Mydoh

Did you know that 47% of Canadian parents give their kids an allowance? 💰✨ Which means over half of Canadian families are opting out of an allowance altogether. But why? We partnered with Ipsos to talk to hundreds of Canadian parents about their views on giving their kids and teens an allowance. The result? Introducing the first of its kind, Mydoh's Canadian Allowance Report. It highlights the importance of how an allowance can teach kids about financial literacy. However, many parents are unsure about allowance best practices – from when to start an allowance, how kids should spend their allowance, to using it as a tool for discipline. In the Allowance Report, Accredited Financial Counsellor Jessica Moorhouse, AFCC®  helps provide parents with actionable guidance on their allowance approach, which she calls “The ABCs of Allowance.” Download the Mydoh Canadian Allowance Report report here for further insights and allowance guidance: https://lnkd.in/g33MHeWC

Did you know that Financial Literacy Month is right around the corner? 💰🗓️ The theme this year is “Money on your Mind. Talk about it!” As a parent of two teenagers, our CEO, Angelique, shares personal reflections on how we can turn everyday moments, like allowance, into valuable lessons about money. See what our they had to say about preparing kids for financial independence during this time and beyond.  #Mydoh #FinancialLiteracyforKids #MoneyTalk

Our team recently came together to kick off FY25 with a blend of strategic planning and celebrations for all we’ve achieved this year. At Mydoh, our vision is to make banking more accessible so that the next generation can achieve their financial aspirations. Already, we have been able to help nearly 200,000 Canadians build a more solid financial foundation! We’re thrilled to have reached three major milestones: 💰 Went subscription free! That’s right—no more monthly fees, making Mydoh more accessible to families across Canada. 👋 Successfully launched in Quebec. We’re excited to help even more families teach financial literacy and empower their kids. 💸 Expanded our Money Movement features. Now, kids and teens can send, receive, and request money seamlessly, giving them more autonomy and flexibility in managing their finances. These milestones bring us closer to our mission of making financial literacy accessible to even more Canadian families. We can’t wait to see what’s next as we continue to evolve and support the next generation of money-smart kids! #FinancialLiteracy #FinTech #Mydoh #MoneyManagement #FamilyFinance

It’s World Mental Health Day, a day to spotlight mental health, reduce stigma and raise awareness of mental health issues. Mental health can affect many areas of a person’s life, including finances. When emotions run high, sometimes people turn to spending money to cope—including teens. Whether it’s splurging on a new outfit to fit in with friends, buying a game to shake off a bad day, a little “retail therapy” can provide an instant mood boost. While that initial rush is undeniably awesome, it’s important for teens to recognize when feelings, not needs, drive their purchases. Understanding the triggers of emotional spending and how to curb it can help teens handle their emotions in healthier ways. Read our article below to learn more 👇  https://lnkd.in/gmKE7V9T #WorldMentalHealthDay #EmotionalSpending #Mydoh 

Did somebody say “Bonjour”? Mydoh is bringing family finance to Quebec. We’re thrilled to share that we’ve officially launched in Quebec, making financial literacy even more accessible to Canadian families. A recent survey revealed that 85% of Quebec parents find it challenging discussing certain aspects of money management to their children, and we’re here to help bridge that gap. With Mydoh, parents and kids work together to build healthy financial habits, using real-world experiences like setting savings goals and managing allowances – allowing parents to support their kids in learning about earning, saving, and spending (wisely 😉). This expansion supports our ongoing mission of empowering families to build healthy financial habits together. We’re excited to continue helping families across Canada in raising financially smart kids. Want to learn more? Tap the link below 👇 https://lnkd.in/gu9RgJgW _________ Mydoh est arrivée au Québec. Dites bonjour à l’application financière des ados! C’est avec beaucoup de plaisir que nous vous annonçons le lancement officiel de Mydoh au Québec, pour une littératie financière plus accessible aux familles d’ici. Un récent sondage révèle que 85 % des parents québécois ont de la difficulté à parler de certains aspects de la gestion de l’argent avec leurs enfants, et c’est là que nous entrons en jeu. Avec Mydoh, les parents et les enfants travaillent ensemble pour développer de saines habitudes financières grâce à des actions concrètes, comme fixer des objectifs d’épargne et gérer les allocations. Cela permet aux parents d’encourager leurs enfants à apprendre comment on gagne, épargne et dépense de l’argent (intelligemment 😉). Cette arrivée au Québec vient soutenir notre même mission : donner aux familles les moyens de développer ensemble de saines habitudes financières. Nous sommes emballés de pouvoir aider les parents du Québec à inculquer la responsabilité financière à leurs enfants et ados de la même façon que partout ailleurs au Canada. Envie d’en savoir plus? Cliquez sur le lien ci-dessous 👇 https://lnkd.in/gW9mgYVn #Mydoh #RBCx #FinancialLiteracy #Quebec #FamilyFinance #RaisingMoneySmartKids

