Wonderful App
We love this app. We always know how much spending money our child has. Because allowance can be deposited automatically, we dont have to worry about "missed" payments. The app helps our son plan for purchases - he can check to see his balance grow (or how much more he needs to earn to purchase a desired toy). It alleviates arguments and compensates for our poor memory skills (even parents cant remember everything!).
We have set up "bonus" banks - our son earns "cool points" (stars) for spontaneous acts of helpfulness (or especially great behavior). The app allows you to convert these stars into money or time units. You can decide how much a "star" is worth. So your child could earn computer time, game time, etc. The chore chart allows another way for your child to earn items. You decide what each chore is worth The child can check off his chores but money/items arent added until you "confirm" by checking each item.
The app allows you to transfer money/units between accounts (i.e. moving money from savings to spending). When our son has earned a number of "cool points" we can transfer them to his spending. The app will convert the stars to money if you like with just a click of an icon.
I am excited to hear the app can be connected to an actual account with a debit card. When our son gets older-this may be a great way to teach him how to manage money!
Speechbug99 about
iAllowance Lite with Chores, v2.3.8