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In the era of digital transactions, teaching kids money management is challenging, but technology offers solutions. Allowance and chore apps like FamZoo, goHenry, and Greenlight empower parents to instill financial responsibility in children by managing allowances, setting spending limits, and introducing real-world financial scenarios.
Despite the challenge, technology has made it easier than ever to move beyond the family chore chart and begin instilling valuable life skills in children from a young age.
Allowance and chore apps for kids are gaining popularity as effective tools for teaching financial responsibility. These educational apps also emphasize the importance of completing tasks.
Related: Chores and Allowances for Kids By Age: A Comprehensive Guide
Best Allowance and Chore Apps for Kids
Let’s explore some of the best chores and allowance apps for kids, helping parents and guardians find the perfect solution to empower their children with essential life skills.
FamZoo Allowance and Chore App
FamZoo is a comprehensive family finance app that focuses on teaching kids essential money management skills in a practical and hands-on way. It serves as a virtual family bank, allowing parents to assign chores, manage allowances, and set savings goals for their children.
With FamZoo, kids learn financial responsibility through real-life scenarios, making saving, spending, and investing decisions within a controlled digital environment.
Learn More: Visit FamZoo HERE.
The app emphasizes practical education, empowering the next generation with the tools they need to become financially savvy adults.
Key Features:
- Manage allowances, chores, and spending limits.
- Allows IOU tracking.
- Assignment of chores and automatic allowances.
- Savings goals and progress tracking.
- Mastercard prepaid debit cards for kids.
Availability: FamZoo is available for download on both Android and iOS platforms. It can be accessed through the Google Play Store and Apple App Store. Check out FamZoo here.
Cost: FamZoo costs $5.99 a month, including a free trial period. The paid plans start at a monthly or annual fee, catering to different family sizes and needs, ensuring affordable access to its comprehensive financial education tools.
goHenry
goHenry, based in the UK, is a leading family finance app designed to teach children about money management and financial responsibility in a safe and controlled environment. It offers a parent-managed debit card and app that empowers kids to make purchases, save money, and learn the value of budgeting.
With goHenry, parents can set spending limits, automate allowances, and assign tasks, providing a practical learning experience for their children.
Learn More: Visit goHenry here.
The app combines financial education with real-world application, making it an invaluable tool for families striving to instill smart money habits in their kids.
Key Features:
- Parents can monitor transactions, set spending limits, and instantly block the card if needed, ensuring a secure environment for their children to learn about finances.
- goHenry allows parents to automate weekly or monthly allowances, teaching kids the importance of regular income and budgeting.
- Parents can assign tasks and chores with monetary rewards, encouraging children to take on responsibilities and earn money through their efforts.
- Kids can set savings goals within the app, learning the value of saving up for specific items or experiences.
Availability: goHenry is available for download on both Android and iOS platforms and can be accessed through the Google Play Store and Apple App Store.
Cost: goHenry offers a subscription-based service with a monthly fee, which covers the main account and linked child accounts. Check out goHenry here.
Greenlight Debit Card
The Greenlight Debit Card is a powerful financial tool designed for families, focusing on teaching kids about money management in a digital age.
Read my detailed Greenlight Debit Card for Kids Review.
With a parent-controlled debit card, it empowers children to make real-world transactions while parents oversee and guide their spending habits.
Greenlight allows parents to set specific spending limits, assign chores, and even automate allowances, instilling a sense of financial responsibility in children.
The app also offers a unique educational experience, teaching kids the importance of saving, budgeting, and making wise financial decisions.
Key Features:
- Parent control where money can be spent with real time updates.
- Automated scheduling for allowances.
- Educational content on financial literacy.
- Personal savings goals, promoting a sense of financial planning and discipline from an early age.
- Mastercard prepaid debit cards for kids.
Availability: The Greenlight Debit Card app is available through their website for download on both Android and iOS platforms. Check out Greenlight here.
Cost: The Greenlight Debit Card app is free to download. However, it offers subscription plans for families, starting at a nominal monthly fee of $5.99, providing access to premium features and enhanced parental controls.
