With Greenlight’s Savings Goals we’ve made it easier for you to empower your children to establish healthy, lifelong financial habits by setting new savings goals to motivate and focus their money management. Your kids can create savings goals to save for specific purposes - like a new bike, phone, game, or trip!
Within the Greenlight app, your kids can move money from other approved greenlights into their savings at any time. If your kids decide they want to spend money in their savings, they’ll need to send you a request in the Greenlight app to have that money moved. This way, you can have those crucial conversations about the tradeoffs between continuing to save, or spending their hard-earned money.
Keep in mind, you can add money anytime instantly to your child’s General Savings, and adjust your Parent-Paid Interest rate!