Do you want to teach your kids about money? How to manage their allowance? Encourage savings by adding interest? 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
This App allows you to keep track everyone’s accounts on your iPhone. Use it to pay allowance to one or more accounts (savings, fun, charity, gifts), to add interest automatically to savings, and to track what the kids purchase. It also allows a child to see his/her own account and to track his/her progress toward a saving goal.
Teach your children the basics about money management. Also, help them learn about deferred gratification, power of interest, charitable giving, and many other everyday financial concepts.
•User configuration allows either:
•Bankers with full access to all accounts
•Customers with limited access to their own accounts
•Password access for each user
•Keep track of each user’s account balance and history
•Bankers can deposit or withdraw money into a member’s account
•Users can have multiple accounts
•Split deposits between accounts (savings, charity, fun)
•Add scheduled interest payments to accounts