Allowance Tracker - Bomad
Easily manage kids money
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Description

Bomad - short for Bank of Mom and Dad - teaches kids about money by letting parents run a private bank for their children.

It works like this:

You create a virtual bank account for them using the parent app on your phone, which they can see in the child app on their iPad, phone or other device

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 add 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

Your child gets notifications for all transactions

They can easily see how much they have in the app, and what their money was spent on

So your child really begins to understand money

They stop nagging for stuff every time you're at the mall. They start thinking more about the future, and - with your guiding hand - they start making better spending and budgeting decisions.

Bomad has many other cool features too: kids can save for 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.


Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Privacy Policy: https://bomad.app/privacy-policy
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In-Apps

Pro
$1.99
Supporter
$1.99

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User Rating

4.99 out of 5

67 ratings in United States

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66
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Ratings History

Reviews

Fire

W Liam on

W in the chat

Beautiful Elegant Allowance Tracker

RC Hamburgers on

I have tried about ten allowance tracking apps, and I gave up on all of them and eventually tracked in a spreadsheet. I also refuse to pay a monthly fee to use an app—I’m trying to teach my children responsible money practices here, and forgetting about yet another monthly subscription is irresponsible imo (Bomad is free but I would gladly pay a one-time payment). All this to say Bomad is everything: beautiful design, simple to use, accommodates reoccurring payments and debits, does not complicate and gamify children’s chores and allowances. Thank you to the lovely developer who also provides helpful tips via newsletter on using the app and creating responsible money practices for our children.

Easy Peasy

Aryn R. on

Bomad is great if you want a simple allowance and spend tracker for your children. It’s easy and quick to add or revise entries, allows for money to be split into different goals (ex. Allowance, Charity, Gifts), and has a reoccurring setting for repeat expenses like weekly allowance or monthly subscriptions. It also helps that the app works well on both iPhone and iPad. Plus the app is free!!!

Great way to keep track of allowances

AndyZA on

I've been searching for an app to manage allowances and keep track of pocket money with my kids. It's great to have the option to get both parents involved, and it's a fantastic way for kids to learn about money through practical experience. The kids love it. There's no more guessing how much of the allowance is left, and it encourages them to set savings goals - a fantastic feature. Parents can also set a recurring payment schedule for an allowance which is super convenient. Awesome app.

Nice to be able to see my money

Michelle pyle on

My dad used to track my brother and my money on a spreadsheet, but I never really understood how it worked. Now with Bomad it's much easier, and I get notifications on my iPad too.

Much better than my dad’s old spreadsheet tracker

caustic13115 on

My dad used to track allowances and money for me using a spreadsheet. The trouble was he used to take forever to update it, and it wasn’t easy for me to know what’s going on. Now I get instant notifications on my iPad whenever he adds or deducts money. Much better!

So easy to track

BZshen on

Love this! So easy to track

This Is The Best Piggy Bank App In The App Store!!!

PeteHart on

I've been managing my kids "money-bank" on Notes on my iPhone for some time. I always knew there was likely an app or better way to manage, but for some reason I just never took the time to explore my options. My son mowed our lawn and I forgot to update his balance in Notes. He was quick to remind me last night, and so I decided enough was enough. Your app is a PERFECT solution. Simple, clean, and free. I don't need the premium features yet as my kids are still young, but I can see how we could quickly grow into the premium subscription. Thanks for your brilliant solution. It seriously takes a load off my plate!!! Keep up the good work

Great app

LoLo kitty girl on

I would definitely recommend for parents it's a great way to bonded with your kids

Most Amazing App

KTJ234 on

Wanted an app that would allow me to “pay” my kids and would allow me to transfer money in one child’s account from a main account to other things like savings, tithing, etc. This app does that and it’s so EASY to use.

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App Info

Category
Finance
Publisher
Graeme Pyle
Languages
English
Recent version
2.0.155 (5 days ago )
Released on
Mar 26, 2023 (1 year ago )
Last updated
2 weeks ago