Penny was created as an extension to the Mint financial app from Intuit. It is a financial tracking app for children (created back in the day before those existed!), and in addition to helping kids track their money, Penny seamlessly teaches about budgets, savings, long and short-term financial goals, and responsibility with money in a digital age.
Team Members: Hannah Brooks, Hailey Mosher, Katy Klima
powering prosperity
THE NATURAL EXTENSION OF MINT, FOR KIDS
Penny was designed with children and parents in mind. It operates independently, giving children the feeling of autonomy, but parents are there every step of the way.
Penny works with the Mint app already downloaded to the parent’s phone, allowing the mom or dad to be there from the beginning. From setting up the account to creating opportunities to earn money, to suggesting a spending budget, parents are there to help, but in a way that teaches the kind of autonomy that will develop patterns of responsible saving & spending into adulthood.
BANK BACKED, CHILD RUN
Penny can work directly with any bank parents already use for a simple and easy transition. Kids can get a special Penny Card through the Penny by Mint Program. The Penny Card is the perfect transition from piggy bank to bank account, with special limits, no overdraft allowances, and special monitoring from the bank and mom and dad.
TEACHING RESPONSIBLE MONEY MANAGEMENT
budgeting
Penny allows parents to set up their child’s suggested budget from the Mint app. The child can then compare their spending to the suggested budget and adjust accordingly.
goal setting
Penny helps kids save for what they want and need with long and short-term goals From basketballs and video games, to family vacations and college, Penny helps create, track, and organize monetary goals.
earning
Penny helps teach responsibility and work ethic with in-app opportunities to earn money. Parents set up the tasks using their own Mint app, and then the kids can complete various tasks for money. Include weekly or monthly chores or special one-time offers for larger earning opportunities.
Promotional Content
Learn more about Penny through our informative and interactive website and get excited about money management through our social media accounts!
App prototype Click-through