As part of the financial education program Practical Money Skills, Visa has created a novelty app to help parents determine how much money should be left to their children by the Tooth Fairy. A recent survey conducted by Visa revealed that the average money left per tooth this year is $3.00, a 15% increase from 2011.

To find out the ‘going rate’ for a tooth, parents simply punch in a few details into the app, such as their age, gender, home state, income, education levels, and salary, and the app will automatically calculate how much money the Tooth Fairy is leaving in similar households. The app is available for free in the iTunes Store and also online.

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