Nina Robertson

bread – a family loan system that sets teenagers up for financial success

Many of us know the fear of making financial decisions without fully understanding what we’re doing. Most of us would rather “accept terms and agreements” than subject ourselves to reading complex info. However, if we could come into the scene with a little more knowledge under our belts, we would be able to set ourselves up for a healthy financial profile in the future.

bread provides a safe space where teenagers can learn about loan structures before they are financially independent. On this app, teenagers can borrow real money from their family and undergo a simple loan process. The app will introduce concepts that can be muddy, or that sometimes get lost along the way such as loan terms, APR, and credit scores.

At the core of this design is the belief that the teens will be more prone to retain these financial concepts if there’s something in it for them, like the next Xbox.

​With bread they can enhance their financial literacy and eliminate the fear of complex financial concepts and figures. It aims to raise their curiosity about how money works and maybe even how to make money work for them.