Greenlight is designed to help your children develop a strong sense of responsibility, financial literacy, and work ethic. Through this innovative tool, parents can easily manage allowances, set up chores and jobs, and help their children start saving from a young age. In this guide, we'll show you how to make the most out of the Greenlight program.
Greenlight allows you to differentiate between chores and jobs, each providing unique teaching opportunities.
Once you've organized your child’s chores and/or jobs, Greenlight allows you to automate their allowance on a schedule that suits your family’s needs—weekly, bi-weekly, or monthly. With the automatic payment feature, your child will receive their allowance on the chosen payday, provided you have funds available in your Parent’s Wallet or have set up Autofunding.
For families who link allowance payments to chore completion, you can select the “All or nothing” option. This means your child will only receive their allowance if they complete 100% of their assigned chores before payday, teaching accountability and the importance of fulfilling commitments.
Don’t worry, Greenlight sends reminders! You’ll receive a notification a day before allowance is due, and you can always pause the allowance from the Allowance page if needed.
Greenlight is not just about spending—it’s a great way to teach your kids the value of saving. One of the most important financial lessons is to "pay yourself first," and Greenlight reinforces this idea by making savings a priority. In the Savings section, your child can:
Teach your kids to plan ahead by setting specific settings goals. This will encourage them to think about their purchases and prioritize saving.
Greenlight also allows for rounding up transactions, where spare change can automatically go into savings.
Parents can schedule automatic transfers into savings, ensuring a portion of any allowance or job payment goes straight into savings.
If you're not taking full advantage of Greenlight yet, there's no better time to start! If you’re a Central Bank customer, you get access to this awesome tool for free. Greenlight helps your children learn critical money management skills, build good saving habits, and prepares them for financial success in the future.
Join the Greenlight Family!