Yodaa Launches First-of-its-kind Innovation in Teen Banking

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Neo-Bank for Teens, Yodda launches Stash and Split Bills features to promote savings and social finance amongst teenagers.

Yodda is building a community of smart, financially aware teenagers across India and SE Asia through its product offerings like a personal card and smart money app.

Yodaa, a teen neo bank designed to empower smart teenagers with the tools to understand and achieve financial independence, has built a Stash account for its users to encourage savings at an early age. Teens can use Stash to set up personal recurring savings plans, and parents have the option to contribute. Using Yodaas Split Bills function, teen members can split and settle bills easily within the Yodaa network.

Considering that financial planning isnt a big part of the curriculums being taught in Indian schools, the company believes that Yodaa and its features like stash and split bills can help build money management skills from a young age and create financially responsible adults in the future.

Speaking on the importance of learning to save and invest early, Founder Gaurav Sharma said, “Financial awareness is a vital cornerstone in every individuals life, but also one that has been neglected in recent times, leading to poor financial decisions among todays adults and a loss of wealth creation opportunities. With Yodaa and tools like Stash and Split Bills, we are trying to ensure that the next generation is well equipped to deal with the financial situations in their life with substantial savings and wealth creation mindset.

“To prepare children for a better financial future, parents strive to impart good money habits to them, and the Yodaa app’s perfect hands-on approach can help their children understand the importance of budgeting and saving,” he further added.

Stash Feature

The Yodaa app is currently available for teens in India on the Apple App Store and Google Play and is being rolled out to the 30000 people who expressed interest by joining its waitlist. The company expects that this number will grow to 1 million teens by the end of 2023. In the coming months, the Yodaa app will be launched in the Southeast Asian market as well.

In light of the spike in interest among teenagers in the personal finance domain in recent years, Stash is one of the primary features being offered to members of the Yodaa community, along with tools to help send and receive money and resources to learn about personal finance.

The Stash feature in the Yodaa app allows teen members of the community to set up recurring savings plans – individually or with contributions from their parents.

Stash Feature

Parents can also leverage this feature from their personal Yodaa app, which allows them to top up their teens card or Stash savings account. Yodaa members also have access to multiple opportunities for social finance within the Yodaa network. The Split Bills feature enables Yodaa members to split bills and settle them easily with the funds available on their Yodaa Card. They can also chat with other members and send/request money within the chat module.

Yodaa is a smart money app that empowers teens by offering a personal card and powerful app to spend, manage expenses, and learn about personal finance. The growing Yodaa community is a group of young achievers who support each other in their endeavours and gain a head start on self-development and personal finance.

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

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