iAllowance app review: a fun way to teach your children the value of saving money-2020

Introduction

If you’re struggling with getting your kids to perform some basic household chores or you simply want to teach them the value of saving money then you’ll definitely want to check out this very handy little iPhone and iPad allowance app.

The best iPhone apps for kids

I really like the concept behind this iAllowance app because I’ve seen a few similar developments that appear to be based on more negative reinforcement, such as withholding allowance and setting up various sanctions and other forms of punishment.

iAllowance app is the only thing you need to manage your child's finances and teach him or her about saving and spending money. Whether you want to set up a weekly allowance or pay out a special reward, this allowance for chores app handles everything for you with an eye-pleasing and easy-to-use interface. Check out our iAllowance review for more details about this great app. 

Teach Your Kids to Be Fiscally Responsible

iAllowance (Allowances, Chores & Rewards w/Sync) has been designed to act as an intelligent way for you to teach your children about the value of saving money and generally being more fiscally responsible.

Best iphone and ipad apps

In this iAllowance review you will know how the bookshelves and chalkboard make this app very approachable. However, allowance for chores app is a powerful family finance management system, allowing you to set up scheduled payouts, deduct expenditures, and show category totals - even search for a specific transaction.

You can factor all of their household chores into the equation, and there are options for setting up rewards to help them stay motivated when it comes to sweeping, cleaning the dishes, or some other boring menial task.

Supports More Than 150 Currencies

Each of your kiddlywinks can be set up with their own individual user profiles to help keep everything nice and organized within the app, and you can set up as many bank accounts as necessary with varied interest rates if required.

This app offers full support for more than 150 different currencies from around the world, so you should have no problem using it regardless of your location.

Pros and Cons

Pros

• Experience a fun way to teach your children the value of saving money
• Add an unlimited number of bank accounts and even factor in interest rates
• Set up a different user profile for each of your children for more efficient account management
• Set up as many reminders as you need to ensure your kids fulfill all of their responsibilities
• Set up rewards for your children and monitor them on an ongoing basis
• Includes full support for more than 150 world currencies
• Create a handy digital backup copy of your records via Dropbox
• Share your records via email or print them from within the app via AirPrint
• Integrated parental controls ensure your children only have the amount of access you permit

Cons                                             

• There is nothing negative to say about this app

Final Words

iAllowance (Allowances, Chores & Rewards w/Sync) is a well developed iPhone and iPad with some great lessons to be shared, so it definitely receives a strong recommendation from me.