store. Others, however, are subpar, such as non-alkaline batteries or electrical devices with weak wiring. With… Read More →
One of the biggest problems most parents face when they’re trying to teach their kids about money is getting them to save. Getting children to start and maintain a rainy day fund is especially tough. Want Vs. Need Most parents who want to teach their kids about saving generally start by having them set a goal. The key here is that the goals usually center around something that the child wants. For instance, your child might save his allowance to buy a new game. Saving for a rainy day fund is different because the focus is on saving for something that is necessary. Instead of just fulfilling a desire and making your child feel good, the money saved prevents… Read More →
Small kids who don’t understand money often take small items off shelves in stores—many small toys and candies, for example, are easy for a child to put into their pocket in a blink as you pay your bill at the register. In their minds, simply wanting something and having it be available is a good enough combination to take. Why Your Kids Are Stealing Accidental stealing happens mainly because kids don’t realize that access to something requires an exchange or trade. What they want, without necessarily knowing the label for it, is ownership rights to the product. In order to get those rights, they have to give up some of the money they have. It’s common for caregivers to emphasize… Read More →
Tipping is something your kid will see you do on a regular basis, and eventually, he’ll wonder not only why you do it, but how. These are the four core concepts you should emphasize as you educate him on tipping protocol. Core Concept #1: Tipping isn’t required everywhere. Most parents try to reinforce financial and other lessons by making a practice habitual. Under this model, one of the toughest things for your child to understand about tipping is that it doesn’t apply to every service provider. It can help your child to write out a simple reference list of providers that you always should tip, such as your hairdresser. A simple rule he can follow is that, if someone goes… Read More →
These days, the reigning way to pay is with plastic, but which is better for your kids? Figuring that out requires you to understand how these two types of cards are different. Borrowed vs. Personal Funds With a debit card, your child is accessing money he already has in his bank account, not borrowing funds he has to pay back later. Subsequently, he doesn’t have to pay anything in interest on the purchases he makes, although banks can charge monthly fees like credit card companies do. Additionally, unless he gets overdraft protection, he can’t spend more than what he has in the account. Debit cards also won’t help him establish a credit rating because he’s not borrowing. Monthly Payments Your… Read More →
Without an understanding of how their personal money habits connect to the broader economy, it’s much harder for kids to grasp where control of funds really is and why financial events occur. At a minimum, you should cover these seven essential economic concepts with your kids. Basic principles of supply and demand drive the economy. When you have a lot of something or demand is low, prices usually stay pretty reasonable and might even be downright cheap. As soon as an item becomes rare or a lot of people want it, however, sellers usually hike up the price, knowing that individuals want what the sellers have to offer. In this way, it’s consumers that ultimately shape the market… Read More →
Great business ideas don’t just come from adults—more and more kids are getting their feet wet in entrepreneurship with big success. As your children see these models, these are the most important things you need to tell them. Being a successful entrepreneur requires you to stick with it. Adult entrepreneurs face a big problem: Even when they have great ideas, there are always people telling them they can’t succeed. There are always individuals who see things negatively, who try to convince entrepreneurs that it’s impossible to move forward. These people might even tell entrepreneurs to give up or that they’re stupid. As a kid, this issue is magnified for you, because you’re still listening to mom and dad, figuring out… Read More →