BY: GINNY BEAUCHAMP
CMU Public Radio News
If you have kids who don't appreciate the value of money, help may be just a click away.
What started out as a Microsoft Excel spreadsheet became a new business opportunity for Bob Masterson. This Rochester Hills man co-founded Family Mint, a website that teaches kids how to handle money in a new, interactive way.
"The website is an online budgeting/money management tool for kids where the parent acts as the banker. They actually hold the physical money, and the kids do all the tracking of their money and their goals online with Family Mint."
Masterson said the Beta version of the website launched last June. His own nine children functioned as the early adopters and testers of the product.
In July the website was ready for public use. There are currently two versions of the website available. One is free. Masterson says the other, premium version includes more options for parents, like automating allowances, and setting up interest.
CMU Public Radio News
If you have kids who don't appreciate the value of money, help may be just a click away.
What started out as a Microsoft Excel spreadsheet became a new business opportunity for Bob Masterson. This Rochester Hills man co-founded Family Mint, a website that teaches kids how to handle money in a new, interactive way.
"The website is an online budgeting/money management tool for kids where the parent acts as the banker. They actually hold the physical money, and the kids do all the tracking of their money and their goals online with Family Mint."
Masterson said the Beta version of the website launched last June. His own nine children functioned as the early adopters and testers of the product.
In July the website was ready for public use. There are currently two versions of the website available. One is free. Masterson says the other, premium version includes more options for parents, like automating allowances, and setting up interest.