Chores and Allowance Bot
Chores and Allowance Bot is a well-established app that offers a comprehensive platform for managing kids’ allowances and chores.
It allows parents to set up a list of tasks for their children and assign a monetary value to each one.
When kids complete these chores, they mark them as done, and the app keeps track of their earnings.
This app is a great way to teach kids about the value of hard work and saving money.
Key Features:
- Customizable chore lists and rewards.
- Option to set up recurring chores.
- Money tracking and savings goals.
- A user-friendly interface for both parents and children.
Available for Android (through Google Play) and iPhone/iPad (through the App Store.) A web version is also available.
Cost: A paid subscription of $24.99 a year is required to unlock most features.
iAllowance
iAllowance is another popular option among allowance and chore apps, helping parents manage allowances and chores efficiently.
Related: 25 Family Chore Chart Printables for Multiple Children
It offers a straightforward way to keep track of tasks and monetary rewards.
One of its standout features is the ability to set up savings and sharing goals. This encourages kids to save money for the things they want and learn about charitable giving.
Key Features:
- Chore tracking with monetary and physical rewards.
- Savings and sharing goals.
- Sync across multiple devices.
- Supports multiple currencies.
Availability: for Apple (through the App Store.)
Cost: The app costs $2.99 to download.
PiggyBot
PiggyBot takes a unique and playful approach to teaching kids about money management.
Instead of using traditional chore lists, it focuses on goal-oriented saving. Kids set their financial goals and track their progress toward them.
Parents can also contribute to their children’s goals.
PiggyBot is a fantastic choice for teaching kids about budgeting and saving.
Key Features:
- Goal-based savings tracking.
- Interactive and user-friendly interface.
- Parental involvement in goal contributions.
- Teaches kids about budgeting and financial goals.
Availability: ****Available for Android (through Google Play) and iPhone/iPad (through the App Store.) A web version is also available.
Cost: A paid subscription of $24.99 a year is required to unlock most features.
Bankaroo
Bankaroo is an educational finance app designed for children aged 5 to 14.
It’s more than just a regular allowance and chore app; it’s a virtual bank where kids can manage their money.
They can track their allowances, create savings goals, and even learn about basic financial concepts like income, expenses, and budgeting.
Key Features:
- Virtual bank for kids.
- Income tracking and expense management.
- Savings goal setting.
- Educational content on finance.
Availability: Available for Android (through Google Play) and iPhone/iPad (through the App Store.) A web version is also available.
Cost: A paid subscription of $24.99 a year is required to unlock most features.
ChoreMonster Allowance and Chore app
ChoreMonster adds a gamified twist to the world of chores and allowances.
Kids complete tasks to earn points, which they can then redeem for rewards set by parents.
The app features a fun and colorful interface that engages children and encourages them to complete their chores with enthusiasm.
Key Features:
- Gamified chore tracking.
- Reward redemption system.
- Parental control over rewards.
- Fun and interactive design for kids.
Availability: Available for Android (through Google Play) and iPhone/iPad (through the App Store.) A web version is also available.
Cost: A paid subscription of $24.99 a year is required to unlock most features.
Gimi
Gimi is an all-in-one app that covers chores, allowances, and financial education. It offers an innovative approach by turning everyday tasks into educational opportunities.
With Gimi, kids learn about earning, saving, and spending money wisely.
Parents can also monitor their children’s progress and set financial goals together.
Key Features:
- Chore tracking with educational content.
- Savings goals and financial quizzes.
- Parental oversight and guidance.
- Comprehensive financial education for kids.
Availability: Available for Android (through Google Play) and iPhone/iPad (through the App Store.) A web version is also available.
Cost: A paid subscription of $24.99 a year is required to unlock most features.
Why use allowance and chore apps?
In a world where financial literacy is crucial, using allowance and chore apps for kids can be a smart and practical way to teach them valuable life skills.
These apps not only help children learn about responsibility and money management but also make the process fun and engaging.
Whether you prefer a straightforward chore tracker or a comprehensive financial education tool, there’s an app on our list that suits your family’s needs.
So, why wait?
Start empowering your kids with essential life skills today by choosing one of these fantastic apps.
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