According to the US Department of Agriculture, it costs American parents on average $233,610 to raise a child through the age of 17. If you live in an expensive metropolitan area those dollar signs are oftentimes much bigger. Add the cost of college to the mix and the worry of a child’s financial future is all too real for many millennial parents.
Well worry no more mommies and daddies, the team at Littlefund is here to help. Littlefund is the brainchild of Mimi Chan, who after becoming a first time parent realized that the existing options for planning a child’s financial future were complicated, restrictive, and frustrating. After some research, Mimi realized that she could create a more sustainable way of raising her family by tackling hyper-consumerism. She created a digital piggy bank, that gives parents the ability to set goals, automate savings, and share gifts with friends via mobile phones. Parents can deposit and withdraw funds with no restrictions 24 hours a day. Help your child save for preschool, swimming lessons, summer camp, and many more. By simplifying the saving process, Littlefund is building the financial future for modern families. To discover more, check out Littlefund online and let us know what you think in the comments section below.