Time to start giving allowances?
Most families do it-and now there’s a really innovative way to teach your children financial responsibility. Introducing the Kidibank™ positive parenting app.
This is a sponsored post. All thoughts and opinions are 100% mine and not swayed in any way.
Now, when most parents my age were children earning an allowance, different factors come into play. What I did to earn said allowance, how it would be spent, etc. Now in today’s digital age, keeping track of money earned, chores, and planning events can be simplified with KidiBank™!
Kidibank™ is a allowance, goals, and screen time tracker, to help you keep tabs on everything, and teach your kids the importance of earning (and saving).
What’s really cool about this app, is the customization.
Allowances can be split within three main banks – Allowance Money, “Stars” and “Screen Time.” The “Stars” can be traded in for allowance money, or screen time.
Goals can be set up to earn towards a bank – like “Setting The Dinner Table”, “Brushing Your Teeth”, or “Random Act Of Kindness” – whatever you want to have your child actively participate in, in order to earn their allowance.
Up to 4 adults and six children can be added onto an account that is shared across all devices within the family. Accounts can be added or deleted at any time. Kidibank™ is available for a $12.99 yearly subscription, now available in all stores with a FREE month trial!
- Statements is the easiest way to keep track of all child account balances
- Keep track of goal progress, and adjust payments via the Pay Weekly section
- A handy calculator feature helps you manage your child’s account when you’re out and about (just in case they need $5 to on on a carnival ride, you can make adjustments for giving out cash, and add it onto their statement)
- Timer Tool helps facilitate and track screen time set across your children’s profiles
- The Target Tool can also help you set a goal with your children, with a time frame-once completed, you can add funds, or spend towards a reward!
- Big Days is an awesome feature that incorporates friends and relatives – say your son wants a theme park for his birthday party? Set up the event so Grandparents, Aunts/Uncles, and family friends can send money via Paypal towards the goal.
unique child interface
The children’s interface is also customizable with engaging characters and color schemes to select, complete with their own name. They will be able to access their current allowance balance, and read (or hear for younger children) their goals in order to earn. Screen time can only be accessed via Adult account (so they can’t hack it).
Kidibank™ Family competition
Kidibank™ is also running a great competition, where each month they pick a new family to receive $100 towards a Big Day Event of their choice!
Giving children an allowance is so much more than just getting them to do chores. You’re teaching the value of a dollar earned. Instilling a work ethic, how to create (and achieve) goals, and promoting confidence in skills. I think it’s awesome that the children’s interface really engages the child with their goal list, and encourages completion. Another awesome feature, is the “screen time” allowance, which right now with my son only being 2, we don’t have a problem with. But it’s coming, and I know the struggles some parents have with this battle. When you can easily set a goal for 30 minutes of screen time after two hours of outside play, the battle can be won!
Have you tried the Kidibank™ app? Let me know what you think below!