Kidworth In a Nutshell
“The road to a richer future starts by getting started"
Kidworth is about using a kid’s income (from gifts, allowance and earnings) in productive ways.
Parents register a free account and set goals with kids (or for kids, depending upon their age) and share those goals with the people in their kid’s life. (Kidworth has tools to help with sharing).
When events occur where the kid would receive gifts, earn allowance or earnings from chores or jobs, that “income” can be applied toward the kid’s goals.
Setting & Sharing Goals
Goals can be smart products, long term saving & investing or charitable giving. Kidworth has prebuilt goals identified by our Parents Council, or you can create your own.
Goals can be shared through party Invites or eCards built directly on Kidworth. Kidworth Invites and eCards include a link to your kid’s page, identifying the goals you’ve set. Therefore, recipients can support your kid’s goals by simple gift card purchase online. You can also share goals through social media (Facebook, Twitter, etc.) or by email.
You’ll receive email notice of any gift card purchases, and the gift will be recorded on Kidworth. You can withdraw the funds at any time. You can also track your kid’s own contributions to his/her goals.
Kidworth is totally free to parents and kids. Anyone can support your kid’s goals directly, for free. For those that purchase gift cards, there is a small service fee to cover credit card processing.
Building a Portfolio
"If you don't know where you are going, you might wind up someplace else." - Yogi Berra
Kids can get fired up about earning, saving and smart spending. It starts with intelligent goal setting. Kidworth makes it easy with the Portfolio Builder.
Start by identifying one of your kids to start with. The Portfolio Builder will help you step by step. You can select from our catalog of Parent Approved goals or build your own. We encourage a balanced portfolio with Share, Spend and Save goals.
Once you’ve built a portfolio, share your kids page so that people in his/her life can help.
Your first step on your kid’s road to a richer life is setting goals. So get real about goals now.
Managing Funds in Kidworth
Proceeds from gift card purchases will be recorded and held in your account. Typically, funds are withdrawn once the goal is met (for example, to purchase the computer or fund the 529 account).
However, you can withdraw funds at any time.
Withdraw funds from your kids goal admin page to have a check mailed directly to you. As a parent, you manage the account on your kid’s behalf.
Soon Kidworth will have a variety of financial products so that funds can move directly into savings, brokerage and 529 accounts. Currently, Kidworth is focused on building value for kids through intelligent use of their income. Get Started