My First Nest Egg 4+

Chores and Allowance Tracker

First NestEgg LLC.

Designed for iPad

    • 4.6 • 55 Ratings
    • Free

Screenshots

Description

My First Nest Egg is the convenient and fun chore, allowance, and financial education solution to give young children healthy money habits in a cashless world.

My First Nest Egg is the convenient and fun chore, allowance, and financial education solution to give young children healthy money habits in a cashless world.

Developed by two moms looking for a solution for their own children, My First Nest Egg helps busy parents who want to track money, allowance, and chores, while giving their kids a financial education.

With features such as a virtual wallet to track allowance, gamified chore puzzles to encourage earning, a daily financial lesson to teach financial literacy, and credit score game to teach the basics of the credit system, My First Nest Egg is what every family needs to help them raise money smart kids.

Money habits are set by age 7. My First Nest Egg gives parents the tools they need to grow their kids into successful adults. The creators are two moms who spent hundreds of hours consulting with behavioral and psychological experts about how to instill necessary life skills in children. Using what they learned, they built this platform for other families searching for an age-appropriate solution to teach financial literacy. My First Nest Egg helps you get your kids to make their beds, put on their own shoes, get in the car on time…and learn that compound interest can make or break financial success.

How: My First Nest Egg uses science to build good habits in little kids at a crucial time when life habits are being formed. Little kids are like sponges - they soak up every lesson you intentionally, and more importantly, unintentionally, teach them. My First Nest Egg ensures that your lessons around money and effort are intentional. With this App you can teach a child as young as 3 that effort results in a reward.

Virtual Wallet:
Little kids don’t need real money! They lose cash and parents just end up buying the things they want for them on their accounts online or in stores. My First Nest Egg offers an easy way for parents to track children’s virtual funds in three accounts: Save, Spend and Give. When your child wants something, you simply buy it and deduct the amount from their account. Because we don’t handle any real money, parents can sign-up for the App with just a name and email address. We don’t need your social security number or bank account information.

Earning is Fun:
My First Nest Egg employs a patent-pending puzzle system to teach kids delayed gratification. Instead of a boring chart, a child’s goal is put into a puzzle which is then broken into a number of developmentally appropriate pieces, and the child earns that goal piece by piece. The child receives the affirming instant gratification with each piece, but learns delayed gratification by waiting for their prize (either a reward or allowance) until the puzzle is completed. Choose a preset puzzle informed by an expert in childhood behavioral wellness and development, or create your own custom puzzle. They’re easy for the parents and fun for the kids. You can do everything from potty training to distributing allowance.

Community Motivation:
Achievement and depression are inversely related. Kids NEED to achieve and My First Nest Egg gives them that opportunity and then recognizes them for those accomplishments. My First Nest Egg has a community page with monthly leaderboards which track Achievements, Acts of Kindness, and Instances of Saving (not how much, how often). Kids can be inspired by other kids working towards the same lifelong habits. Parents can give their kids nicknames for the leaderboard, we use emojis instead of photos, and you will be asked if you want to opt-into the board.

Daily Financial Lesson:
Every day there is a new, fun, financial lesson built into the app. Kids build their financial vocabulary and knowledge of how money works in the real world.

Credit Score Game:
Kids learn the basics of how the credit system works by building, and maintaining, their own in-app credit score.

What’s New

Version 2.0.1

Free for families
New Credit Score Game
No In-App purchases

Ratings and Reviews

4.6 out of 5
55 Ratings

55 Ratings

Fancylan221 ,

Very Helpful but Needs More Features

MY FIRST NEST EGG is a very helpful app for teaching kids about money management. My kids enjoy the games and have learned a lot about saving and budgeting. The app is easy to use and has a good reward system. However, I wish there were more customization options for rewards and more interactive features. Despite this, the app is still very effective and educational. It has helped my kids develop better financial habits and understand the value of money. I would recommend it to other parents looking for a fun and educational financial app for their kids.

artsy.Liv ,

Just not user friendly enough for me

I was excited to use this app for my 8 yr old but within the last 24 hours from download I have determined this app will waste my time instead of helping us manage it and money. The chore puzzle is a WONDERFUL IDEA, but the functionality needs a lot of help. You have to have even, not odd numbers of chores or routine steps, because they don’t have odd numbers in the app. Then if you make a mistake you have delete and do it all over again. That’s not a fast set up for busy single parents like me. I need to get in there and quickly duplicate a puzzle that’s customized to the routine my child does regardless of how many that day or time of day. Then add it to a weekly calendar so we have structured chores and routines for each day of the week. I will have to go with an app that’s less fun for my child’s goals but that is functional according to a calendar. In essence giving a child the ability to learn all important, goal settings chores/routine completion, time and money management

Developer Response ,

Hello! Thank you for trying out the app. Nicolle & I appreciate your feedback. Like you, we're busy moms (I have 4 kids and Nicolle has 3), and we are always looking for ways to improve our app to make it as mom (and dad:) friendly as possible. If you have a moment, I'd love to chat with you about how the puzzles can help your family. We do have odd numbers when it works for a puzzle shape, and you can easily duplicate your routine puzzle (when you redeem there is an option to "redeem and duplicate"). We even just added a new type of puzzle since you left this review that lets you choose how many of each chore you want to add to the puzzle. Give us another try - and please reach out with any questions. Our email and phone number is available on our website, and I'm confident your 8 year old will love the revamped puzzles!

Cathy1450$ ,

*"Engaging and Effective, but Some Bugs"*

A wonderful app for teaching children about money management. The concept is great, and the app is engaging and educational. My son enjoys the games and has learned a lot about saving and budgeting. However, we have encountered a few bugs, such as the app freezing occasionally. Despite these minor issues, the app is still very effective and has helped my son develop better financial habits. I hope the developers address these bugs in future updates. Overall, it’s a fantastic educational tool that I would recommend to other parents.

App Privacy

The developer, First NestEgg LLC., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Contact Info
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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