Kit

?? Find out how kids who engage with Kit are 16x more likely to start saving! Our 2024 Money Matters Report is live, here’s what MD, Yish Koh had to say about the impact Kit is having on young people in Australia: “This is an incredibly proud moment for me and the entire Kit team! We've released our second Money Matters report today and it's exciting to see how gamified learning nudges are having a positive impact on children’s financial capability.”? If you've been following Kit, you'll know that accelerating the financial capability of children is the reason we exist. Our 2024 Money Matters report shows that:? ?? Kids who engage with a nudge to set up a Stack are 16x more likely to set one up, 8x more likely to transfer and 12x more likely to grow their savings ?? Kids who engage in our nudges as they progress towards their goal are 2.5-3x more likely to transfer to their Stack & increase their balance ?? Children who are engaging in our gamified learning are showing increased behaviours associated with financial capability, even if their parents are not engaged in the app ? Read the full report here: https://lnkd.in/gHYV7AxX

?? Find out how kids who engage with Kit are 16x more likely to start saving! Our 2024 Money Matters Report is live, here’s what MD, Yish Koh had to say about the impact Kit is having on young people in Australia: “This is an incredibly proud moment for me and the entire Kit team! We've released our second Money Matters report today and it's exciting to see how gamified learning nudges are having a positive impact on children’s financial capability.”? If you've been following Kit, you'll know that accelerating the financial capability of children is the reason we exist. Our 2024 Money Matters report shows that:? ?? Kids who engage with a nudge to set up a Stack are 16x more likely to set one up, 8x more likely to transfer and 12x more likely to grow their savings ?? Kids who engage in our nudges as they progress towards their goal are 2.5-3x more likely to transfer to their Stack & increase their balance ?? Children who are engaging in our gamified learning are showing increased behaviours associated with financial capability, even if their parents are not engaged in the app ? Read the full report here: https://lnkd.in/gHYV7AxX

?? How much pocket money do you think parents should be giving kids?? ? Kit MD, Yish Koh spoke with The West Australian about all things pocket money – read more here: https://lnkd.in/gJzfAkQz? ? Note: The article shared is behind a paywall and may require a subscription to view in full.?

Kit launches Australian-first feature to help kids earn and learn about interest. With Youthsaver, your kids could start earning interest on savings in their Youthsaver account. Parents and carers can now link a new or existing CommBank Youthsaver account to their child's Kit account. Once linked, you and your child will be able to see their Youthsaver balance within the Kit app and transfer from Kit to Youthsaver. Yish Koh, Managing Director of Kit, said: “While there’s no shortage of financial products enabling grown-ups to manage a child’s savings, most of these don’t have an experience designed for the child. We wanted to change that – helping get kids excited about the earning-potential of interest, and put into practice positive savings behaviours we hope they’ll carry forward into adulthood.” Learn more at https://hubs.ly/Q02Yt4h20 ... Kit financial products including the Kit Account and the Kit Card are issued by our partner Hay Limited (AFSL 515459). Consider the PDS, FSG, TMD, T&Cs and other important information at https://hubs.ly/Q02Yt5KB0 . CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account. Any advice provided is general only, Consider whether a Youthsaver account is appropriate for you. The TMD for the product is available at https://hubs.ly/Q02Yt4xK0. Subject to eligibility criteria. Rates subject to change.

Throwing it back to last weekend when Kit MD, Yish Koh took to the Discovery Stage at SXSW along with Emily Heath, Georgie Dent, Wil Monte and Nicole Pedersen-McKinnon.? ? The group discussed how technology can help or hinder the next generation and looked at the role parents play in building financial capability. ? ? Yish’s top takeaway? 'It’s important to talk openly with your kids about money and give them their own source of money to make their own decisions and mistakes with!’?

Join Kit MD, Yish Koh as she discusses “Invisible Money: How Technology can Help or Hinder the Next Generation” and financial literacy along with Emily Heath, Georgie Dent, Wil Monte and Nicole Pedersen-McKinnon on Saturday, October 19th, 2pm on the Discovery Stage at SXSW Sydney. Thanks to INVNT? and SXSW Sydney for hosting!

Our MD Yish recently spoke with the The Australian Financial Review about how easy it is to set and track pocket money chores and have visibility over your child’s spending. For the cost of a cup of coffee a month, Kit helps kids grow their financial capability with gamified learning in the app. It also enables them to practice skills like allocating money to their savings goals and helps them spend those hard-earned dollars safely with their own prepaid Visa card. https://lnkd.in/gD9AvkgC

Rey is very excited to have received her very first card, to kick-start her financial literacy journey with the Kit App. As a proud mom, I'm thrilled to join the talented and dedicated Kit team from x15ventures that brings this product to life!

Kit MD, Yish Koh spoke with Diana Jenkins about building scam smart kids. “If you want to be financially well, you have to have a level of money smarts, of financial capability,” she said. “Financial literacy for us is about the knowledge, which is very important, but you also need to have behaviours and positive attitudes.” To hear more from Yish and other experts like Scott Pape, check out the article here: https://lnkd.in/gWPgZ2vu

Kit MD, Yish Koh sat down with finance expert and author of Money Queens, Michelle Bowes to talk all things pocket money, part time jobs and raising financial feminists. Check out Kit’s Learn It blog to hear what Michelle had to say. ?? https://hubs.la/Q02D-89l0