KIDDIEKREDIT

Kiddie Kredit is a mobile chore tracking app that teaches kids about credit. The premise of the app is that the better a child performs their household duties, the higher their Kiddie Kredit score will be. The algorithm to calculate this parallels traditional FICO models to determine how much of a weekly reward they will receive, which can be monetary or non monetary. The child will mark off their daily chores as they complete them, and the parent/guardian will either approve/deny the chore submission. These chores will all count towards a kredit score that is calculated weekly and will determine how much of their predetermined weekly allowance they will receive.