The Money Machine is like a piggy bank on steroids where kids can see the flow of all their money in one place. Money flows into Save, Spend, and Share Jars. How much money goes into each Jar is controlled by the Jar’s percentage setting, which kids set up, but parents always get to approve.
- Save Jar: Kids learn the value of saving by working towards real, tangible goals.
- Spend Jar: The Spend Jar is connected to your child’s GravyStack debit card. Kids place a percentage of their earnings in the Spend Jar, which they can independently spend on things they want and need. Parents, don't worry. You can easily turn the card on and off in-app if the card ever gets misplaced or lost.
- Share Jar: A portion of each dollar kids earn goes into their Share Jar and can be used to support the charity of their choice. Any U.S. charity in good standing can be selected.