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Bomad lets parents run virtual bank accounts for their kids, avoiding the hassle of cash and real bank accounts. When a child wants to spend money, the parent pays but deducts it in the app. When the child receives money (allowance, birthday, etc), the parent adds it in the app.

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

Other features include:

  • Allowance 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
Kids learn the value of money; I’m going to save instead of buying more Robux!
Safer than cash and piggy banks; I lost the money from grampa!
Schedule allowances; weekly, monthly
Update  instantly, on the spot; Oops, I left my money at home
Discussions instead of nagging; Can I use some of my birthday money for this Lego?
Budget & save for goals; spending, saving, giving
Easily keep track of gifts; birthday party cash
Works on spouse and kids devices; $10 deducted by Dad for V-bucks
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.

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!

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

Download on the App Store
Get it on Google Play