The easiest way to keep track of money for kids

You pay for items kids buy, then deduct in the app. Add birthday money and allowances. More convenient than cash, less hassle than bank accounts.

Bomad, short for Bank of Mom and Dad, lets parents run virtual bank accounts for their kids, avoiding the hassle of cash and real bank accounts.

Kids can see their balances and transactions in the kids app on their own devices, and they receive notifications too.

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Features

Allowance tracker & scheduling
Budgeting and saving for goals
Expense claims
Works on spouse and kids devices
Works with debit cards
Can track real-world balances as external accounts

Average rating

4.9

out of 5 stars

What other parents say:

Exactly what I was looking for

My old allowance/pocket money app got bought out by a bank so I had to find a new one. I searched for ages and tried half a dozen. There are new ones with debit cards and links to real accounts, but I was after just an app for keeping track of the virtual balances. This one is great, exactly what I was looking for. The QR code system is nice for setting up on the kid’s phones too.

Matt

Australia

Perfect for our family

This app is perfect for our family to keep track of our child’s money from allowance and earnings. Most other apps are focused on $ earned from chores. Since we don’t attach $ to chores at our house this made keeping track more difficult. I love not having to remember whether allowance was given! Our kids are also learning about saving little by little - a great learning! Thanks BOMAD!

United States

Simple to use. Great for managing kids money

I love this app. So simple. Such a handy tool for managing my kids money and for them to be able to see what they have. They can also set their own savings goals which is fabulous