RoosterMoney Launches First Ever Kids' Allowance Skill for Amazon Alexa

LONDON, July 12, 2018 /PRNewswire/ --

• RoosterMoney launches first ever kids' allowance skill for Amazon Alexa. After saying, "Alexa, open RoosterMoney," families and kids can ask questions like:
  • "Alexa, how much money have I got?"   
  • "Alexa, what's in my spend pot?"   
  • "Alexa, what chores do I need to do today?"   
• Independent research shows:
  • The key to kids learning about money is talking about it.
  • 1 in 4 students lack basic financial knowledge.*
  • Voice-activated devices are set to reach 75 percent of households by 2020.**
• Kids using RoosterMoney have saved 30.5 percent of their allowance this year, showing good money habits can start young.

One-fifth of Americans will use a voice-activated device at least once a month this year.*** Families are currently using these devices to do everything from ordering pizza to controlling their smart home - and now with the new RoosterMoney skill for Amazon Alexa, released today, families and kids will be able to keep better track of their allowance and learn good money habits, too.

Research shows the key to kids learning about money is talking about money.****  

"Our mobile app removes the typical barriers of an allowance routine like forgetting how much they have in their piggy bank, and creates space for kids and their parents to have more meaningful conversations such as what the kids are saving for and how they are going to achieve those goals. The idea behind the RoosterMoney skill for Alexa is to encourage families to, quite literally, talk about money."  

Will Carmichael, RoosterMoney CEO.

Research suggests that within three years 40 percent of consumers will be using voice services instead of websites and apps.*****  

How it works:   
Families can simply enable the skill from the Alexa app, then say "Alexa, open RoosterMoney," to start asking Alexa about their allowance balance, recent spending, any chores they have, and more.

You can learn more here: blog.roostermoney.com/roostermoney-amazon-alexa

A survey of 10,000 of RoosterMoney's users showed 72 percent of parents give a regular allowance to their kids, averaging $8.74 a week. Encouragingly, kids using the mobile app have managed to save 30.5 percent of all money they've received so far this year - now that's something to talk about!

* http://www.oecd.org/finance/many-teenagers-struggle-to-understand-money-matters.htm

** https://www.voicebot.ai/2017/04/14/gartner-predicts-75-us-households-will-smart-speakers-2020/

*** https://www.emarketer.com/Article/Alexa-Say-What-Voice-Enabled-Speaker-Usage-Grow-Nearly-130-This-Year/1015812

**** https://mascdn.azureedge.net/cms/habits-set-by-age-seven-pr-220513-final.pdf

***** https://www.capgemini.com/wp-content/uploads/2018/01/dti-conversational-commerce.pdf 

Contact: James Kassam, +44(0)791-750-8614, [email protected]

SOURCE RoosterMoney