Zefty.com is a free online service that allows parents and their children to keep track of finances, such as allowance, without the exchanging of actual paper money, much like a bank.
This service advertises itself as a means for parents to be able to keep up with their childrens allowance and spending through automatic deposit and withdrawls. With Zefty you do not have to remember whether or not you have already given your children their allowance and transactions and deposits can be controlled with the click of a mouse.
While Zefty advertises as a service between parents and younger children, it could also be used by educators to teach kids finance-handling skills and good money management. In Tennessee high school you are required to take Personal Finance to graduate so this would be an effective website to learn by.
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