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Money-managing site has shopping, strong parental controls.

What parents need to know

Educational value

Kids can learn about money management by working with their parents to set financial goals. They'll get an introduction to reading graphs by keeping an eye on their earning history and how close they are to achieving their savings goal. Since parents and kids use Tykoon together with linked accounts, there are plenty of opportunities for parents to discuss their values about money with their kids -- as well as the importance of setting goals and working to achieve them. Tykoon's innovative design makes money management a fun, unintimidating experience for both kids and parents.

Positive messages

Tykoon encourages kids to be aware and responsible when it comes to money management and includes charitable giving as a major part of the process. They can also learn to be proactive about earning money by suggesting tasks.

Violence & scariness
Not applicable
Sexy stuff
Not applicable
Not applicable

Tykoon has an Amazon store, and shopping is a major part of the financial-management experience.

Drinking, drugs, & smoking
Not applicable

Parents Need to Know

Parents need to know that TYKOON is an online platform for learning money management. Parents set earning goals and decide how much kids should allocate to savings, purchases, and donations. Some parents may welcome the opportunity to get kids more involved in financial planning, while others may find the site overly commercial with its many opportunities for shopping.

Kids say

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What's it about?

Founded by two business executives, Tykoon allows kids and parents to collaborate on setting money-management goals. Parents create a free account for kids and decide how they can earn money (such as through an allowance or by completing chores), then decide how much of their kids' money goes to savings, purchases, and donations. Kids get a separate login that allows them to suggest tasks, choose items to buy or save up for, and browse charities for donations (all subject to parents' approval). They can also connect with friends on Tykoon.

Is it any good?


Tykoon has a smart setup that lets parents and kids communicate with each other within a user-friendly platform and give parents lots of control over their kids' experience. Parents can block categories of items they don't want kids buying in the Amazon store (such as beauty products or video games). Kids can be proactive about earning money by suggesting tasks and pay rates. Tykoon encourages saving and giving, but shopping is also a big part of the experience; for example, the dashboard includes a "spend" section that rotates through images of tempting items.

Families can talk about...

  • Families can talk about their values related to money and how websites and apps often encourage spending.

  • Families can talk about the difference between a "want" and a "need." Do you think advertisers target kids and entice them to spend money on toys and clothes they don't necessarily need? Check out Selling to Kids Tips and rein in those wallets.

  • Families can talk about real money vs. the concept of virtual money. Does spending virtual money make you savvier about your own real money?

Website details

Subjects:Math: graphing, money
Skills:Responsibility & Ethics: fiscal responsibility, honoring the community, making wise decisions
Self-Direction: goal-setting, self-reflection, work to achieve goals
Pricing structure:Free

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What parents and kids say

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Parent Written byilovemykids628 June 28, 2012

Tykoon is unique and worth trying

Tykoon teaches kids the power of earning and the importance of allocating dollars to causes other than spending such as saving and giving. There is no other service out there at this point that teaches kids to earn money through a real life experience. I will be using Tykoon to teach my kids the value of a dollar.
What other families should know
Great messages
Safety and privacy concerns
Parent Written byMomKnowsBest80 June 28, 2012

Tykoon works!

Our family loves Tykoon - it has helped our kids think about money in a new way (not just as something that grows on trees). Our kids want to complete tasks and save up money for their savings goals. They are even looking for ways to help around the house and are asking for more tasks so they can make their goals sooner. Our kids really love to "spot" items they see at stores and save up to buy them instead of whining about how much they want a new toy - it's totally changed the way they look at shopping!
What other families should know
Great messages