#1 Ranked Allowance Tracker App*
Set a weekly or monthly allowance. You pay for items kids buy, then deduct in the app. Kids get notifications on their devices.
* Ranked #1 for "allowance tracker" on US App Store & Google Play, 2 Feb 2025
Bomad, short for Bank of Mom and Dad, lets parents track allowances by managing 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 tracking & 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:
Frequently Asked Questions
Here are some general guidelines:
| Ages 6-9 | $5-8 per week |
| Ages 10-12 | $9-12 per week |
| Ages 13-17 | $12-28 per week |
It also depends on your family's income.
When is an allowance too much? When you don’t see your child grappling with tough financial choices.
Bomad, of course! Some features are paid, but the core functionality is free. While some other apps may provide advanced chore features, Bomad is the best for simple chores and allowances.
Go to the "Repeat Transactions" screen. From there you can easily set up a weekly or monthly allowance.
Still have questions?
Contact our friendly support team