Now there are more ways for kids to earn money with Mydoh 🥳 Kids and teens can instantly receive money from friends and family anywhere, anytime – even if they’re not on Mydoh using a unique payment link 🔗 ▶️ 💰 Whether it’s birthday cash from relatives, payment for that first babysitting gig, or money from a neighbour after helping out with tasks—your kids can instantly receive money easily and safely, all in one place. It’s fast, simple, and secure 🔒 This feature builds on our commitment to helping families equip their kids with the tools they need to build their financial confidence into adulthood. Learn more about money movement at Mydoh 👇 https://lnkd.in/gp9gjk3B #Mydoh #FinancialLiteracy #CanadianFintech #MoneyManagement #FamilyFinance #MoneyMovement

Mydoh continues to lead the way in youth banking in Canada. We’re excited to share that teens aged 14+ can now instantly and securely send and receive money with other Mydoh users right in the app. No need to sign into a bank account, no security question, and no fees – but we know security is important to parents. Which is why teens need to be 14+ and verify their identity ID to unlock this feature. And parents can relax knowing they still have complete oversight over their teens’ money movement. This feature is another step towards providing teens with real life experience in building their financial independence. Click below to learn more about money movement at Mydoh 👇 https://lnkd.in/gzFvsQka #Mydoh #TeenFinance #FinancialIndependence #MoneyManagementForTeens

We’re excited to share that Mydoh is now the go-to cashless solution for Scholastic Book Fairs across Canada! 🎉 Say goodbye to pockets full of loose cash and hello to a smarter, safer way for kids to enjoy book fairs. Why this matters: 💡Convenience: With Mydoh, kids can use their Smart Cash Card to buy the books they love without the worry of counting change or losing cash – making for a fun and hassle-free book fair experience. 💆Peace of Mind: Parents can lock their kid’s Smart Cash Cards if lost or stolen, keeping their funds secure. 🧠Learning + Fun: Kids get real-life experience in financial literacy and the joy of reading, all in one go. We’re thrilled to support kids in becoming both money-smart and book lovers. Want to learn more? Head to the link below 👇 https://lnkd.in/gYunvFxz #Mydoh #Scholastic #FinancialLiteracy #Reading #BookFairs #Education

Did you know that 2SLGBTIQ+ teens face unique financial challenges that can significantly impact their well-being and financial future? From increased mental health costs to workplace discrimination, these young individuals encounter obstacles that many might not be aware of. In our video, Taur takes a deeper dive into some of these issues. Understanding these challenges for queer youth is the first step toward creating a supportive environment. 📚 Head to our blog for key insights and to learn more about how financial literacy can empower 2SLGBTIQ+ youth 👇 https://lnkd.in/gpqSw4AX #PrideMonth #FinancialLiteracy #2SLGBTIQ #QueerYouth #Mydoh

🏆 Exciting News! 🏆 Mydoh has won the Award of Distinction at the Association of Registered Graphic Designers (RGD) 2024 In-House Design Awards! 🎉 Our mission has always been to transform the way parents and kids approach money and finance. By breaking away from traditional financial aesthetics, we’ve created a dynamic, fun and engaging brand that resonates with our community. A huge thank you to our design team for their creativity and dedication: Head of CX & Design: Hector C. Creative Director: Lionel Wong Senior Art Director: Tadeu Toussaint Senior Visual Designer: Peter Minsub Lee Senior Visual Designer: Angela Milana Senior Copywriter: Dermot O'Brien Read more here 👉 https://lnkd.in/eB6FE757 #Mydoh #BrandDesign #FinancialEducation #FamilyFinance