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- Piggy Bank Kids - Bomad Vs. Allowance Tracker
Piggy Bank Kids - Bomad vs Allowance Tracker Usage & Stats
Bomad - short for Bank of Mom and Dad - is a virtual piggy bank and allowance tracker app. It teaches kids financial literacy and helps parents keep track of pocket money for kids.
The tracker works like this:
You create a virtual piggy bank for them using the parent app on your phone, which they can track in the child app on their iPad, iPhone or other device, similar to the old roostermoney or bankaroo.
Then you set the app to add an allowance or pocket money weekly, or when they get birthday money or cash from the tooth fairy, they give it to you and you keep the money as your own, but you track it by adding it to their balance in the app
When your child wants to spend, you pay or give them cash, and deduct it from the tracker
So the account balance is just what you owe your child
Your child gets notifications for all transactions, including when their allowance or pocket money arrives
They can easily see how much they have in the app, and track what their money and allowance was spent on
By keeping track of it, your child really begins to understand money. Giving them an allowance or pocket money, however small, teaches them to budget and save (weekly allowances are best, especially for younger kids).
They stop nagging for stuff every time you're at the mall. They start thinking more about the future (e.g. how many more allowances will it take to reach a certain goal), and - with your guiding hand - they start making better spending and budgeting decisions. They learn financial literacy.
Bomad has many other cool features too: kids can track their progress toward savings goals and get paid for doing chores. Older kids can claim expenses and request money transfers to real bank accounts so they can spend on debit cards. You can also split the allowance or pocket money between different accounts - spending, saving, giving, etc. - like the old bankaroo and rooster money.
Bomad is more than a piggy bank app, it teaches kids better money habits. It’s also an allowance tracker and pocket money app. It makes handling money for kids a breeze for parents.
Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Privacy Policy: https://bomad.app/privacy-policy
- Apple App Store
- Free
- Finance
Store Rank
- -
Welcome to Allowance Tracker - the app that simplifies the way parents manage their children's allowances!
Are you tired of keeping track of your children's allowance on a notepad or spreadsheet? Allowance Tracker is here to help. With our user-friendly interface, you can easily track your children's allowance, view transaction history, customize colors, and more.
Add allowance to the app and watch as your children's savings grow. Whenever your child wants to make a purchase at the store, they can simply ask you to deduct the amount from their balance. This feature helps your children learn the value of money and make responsible spending decisions.
Allowance Tracker also allows you to add purchases made by your children, helping you keep a record of all their expenses. This feature ensures that you are aware of your child's spending habits and can help you teach them how to budget their money.
With Allowance Tracker, you can view a balance of your children's current savings and transaction history. This feature helps you stay informed about their financial activities and encourages them to save money.
Customize the app's colors to match your child's personality and make the app more engaging for them.
Say goodbye to the hassle of managing your children's allowance. Download Allowance Tracker now and enjoy a stress-free way to manage your children's financial activities!
Simplifies allowance management: Say goodbye to the days of tracking your children's allowance on a notepad or spreadsheet. Allowance Tracker makes it easy to manage and track your children's allowance all in one place.
Encourages responsible spending: By allowing your children to ask you to deduct money from their balance when they want to make a purchase, they will learn the value of money and make responsible spending decisions.
Helps track expenses: You can add purchases made by your children to the app, helping you keep a record of all their expenses. This feature ensures that you are aware of your child's spending habits and can help you teach them how to budget their money.
Promotes savings: With Allowance Tracker, you can add allowance to the app and watch as your children's savings grow. You can also view a balance of your children's current savings and transaction history, encouraging them to save money.
Customizable: The app allows you to customize the colors to match your child's personality and make the app more engaging for them.
Stress-free: With all the features that Allowance Tracker offers, managing your children's allowance will become a stress-free process. You can rest easy knowing that your children's financial activities are in one secure place.
Are you tired of the constant struggle of keeping track of your children's allowance and spending? Allowance Tracker is here to make your life easier. This app is designed specifically for parents who want to manage their children's allowance in a stress-free and efficient way.
Allowance Tracker's balance feature is perfect for parents who want to keep track of their child's current savings. The balance updates in real-time, so you can always see how much money your child has saved up. This feature is a great way to encourage your child to save more money and make better financial decisions.
The deduct feature is another great way to teach your child about responsible spending. When your child wants to make a purchase, they can ask you to deduct the amount from their balance. This helps them understand the concept of spending within their means and not overspending.
Finally, Allowance Tracker is secure and private. All your data is stored in the app, and you can set up a password to ensure your child's financial information is safe.
- Apple App Store
- Free
- Finance
Store Rank
- -
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March 14, 2025