![]() RoosterMoney Pocket Money Tracker (4+ & Free) allows parents to manage multiple kid’s pocket money accounts while children get their own Pocket Money Dashboard online. There are great graphics and you can give the kids access to see their accounts without being able to edit them. You can run multiple banks for different children, set up specific chores and rewards that run on a regular basis. IAllowance (Free) is a tool for tracking pocket money, chores and rewards. The GoHenry app lets parents set weekly pocket money and chores and there are also safeguards you can put in place on spending. ![]() The ‘bank’ cards are pre-paid Visa cards that they can use in shops and cash machines. Parents create an account for each of their children who then receive ‘bank’ cards in their own name. The GoHenry website and app (£2.99 per month with 1 month free) are designed to encourage money confidence and is available from age 6. Here are 5 of the apps out there at the moment. The boys get their own Cash Cards and can monitor their pocket money through the app. ![]() It allows us to put money directly in their accounts and it lets G manage their pocket money, ticking off chores as they do them. We contribute to our grandsons’ weekly pocket money, so we decided with our daughter that GoHenry would work best for all of us. We are well and truly in the digital age and you may decide to give your kids their pocket money in cash or you may choose one of the online banking apps for kids. The additional chores give them the opportunity to do more to earn more, a good life lesson. Personally, I think it’s good that the boys are expected to do some basic chores to earn their pocket money as it’s good for them to learn that everyone should help out around the house. I can’t say they’ve ever done enough chores in a week to break the total average weekly amount for their age group yet! Sorting the clean socks into pairs ready to put away can earn them 50p and cleaning their football boots is another 50p. However, they can earn extra pocket money each week by doing additional chores around the house. They are expected to do small things around the house for this such as clear their plate and glass from the table after dinner, pick up and tidy their toys / books away and put their dirty clothes in the wash basket not the floor! The 11-year-old gets £3, the 9-year-old £2,50 and the 6-year-old £2. Our grandsons have a small base weekly amount of pocket money that they receive. Again, this will be a personal decision and you can use the average amounts in the table as a guide.
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