* Allowance tracker
* Syncs across all devices (Android, Mac, and Web)
* Unlimited accounts for each child
* 4 different account types - Cash, Savings, Loans, Credit
* Recurring deposits and Withdrawals on any schedule
* Transfers between accounts
* Configurable currency settings
* Configurable interest amounts for each account
Family Penny allows parents to act as their family's bank. They can create an unlimited number of accounts for their children such as Checking, Savings, Loans and Credit accounts. Then parents and kids can create one time and recurring transactions which represent the financial interactions between family members. The easiest example would be a recurring weekly allowance, however, Family Penny can be used to track everything from College Savings to a Clothing Allowance.
Having a system to seamlessly manage the financial transactions between you and your kids is not only a major stress reliever, but also helps to educate your children about how finances work in the real world.
Family Penny is the best allowance tracker in the market and nicely separates allowance from chores which is the method recommended by most financial experts. If you have been searching for the best allowance app, allowance manager or allowance tracker, you just found it.
Family Penny is a mobile and web app which requires a subscription of $10 per year if you choose to continue beyond our 30 day trial.
10 dollars a year. 30 day trial
I used this app for the free trial. It was so great that I paid $10 for it. My phone got reset and I don't have my password. I requested a new one several times over several days with no response. I can't use it at all now and have no idea how much allowance my kids have. If I can't use it I would like a refund, but I don't think anyone is even paying attention!
I love this concept. However, I think the credit limit should be declined if over budget, or request approval. The loan duration should be in weeks or have it as an option.
Love this app. Works great across IOS and Android platforms. My Daughter ĺikes it as well. It would be nice if you could sat a goal that children could save towards.
It would be better if i could delete a child or if i changed my mind and decide to let them access their account i could
This is the only app I've found out there that I can use to simply track my daily spending and give myself an automatic daily spending allowance.
I loved this app until I realized that the weekly automatic deposits for the girls' allowance weren't going through. I had to annually enter weeks worth of money.
Dont call it free when you charge anually !
This app is fantastic for managing allowance across our family. We have multiple devices some Android and some iOS, so it was great to find an app that works across all. The prior review who said you need an email address to create accounts for your kids is wrong, I was able to create accounts without email addresses with no problem. The fact that you can create as many recurring transactions and accounts as you want is perfect for the way we use manage money with our kids. The design is beautiful and the app seems to work flawlessly.
I have tried several different allowance apps and this is the first one that truly met our needs. Love syncing across moms and dads phones for withdrawals from kids accounts. Love that kids tablets allow them to review their balances. Love that auto deposits can be setup so we don't forget to pay them. Have been using it since beta and our whole family appreciates that the kids don't ever have to "borrow" money since they left their purses at home. Has really enable us to start teaching our kids.
Finally an allowance app that really works!
I love using Family Penny - but I should my dad wrote it :-). However, even if he did not write it I love having all my money tracked so I always know where my balances stand.
I couldn't create accounts for my kids without entering a separate email address and log-in for each of them. They don't have email addresses.