Screenshots

Description

Do you want to teach your kids about money? How to manage their allowance? Every parent knows the importance of teaching children about money, but we (parents and kiddos) become frustrated for many reasons:
•We forget that Saturday is allowance day
•We lose track of how much allowance we owe
•We never have enough cash on hand
•A child loses or forgets their money
•A child forgets how money was spent

With this app, a parent uses their phone to become a ‘virtual bank’ without opening a real account with an actual financial institution. This app allows a parent to be the banker. As the banker, add an allowance to multiple accounts, and track children’s purchases. Create accounts like charity, savings, and fun and then update them as the child receives or spends money. Use savings accounts to encourage a child’s progress towards a savings goal. Use this app to teach basic money principles and management.
Features:
•Banker may create multiple accounts for each child
•Bankers have full access to view or edit all accounts
•Keep track of each account balance and history
•Bankers can deposit or withdraw money into a child’s account
•Split deposits or withdrawels between accounts (savings, charity, fun)

What’s New

Version 2.0

Updated using new framework. Supports Dark mode and iOS 12 features.

Ratings and Reviews

2.0 out of 5
4 Ratings

4 Ratings

Jilly Jangle ,

Family Bank

I downloaded app to use to keep track of my children's allowance & spending & really liked it until I tried to add my husband to it. I can easily add him, as a manager, on my phone. Which is not very useful. Or I can download the app on his phone & he can use his version. But there appears to be no way to have us both have same info on different phones. So not useful as a "family app." Then I tried to contact the developer. No apparent way to do that from the app or even from developer's website found through app in App Store. So I give up. This family is looking for another "family banking" app at least both parents can use.

chunk_light ,

does exactly what I need

I have four young children who constantly receive various money gifts from extended family... they're old enough to want to buy stuff & learn responsibility/saving, but not old enough to reliably keep track of cash on their own. This app tracks the exact balance for all kids at all times, and they can "see" it on a screen where it seems very official. It's super easy to add/subtract funds. I really like that I can set my own above-market interest rate on it to encourage saving. Does exactly what I need.

Agmonin123 ,

Used to be great but after the update all old data disappeared

I’ve used the app for years to help the kids learn how to save but now after the app has been updated all the data is gone from it. Hope that there is a way to bring it back.

App Privacy

The developer, Benjamin Bruhl, has not provided details about its privacy practices and handling of data to Apple. For more information, see the developer’s privacy policy.

No Details Provided

The developer will be required to provide privacy details when they submit their next app update.

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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