Splash LA 2012 People's Choice Award - AllowanceTree
Check out AllowanceTree.com's pitch in the Splash LA 2012 competition
Splash LA People's Choice Award winner AllowanceTree.com aims to educate today's youth to avoid another economic meltdown. Watch co-founders Arnie Benn and Daniel Desatnik present.
Kristin Karaoglu
Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams
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AllowanceTree.com
Startup/Business
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On AllowanceTree, kids and teenagers manage and grow their real money in a fun, interactive, and parent supervised platform that mirrors the real world. They learn financial literacy and healthy money habits by doing, with their own money. They can save, invest (in their grades), give charity, diversify, take out loans (from their parents) and learn to avoid debt. Ages 9-17.
This product is a much needed and timely solution to the prevailing problem of financial illiteracy. Everyone seems to agree that if children were taught finance in a stimulating, technologically exciting environment, where they could learn to succeed and fail under controlled circumstances, they would grow up far better equipped to deal with the financial stresses that life entails. Our hope is that this product will help spare the current generation of youth from the sometimes catastrophic consequences and burdens that financial illiteracy has placed on the lives, marriages and happiness of their parents' generation.
Daniel Desatnik
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I have been developing websites for over 12 years. I am an expert in php, jquery, javascript, mysql, html, and css. I graduated from Emory University with a simultaneous BA and MA at the age of 21.Arnie Benn
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