A Lot or a Little?
What you will—and won't—find in this website.
Kids can learn budgeting skills by making purchases and adding funds to their Virtual Piggy account. Kids are encouraged to set long- and short-term savings goals with their wish lists. They'll also gain valuable experience in money management, decision-making, and online shopping. With Virtual Piggy, kids can experience what it's like to have an account of their very own and the responsibilities that come along with it.
Virtual Piggy teaches kids financial responsibility as they save, track, and spend their allowance. Kids have the option to donate to charity, which gives them a broader understanding of how they can use money.
Products & Purchases
Virtual Piggy exists to create a safe space for kids to buy things online. However, it's still all about buying, aside from the option to purchase a donation gift card to a charity of your child's choice (which is admittedly very cool).
Parents Need to Know
Parents need to know that Virtual Piggy is a secure place for their kids to start shopping online. They have control of a shopping account for each child and can add or subtract money as desired (like an allowance). Kids can buy clothing, books, and games from a selected group of retailers, then use the money in their Virtual Piggy account to pay.
Is It Any Good?
Virtual Piggy is growing, but there are some problems. There aren't all that many stores available to buy from right now, but according to the site, lots more are signing up to be partners. Some instruction is available, but only by video and it's difficult to find. It would be nice if help were more accessible. Virtual Piggy is a good introduction to the experience of shopping online, but don't expect to be able to buy whatever you like. However, the smaller selection may actually be helpful for kids as they begin to navigate the vast online shopping world.
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