I had an idea for an AR app once: KidBank. You map out every ATM location all over a city and anytime mom or dad are using an ATM they hand their phone to the child and there is an AR "kid atm" next to the real atm. The kid gets to make a fake withdrawl and learn about banking etc.
Or just give them your card and tell them what buttons to press. When I take my 3 year old to the supermarket, they can scan and pay (contactless card) at the self-service checkouts.
Hi Timmy!
When Mommy and Daddy do a withdrawal, we check a list to see if their name is on it! If it is, they can't get their money, and any money they put in, we won't return!
Remember not to put Cuba, Russia, or Iran in the Memo field, or we'll have to call you to investigate the transaction! Any time you transfer more than 600 dollars, we have to notify the local tax authorities! We also hold onto your transaction records for 7 years, and hand them over to law enforcement on a regular basis, and if you structure your transactions, that's an instant felony! Actually, it'll cascade to about three Federal crimes! No more voting for you, you scamp! What's structuring you ask? Well, pfft! You don't need to know that kiddo!
Go over swimmingly, I'm sure.
'Course, no one in the bank is going to tell you about all that...
Merely reciting how actually explaining banking to minors would probably woosh so hard as to be pointless, or worse, they'd understand it perfectly, and would likely be scarred for life.
Currently going through a bit of a blue period worth of disgust at the crap that goes on at financial institutions.
oh yeah I had a totally innocent willy wonka style idea of a kid atm with nice bright colors and a "fun" experience of getting money from a money machine. Eventually it could turn into a company like https://www.gohenry.com/
Right. That teaches nothing substantive about banking or financial services, or healthy consumption thereof though.
It does not teach:
A) Not all financial custodians are equal.
B) Financial Institutions can make mistakes; there are things you can do to keep them honest/accurate.
C) much of safe finance involves being able to manage an intangible relationship that involves many entities
D) That there are social obligations on Financial Institutions in the United States that one needs to be aware of.
E) What you can do if you ever run up against any of the Financial system's many failure states, as rare as they are.
F) How to tell a predatory financial service from one... Not quite as predatory...
G) That even things that are specifically not money (cryptocurrency/artwork/other things), can end up turning into primitives that ultimately behave like money, and that you need to be extra cautious dealing with such things because none of the safeguards of the financial can be assumed to be there.
and
H) To read the fine print
Finance is one of those things we unjustifiably YOLO kids through in my opinion; and it's way more than a handful of protocols, processes, and a set of books.
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[ 3.1 ms ] story [ 38.9 ms ] threadThat could even be some kind of multiplayer game mode where one person builds and another person tries to physically destroy your path in real life.
Hi Timmy! When Mommy and Daddy do a withdrawal, we check a list to see if their name is on it! If it is, they can't get their money, and any money they put in, we won't return!
Remember not to put Cuba, Russia, or Iran in the Memo field, or we'll have to call you to investigate the transaction! Any time you transfer more than 600 dollars, we have to notify the local tax authorities! We also hold onto your transaction records for 7 years, and hand them over to law enforcement on a regular basis, and if you structure your transactions, that's an instant felony! Actually, it'll cascade to about three Federal crimes! No more voting for you, you scamp! What's structuring you ask? Well, pfft! You don't need to know that kiddo!
Go over swimmingly, I'm sure.
'Course, no one in the bank is going to tell you about all that...
Merely reciting how actually explaining banking to minors would probably woosh so hard as to be pointless, or worse, they'd understand it perfectly, and would likely be scarred for life.
Currently going through a bit of a blue period worth of disgust at the crap that goes on at financial institutions.
It does not teach:
A) Not all financial custodians are equal. B) Financial Institutions can make mistakes; there are things you can do to keep them honest/accurate. C) much of safe finance involves being able to manage an intangible relationship that involves many entities D) That there are social obligations on Financial Institutions in the United States that one needs to be aware of. E) What you can do if you ever run up against any of the Financial system's many failure states, as rare as they are. F) How to tell a predatory financial service from one... Not quite as predatory... G) That even things that are specifically not money (cryptocurrency/artwork/other things), can end up turning into primitives that ultimately behave like money, and that you need to be extra cautious dealing with such things because none of the safeguards of the financial can be assumed to be there. and H) To read the fine print
Finance is one of those things we unjustifiably YOLO kids through in my opinion; and it's way more than a handful of protocols, processes, and a set of books.