A few weeks ago, my wife got a video message from our daughter Michelle. She had just lost her wallet and bank card downtown:

(watch the video on Instagram)

She was searching for it along the street where she thought she’d dropped it. She was a little flustered, but not overly concerned. She wasn’t carrying any cash, and her card only had £5 on it. At the end of the message, she nonchalantly declared: “Might have to be another card for me” 😂

My wife froze the card, but we decided to wait a day or two before ordering a new one. Perhaps she’d find it, or maybe she’d left the wallet in her room, or lost it on the school grounds.

The situation could've been far worse. If all her money had been in cash, she would likely have kept it all in her wallet, as 10-year-olds oblivious to risk might do. Or if she’d only had a regular bank account, anyone who found her card would probably have been able to spend much more than £5 by tapping the card.

Instead, the majority of her money is in Bomad. So how does she spend it, you ask? Well, she also has a regular bank account with a card that we’ve added to Bomad - it’s the purple Rooster Money card below:

There’s no integration with banks or cards like RoosterMoney (yet), the card in Bomad is just symbolic. I uploaded a picture of the Rooster card into Bomad to make it more recognizable. When she wants us to add money to the card, she uses the transfer function in Bomad as below:

Her mom and I then receive a notification:

If we agree, we do the transfer and mark it as done in Bomad:

The money is then deducted from her Bomad account.

Of course if the card wasn’t loaded in Bomad, she could just text us and we could do the whole thing manually. But this way is just much easier.

We get requests like this every now and again, just before she wants to go out to spend. I’m surprised she doesn’t keep more of her money on her card. I think she prefers to keep it in Bomad because it’s just too easy to spend if it’s on her card. Or maybe she trusts her parents more than the bank 🤗

She does a similar thing when we go out for dinner. We limit her to one drink, so when the drink arrives, she drinks half and then gives it to us to keep so that she has some left for when the food arrives 😎

Anyhow, we got this message from her the next day:

Someone had found her wallet and dropped it off at the school. Her school is in a small town, so it was probably one of the shopkeepers who remembered her or her group of friends. Or maybe she did in fact forget it in her room 😉