💥Discover the Little Savings Feature: A Journey to Financial Mastery!🚀

Oooohhh! I am excited to share this exciting news with you all. So many of you have reached out to us on how to educate your child about money and we have listened. Afterall, what is Financial Education without savings, right! That’s right! We are introducing a new feature on Little called SAVINGS 🥁🥁🥁🎊🎉.

What is the Savings Feature all about?

Like the name implies, the Savings feature on Little allows your child to save money on the Little app.

Your child can set aside some money from his or her pocket money wallet, and transfer it into their savings wallet, and that money can be locked for a period of time.

We believe that a good way to teach children money lessons is to have them practice it also. Teaching children from a very young age that they do not need to exhaust every penny given to them at once, but can also save for future expenses, sets them on a path to financial success. Now, let me tell you why we built this feature, and why it is dear to our hearts.

Why Did We Build This?

We did a survey recently and asked people what they wished they knew about money when they were younger and 80% of them wished they had knowledge about savings and investment. It is quite sad to see adults struggling with savings and that's why we want to make sure the leaders of tomorrow, our children, know all there is to know about Financial Education.

Without savings, Financial education is incomplete and we have taken it upon ourselves to make sure our Leaders of Tomorrow are well equipped and more than able to handle their finances as well as that of the nation.

We want children to be able to make good decisions when it comes to their finances, like knowing how to spend on needs, not on wants and knowing when to spend all and when to save some. We want them to be responsible and confident in the actions they take regarding their finances.

This is what Little is all about; Providing a platform for children to learn about money and grow into Financial responsible adults.

How does the Savings Feature work?

Students who use the Little card in schools can easily go to the LIttle Terminal handler/agent in the school, and request to create a savings wallet.

The wallet will be created instantly, and students can easily transfer money from their pocket money wallets to their savings wallet with just one tap on the Terminal machine. It is hassle free and very transparent for the students!

At this point, you may be wondering, “How is the Savings Feature on Little different from the regular ones out there?” I’ll tell you why.

How is this different from any other Savings App?

With this Savings feature, Children do not have to go through all the stress of going to a bank or providing a BVN or NIN to activate their savings account. They also have full control over their account and can choose who sees how much they have saved.

The Savings Feature will help your children build consciousness on how much they spend and how much they can save, Help them understand the concept of Scale of Preference, understand needs and wants and even Budgeting.

Savings is one of the most important aspects of financial planning and what better time to teach your children all of this like now?

Do you have any questions about the new savings feature coming soon? We’re always here to help! Drop your questions in the comment section below. Let’s embark on a savings journey together.

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