If one is planning to teach kids the value of money and the way to manage bank accounts and one’s personal finances, KidsSave is shareware software designed to do just that. It is meant for kids aged six and above.
The guardian can act as the banker. The banker has only got to set up the account for the young learner. The banker can also set the rate of interest, allowance, matching funds, set maximum spending limits and also enable confirmation of all transactions. Thereafter, the learner can draw and deposit money within this virtual world, receive allowances and rewards like interest accrued or matching funds and can also view bank statements. There is a special ‘What If?’ section which enables the learner to manipulate matching funds, the allowances and the rate of interest. This does not add anything to their account but shows them what the account would be like and how much money there would be in it if such transactions took place within this virtual world.