In today’s digital age, concerns over the safety of children and their exposure to risky financial behaviors are growing. Many children, even at a young age, are susceptible to falling into harmful activities, such as excessive online spending or unauthorized purchases. In Greece, recent statistics reveal that while the country fares well compared to the European average in areas like drug supply and usage, there is a worrying trend in alcohol consumption, tobacco use, and online gambling among minors.
Alarming Statistics on Adolescent Behavior
The 2019 ESPAD Survey (European School Survey Project on Alcohol and Other Drugs) sheds light on this concerning reality:
– Alcohol consumption among Greek adolescents is significantly higher than the European average (91% vs. 65%), making Greece the second-highest country in the EU after Denmark.
– Gambling participation among students in Greece is 45%, compared to the European average of 29%.
Such behaviors highlight the importance of giving parents tools to help manage and monitor their children’s financial activities effectively.
The Risks of Using Cash
One of the biggest challenges for parents is monitoring how and where their children spend their money. Cash, by nature, is difficult to track. Parents can’t constantly oversee their children’s transactions, leading to concerns about uncontrolled spending.
This is where Woli steps in as a game-changer.
Woli: A Smart Solution for Parents and Kids
Woli is a Visa-powered debit card and mobile app designed specifically for children aged 8-18. It offers parents visibility into their children’s spending while teaching kids essential money management skills in a safe and controlled environment.
Here’s what makes Woli unique:
Real-time transaction alerts
Parents receive instant notifications about their children’s spending, giving them peace of mind.
Customizable controls
Parents can lock the card in case of loss or theft and block specific types of transactions, such as those involving gambling or age-inappropriate purchases.
Budgeting and savings skills for kids
Children learn to manage their allowance responsibly, understand the difference between needs and wants, and practice saving for future goals.
Encourages financial literacy
Through small tasks or chores, children can earn extra funds, helping them understand the value of money and the connection between work and pay.
A Secure Financial Journey with Woli
Woli ensures that families can embark on a financial literacy journey together. This tool isn’t just about controlling spending—it’s about empowering children to make smarter financial decisions. Whether it’s setting spending limits or teaching the basics of saving, Woli fosters habits that will serve children well into adulthood.
Building Financial Responsibility Together
By combining education and security, Woli helps parents and children take meaningful steps toward understanding money. In a world where financial literacy is more important than ever, Woli stands out as an essential tool for raising financially responsible and savvy individuals.
Accessible and Affordable
Woli provides a 30-day free trial, allowing families to explore its features at no cost. After the trial period, they can continue using Woli without a subscription through the STARTER plan, which offers limited access to the app’s features, or opt for the full experience by subscribing to the premium plan for just €2.99 per month per child, unlocking unlimited access to all Woli features.
