Mydoh - Youth Money App & Card

Editor's Review

Mydoh is a fantastic money management app designed for parents and kids aged 6-18! 👨‍👩‍👧‍👦 It’s all about instilling solid money values through practical experience and knowledge. This app helps kids learn how to earn 💰 and take responsibility for their spending habits, with parents involved every step of the way. It’s like a financial playground where learning meets fun! 🎉

Tasks and Allowances: Parents can set tasks 📝 for their kids, easily check them off once completed, and pay them directly through the app. Plus, you can set up weekly allowances 🗓️, whether they do chores or not. It's a simple way to teach the value of work and consistent saving! 🏦

Spend with the Mydoh Card: Kids get both a digital and physical ‘Mydoh Smart Cash Card’ 💳 to make purchases in-store or online. This card helps them take charge of their spending, and because it’s a reloadable prepaid card, they can only spend what’s available – no debts, no surprises! 🥳 Kids aged 13+ can even add their Mydoh card to their Apple Wallet 📱 for easy in-store payments.

Custom Card: Canadian youth can design their own “Mydoh by Me” Smart Cash Card! 🎨 For just $6.99, your child can upload a photo or choose one from Mydoh’s gallery, add cool stickers, and create a unique prepaid VISA card that reflects their personality. It’s shipped in 5-7 days! 🚀

Savings Goals: Mydoh helps kids build healthy saving habits with “Goals” and “General Savings” buckets. They can set specific goals with target dates and amounts, or simply save without a specific target. They can track their savings history and celebrate when they hit their goals! 🏆

Track Kids in the App: Parents can keep an eye on their kids' financial activities, from setting goals to spending money. It’s financial literacy at your fingertips, with parental oversight! 👀

Add a Parent: You can add another parent to the account at no extra cost, making it easy to share responsibilities and tools. Both parents can set tasks, pay kids, set allowances, and track goals together. Get the whole family involved! 👨‍👩‍👧‍👦

Safe & Secure: Mydoh is backed by Royal Bank of Canada (RBC), ensuring security and peace of mind. The Mydoh Smart Cash Card is also powered by Visa, making it a safe and reliable option. ✅

Try Mydoh Today: Experience is the best teacher! Mydoh has no monthly fees, making it accessible for everyone. Open an account today and start the journey to financial literacy! 🌟

Features

• Set tasks and allowances for kids

• Mydoh Smart Cash Card for spending

• Customizable card option for personalization

• Savings goals to build saving habits

• Track kids' financial activities

• Add another parent for shared management

• Safe and secure with RBC support

• No monthly fees

Pros

• Teaches kids money management skills

• Parents can easily track kids' spending

• Promotes financial literacy from a young age

Cons

• Card cannot be used for ATM withdrawals

• Custom card has an additional cost