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Tykoon Review

by Nicole on August 29, 2012

Name of Product: Tykoon

Where can the product be purchased: online at Tykoon

Description of Product: “Tykoon (www.tykoon.com) is an online purchase approval and reward platform for kids designed to inspire families to teach children the values and skills needed to handle money responsibly, both online and offline. Built on a social engagement model, kids learn the fundamental steps of becoming a Tykoon by Earning, Saving, Giving and Spending, all within a completely secure, kid-safe environment that makes sure parents stay in control and informed. Designed for kids of all ages, Tykoon is 100% COPPA compliant.

Through Tykoon’s newly launched extended family feature, we make it easy to coordinate gifting and rewarding across family and friends for holidays, birthdays and any other special events. These lists enable parents to work together with family and friends to drive home values around money and shopping they want their children to learn. Here’s how they work:

Parents have approval power over the items placed on the wishlist.
Once the lists are determined, they can be shared with family.
For a more targeted life lesson, parents can help kids set goals about saving and earning that need to be achieved before these lists are shared so that family and friends can participate to reward their accomplishments.

At Tykoon, we strive to make it easy for family and friends to come together to make sure your kids get the right financial education they need to succeed as they grow older.”

Review of Product: I love concepts like this – that help the parent and also teach a lesson to the child! Many parents struggle with how to teach their children to manage finances responsibly and Tykoon can help with that for sure! I found the site very easy to use and with a few clicks we were up and running! It was really helpful for Noah to see exactly what kinds of things he could get with the money we allocated an have him think of several scenarios as to how he could spend it.  This is great for a child for the holidays who has several people to buy for but you want to make sure they stay responsible about their purchases – in fact, I know quite a few adults this would be perfect for!

I received an Amazon giftcard to review at no charge but my opinions remain my own.

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