URAllowance

URAllowance – Join the evolution of family.

In this day and age, with all the technology that we used to stay connected with one another, it is hard to believe the rift between parents and children is drifting farther and farther apart. This familial friction is showing its effects on the way we raise our kids, especially when it comes to the topic of being financially responsible. We, the parents, are often times irresponsible. We make bad decisions too. If we were not taught the importance of responsibility and managing our finances and planning ahead, how then, are we to pass it on to our offspring? By learning with them.

Children nowadays are fine with doing the bare minimum expected of them. This is the habitual behavior that will get them stuck in a low paying job, never improving themselves. We firmly believe with the right guidance, your kids will be the next successful entrepreneurs.

Luckily for our generation, we have been given an amazing set of tools to learn with and to teach with. Blockchain technology has opened new doors for every industry in the world. It makes perfect sense to incorporate it into our daily lives and the lives of our future teachers. Our children.

This can be achieved with the URAllowance platform’s Family-Smart Contracts (FSC).

FSCs can solidify the unity of UR-Family (your family)  while simultaneously embracing blockchain technology and cryptocurrency. OUR future and the future for UR-kids (your kids) will be entangled with them.

The Problem

Problem A.  Families Growing Apart

Families are growing apart. Plain and simple. It seems that family dinners at the table and involvement in day to day activities, even family game night are becoming things of the past. Studies show this behavior is increasing. The results are in the chart below.

Problem B.  Entitlement

All too often, kids want to be given everything and don’t want to work for anything. They will kick, scream, cry and throw temper tantrums. These are just a few examples. The methods a kid will resort to, to avoid washing dishes or to play before homework, are astounding. Basically, they will do whatever it takes to have what they want. Just because they behave like monsters, doesn’t make them such. They are just new to this world and don’t know much except for what they want and what will make them happy at that moment. Most parents have given in to these antics, thrown our arms up in defeat. Enabling this action is a temporary solution but causes major problems in time.

Problem C.  The Counter-Intuitive Parent

Parents, by nature, don’t want to see their kids in pain. So when a child puts that quivering lower lip out and the eyes well up with tears, it becomes quite the challenge not to give in to the thing that will make them happy at that moment.

This reaction from parents seems natural but it is counter-intuitive to our jobs of seeing our children through to adulthood. It is not just our job to get them there, but also to make sure they are equipped with the skills to survive. As hard as it is to admit, most of us could do better. Most of us could use some help.

Problem D.  Are Our Devices to Blame?

We definitely are spending more time on our devices. The time we spend checking our notifications and social media is increasing at an exponential rate. We can see the problem with this but this is also a part of our lives that is not going away. Families should not have to compete with each other’s devices for attention.

Instead of waging war on a family member’s smartphone, let’s explore a more collaborative approach. Survey data displayed as an infographic below.

Problem E.  Insufficient Educational Tools and Interest

Cryptocurrency is here to stay. We know this and we are sure you do as well. Insufficient focus on youth involvement in cryptocurrency is surprising.  Kids have so many distractions and their attention spans are shrinking down while their expectations for results are increasing.

This isn’t surprising due to the fact that most kids have a nearly unlimited supply of 2 – 30 minute videos on practically every topic right in the palm of their hands. Grabbing their attention long enough to teach them about cryptocurrency, a topic that most adults are still just figuring out, can be somewhat challenging.

The URAllowance Solution

The URAllowance Platform (Web/Mobile App)

We are developing our basic platform. The URAllowance platform (currently under development) it will be the tool that helps parents/teachers/guardians teach kids financial responsibility and give them that sense of pride missing in today’s youth. The URAllowance platform has a two sided user interface (parents and kids) with access to Family-Smart Contracts that are powered by the URA deposited by parents. URAPP will offer our proprietary URSuite of tools for parents to interact with while customizing the perfect financial plan tailored to their needs. Then parents can set tasks and goals for their kids. When these tasks are completed or the goals are met, the Family-Smart Contract releases the funds to the kid’s wallet. The kids then have many options for spending or saving or increasing their earned money.