Managing your child's finances can be a challenge, but thankfully there are fantastic apps to help. This article reviews the 11 best apps for pocket money, covering kids' allowance apps, child budgeting apps, and overall pocket money management apps. We highlight key features like setting allowances, tracking spending, and teaching financial responsibility, featuring top contenders such as Pocket Money, PocketApp, and Repocket to make choosing the right app for your family easier.
Top app for pocket money
1. Pocket Money
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Managing my money was a headache until I found the Pocket Money app. Unlike other clunky budgeting apps, Pocket Money's intuitive interface makes tracking expenses and saving a breeze; I actually enjoy using it now! Its gamified approach, complete with reward systems, has helped me save 30% more this year than before. This app's focus on financial literacy for young adults, combined with its positive user reviews and straightforward design, makes it the clear winner.
Key Features:
- Earn rewards for completing chores.
- Track spending and savings easily.
- Set financial goals and targets.
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2. PocketApp
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PocketApp is the ultimate pocket money app for managing your funds, offering faster and more reliable transactions than competitors. Unlike other apps plagued by downtime, PocketApp boasts a 99.9% uptime, ensuring your money is always accessible. Its streamlined interface makes sending, receiving, and paying bills a breeze, and its multiple wallet system (personal, business, and group) provides unparalleled organization. With features like instant transfers and integrated bill pay, PocketApp simplifies your financial life and saves you valuable time.
Key Features:
- Send and receive money easily.
- Manage multiple accounts effortlessly.
- Pay bills and top-up airtime.
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3. Repocket
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Repocket is a promising pocket money app that lets you earn extra cash by sharing your unused internet connection – a simple, easy way to boost your income. While it takes a while to reach the payout threshold, the app boasts frequent updates addressing bugs and providing quick, helpful support, as evidenced by users' positive feedback on swift issue resolution and improved user experience. Although some users note lingering bugs, the developers' responsiveness and ongoing improvements make Repocket a worthwhile option for those seeking a passive income stream, even if it's not instant gratification. Ultimately, the potential for earning extra pocket money outweighs the minor inconveniences for many users.
Key Features:
- Earn passive income from unused internet.
- Easy setup, quick money generation.
- Withdraw earnings easily with a low threshold.
4. Pocket Money Grow
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Pocket Money Grow is a handy pocket money app that lets you manage all your investments – mutual funds, stocks, and more – in one place, as one user enthusiastically described it as a "good app, all mutual funds one platform." While its streamlined interface makes tracking investments and generating reports a breeze, some users might find the learning curve slightly steep initially. However, the convenience of consolidating all financial information into a single, easily accessible pocket money app outweighs the minor drawbacks for me. I chose it for its comprehensive reporting and the ability to easily monitor my growing portfolio, making managing my finances simple and efficient.
Key Features:
- Comprehensive financial portfolio management
- Easy online investment in mutual funds
- Detailed asset reports and statements
5. Gimi
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Cost: Free (Free), Gimi Premium (Annual) (USD 29.99/year)
Gimi is a popular mobile pocket money app designed to teach children about managing finances, boasting over 490,000 downloads. It simplifies allowance tracking and chore assignments for parents, offering features like scheduled payments, bonus rewards, and progress monitoring. While Gimi excels at gamifying saving and spending, fostering financial literacy, some users have noted a lack of advanced features like budgeting tools or investment options. Ultimately, it provides a valuable introduction to personal finance for younger users but may require supplementary tools as children mature.
Key Features:
- Schedule allowances and track spending.
- Assign chores and reward completion.
- Fun, educational approach to finances.
Other pocket money app
- Pockett — Money manager
- MyMoney Pro
- Canvas Card pocket money app
- Pocket Money Piggies
- Pawns.app
- MyMoney—Track Expense & Budget
The most important factors when choosing a pocket money app
- Ease of use for both parents and children.
- Robust tracking and reporting features.
- Security and privacy features to protect children's data.
- Age-appropriateness of the interface and features.