<div class="tab-content-content">Mydoh is a money management application designed for parents and children aged 6 to 18, with the primary goal of instilling sound financial values through practical experience and knowledge acquisition. The app facilitates a learning environment where children can actively engage in earning, saving, and spending money responsibly, all while maintaining parental oversight and involvement in the process. One of the key features of Mydoh is the task and allowance system, which enables parents to assign tasks to their children and compensate them upon completion. This system not only teaches children the value of hard work and earning but also provides parents with a convenient way to manage and track their children's activities and rewards. The app simplifies the payment process, making it easy for parents to transfer funds to their children's accounts once tasks are completed. Furthermore, Mydoh allows parents to set up recurring weekly allowances, regardless of whether chores are performed, providing a consistent source of income for their children to manage. This feature is particularly useful for teaching children about budgeting and financial planning, as they learn to allocate their allowance for various needs and wants. The Mydoh card, available in both digital and physical formats (the ‘Mydoh Smart Cash Card’), is another essential component of the app. This card allows children to make purchases at physical stores and online retailers, fostering a sense of independence and responsibility in their spending habits. Since the Mydoh card is a reloadable prepaid card rather than a credit card, children can only spend the funds available in their account, preventing the accumulation of debt and promoting responsible financial behavior. This feature provides parents with peace of mind, knowing that their children are learning to manage money without the risk of overspending or incurring debt. For older children, aged 13 and above, the Mydoh card can be added to their Apple Wallet, enabling them to make in-store purchases using their iPhones at any location that accepts Visa or Apple Pay. This integration with Apple Wallet provides added convenience and aligns with the digital lifestyles of today's youth. The app also includes a lock and unlock feature for the Smart Cash Card, giving parents the ability to temporarily disable the card if needed, such as in cases of loss or theft. This feature enhances the security of the card and provides parents with greater control over their children's spending.</div><div class="tab-content-content"></div><div class="tab-content-content">In addition to the standard Mydoh Smart Cash Card, Canadian youth have the option to design and personalize their own custom Smart Cash Card, known as “Mydoh by Me.” This feature allows children to express their individuality and creativity by customizing their prepaid VISA card with a personal photograph or an image from Mydoh’s gallery, along with various stickers. The custom card costs $6.99 and offers a unique way for children to take ownership of their financial tools. The design process is simple and user-friendly, allowing children to easily upload their chosen image and arrange it to their liking. Once the design is approved, the custom card is produced and shipped within 5 to 7 working days. This personalized card not only serves as a practical payment tool but also as a reflection of the child’s personality and style. Mydoh also incorporates savings goals as a key component of its money management platform. The app provides two distinct savings buckets: “Goals” and “General Savings.” The “Goals” bucket allows children to set specific savings targets for items they wish to purchase, complete with a target date and amount. This feature encourages children to plan and save for their desired items, teaching them the importance of delayed gratification and financial discipline. By setting a specific goal and tracking their progress, children can visualize their savings journey and stay motivated to achieve their objectives. The “General Savings” bucket, on the other hand, allows children to save without a specific goal, target date, or amount. This feature is ideal for accumulating funds for future use or for building a general savings habit. Children can track their savings history and celebrate their achievements as they reach their goals, fostering a sense of accomplishment and reinforcing positive savings behaviors. The app provides visual representations of their savings progress, making it easy for children to understand and stay engaged with their savings journey.</div><div class="tab-content-content"></div><div class="tab-content-content">Mydoh provides parents with comprehensive oversight of their children's financial activities within the app. Parents can monitor their children’s progress in setting and achieving financial goals, as well as track their spending habits. This transparency allows parents to guide their children in making informed financial decisions and provides opportunities for valuable discussions about money management. The app empowers children with financial literacy at their fingertips, while ensuring that parents remain informed and involved in the process. Mydoh also allows parents to add a second parent to the account at no additional cost. This feature enables both parents to share the responsibilities and tools needed to raise financially savvy children. Both parents can assign tasks, pay allowances, and add funds to their children’s accounts. They can also collaborate on tracking goals and spending, fostering a unified approach to financial education within the family. In terms of security, Mydoh was created with the support of Royal Bank of Canada (RBC), ensuring a high level of security and peace of mind for users. RBC’s involvement demonstrates a commitment to providing innovative solutions that improve people’s lives. The Mydoh Smart Cash Card is also issued by RBC and powered by Visa, further enhancing its safety and security. This partnership with established financial institutions ensures that Mydoh adheres to strict security protocols and provides a reliable platform for managing money. Mydoh offers a fee-free experience, with no monthly charges, making it accessible to a wide range of families. This commitment to affordability underscores Mydoh’s mission to promote financial literacy and responsible money management for all children. The app encourages users to open a Mydoh account to experience its benefits firsthand, highlighting the ease and speed of the sign-up process. Overall, Mydoh is a comprehensive and user-friendly money management app that empowers children to develop essential financial skills while providing parents with the tools and oversight they need to guide their children’s financial journey.</div>