publisher
category
price
Free (IAP)store
Reviews
5 (16)
United States
Description
Easily track kids money & help them learn good money habits
Bomad - short for Bank of Mom and Dad - teaches kids good money habits by letting parents run a private bank for their children. It helps parents track allowances too.
The tracker works like this:
You create a virtual bank account for them using the parent app on your phone, which they can track in the child app on their tablet, phone or other device (similar to rooster money)
Then you set the app to add an allowance 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 in the app
So the account balance is just what you owe your child, tracked by the app
Your child gets notifications for all transactions, including when their allowance 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, 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.
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 between different accounts (spending, saving, giving, etc.)
Bomad is more than an allowance tracker, it teaches kids better money habits, while making tracking money and allowances a breeze for parents.
Category Ranking
Review Breakdown
Screenshots
Reviews
This is just what I was looking for to keep track of my 3 young teens' spending money. We have tried 3 different apps and they were too geared towards young kids. I needed a simple, uncluttered app to track their spending. When they earn money from chores (or get gift money), we add it in the app. Most of their spending is cashless, so we pay and subtract it from their balance in the app. Having the transaction history keeps everything clear and helps them learn money management.
Elizabeth JoyceWed, May 15, 2024
English
Its a simple and nice app, I just wish that you could edit the premade reasons/make new ones, but then again you could just manually type it out.
Kaiya YoshidaSat, Apr 13, 2024
English
It could be better if we had physical card
anna mily PaulMon, Mar 4, 2024
English
It's easy
TaylorSat, Mar 2, 2024
English
Download & Revenue
About
Bundle Id
app.bomadMin Os. Version
5.1Release Date
Fri, Mar 24, 2023Update Date
Thu, May 16, 2024Content Rating
EveryoneWhat's New
version
1715863642000updated
5 days agoSome minor bug fixes and enhancements
Top In-App Purchases
Name
Price
$1.99 - $2.99 per item
Newsletter
Subscribe our newsletter and get useful information every week.
Other Parenting Apps
Similar Apps
Stay Ahead of the Market with StoreSpy
Start NowNever miss opportunities
Watch your competitors closely
Start boosting your app right away