Parents have complete control over their teen’s investments and must approve every investment. Greenlight also lets teens start investing in the stock market to broaden their financial knowledge and have a chance to make more money! Plus, parents can set up deposits to their teen’s Greenlight account for chores or weekly allowance. With Greenlight, teens can also put money into savings where they can set goals such as getting a car, college, etc… and earn up to 5% in interest! Greenlight is much more than a simple budgeting app it’s more of a bank account that parents have complete control over.Īs a parent, you can give your teens a Greenlight debit card and load it with money for them to make purchases and monitor all spending. One of the best budget apps for teens to use to manage their money is Greenlight.
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