Piggy Bank for families: Bomad

W in the chat

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.

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!!!

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.

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.

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!

Love this! So easy to track

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

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

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.