Mydoh - Youth Money App & Card

Editor's Review

Mydoh is the perfect app to help your kids, aged 6-18, learn the value of money through knowledge and practice! 💰 Designed for both parents and kids, Mydoh makes managing money a family affair. 👨‍👩‍👧‍👦

Parents can set tasks and allowances, making chores and responsibilities a breeze. ✅ Pay your kids directly through the app once they complete their tasks. Plus, you can easily set up weekly allowances, whether they do chores or not! 💸

Kids get their own Mydoh Smart Cash Card, a digital and physical card they can use for online and in-store purchases. 💳 This prepaid card ensures they only spend what they have, avoiding debt and surprises. 🥳 For kids 13 and older, the card can be added to Apple Wallet for easy payments. 🍎

Canadian youth can express themselves with a custom 'Mydoh by Me' card! 🎨 For just $6.99, design a unique card with personal photos and cool stickers. 🤩

Mydoh also helps kids build healthy saving habits with 'Goals' and 'General Savings' features. 🎯 Set specific saving goals with target dates, or save without a specific goal in mind. 🎉

Parents can keep an eye on their kids' financial activities, from setting goals to tracking spending. 👀 You can also add another parent to the account to share responsibilities. 🤝

With the support of Royal Bank of Canada, Mydoh offers a safe and secure platform for your family’s financial journey. 🛡️ Try Mydoh today with no monthly fees* and start building a financially smart future! 🌟

Features

• Set and manage tasks for kids

• Pay allowances easily through the app

• Mydoh Smart Cash Card for kids' spending

• Track spending and saving habits

• Set savings goals with target dates

• Option to add a second parent

• Customizable 'Mydoh by Me' card option

• Lock and unlock the card for security

Pros

• Teaches kids about money management early

• Parents can monitor and guide spending

• Encourages saving habits with goals

• Safe spending with prepaid card, no debt

• Customizable card option adds personalization

Cons

• Card cannot be used for ATM withdrawals

• Custom card option costs extra ($6.99)