Categorized as a finance app, Kids Allowance and Rewards could also fall into the category of productivity because when it comes to kids, a reward system is one of the best motivators. Kids Allowance and Rewards by Gedgers is for parents with kids of any age to set up individual “accounts” for tracking allowance and reward points. There are several features in Kids Allowance that create a well-rounded app that parents will find easy to use and kids will easily understand.

With Kids Allowance and Rewards, users simply create an account for each child and opt to set default allowance pay-ins to occur automatically or manually enter the information as the allowance is earned. Additionally, users can enter reward points, tagging them with specific events. The reward points tracker is really part of what I like about Kids Allowance and Rewards. You can assign whatever tag and reward amount you like and the app keeps track as the points are earned and “redeemed” for reward. I see great potential for use of this app across several arenas, but the good news is, no matter how you choose to use it, it is user-friendly enough for most any scenario.

Upon launching Kids Allowance and Rewards for the first time there are no accounts, as you have to create them. The user-interface is pretty straight forward, but there are basic instructions included within the “info” tab at the bottom of the screen. After you add each account, you can set up a direct-deposit in a sense by the default allowance function or manually input your own information. There is enough flexibility that Kids Allowance and Rewards should work well for most any family situation.

Once the accounts are created, the main page will provide each account’s basic account information at a glance, which means it’s easy for kids to see their standings. Clicking on an individual account allows users to enter or change information. Using Kids Allowance and Rewards for more than one child may even inspire some competitive creativity. Parents can quickly see how much money they owe their child, can input “pay-out” information when their child collects, and can also track reward points for any other system they may be using. The reward tracker is very much like a sophisticated and high-tech version of a sticker chart.

While Kids Allowance and Rewards was obviously developed for use by parents, I believe it could be useful for teachers as well. I’ve seen teachers use both a “money” system and a point system to encourage productivity and good behavior and both could be easily tracked on Kids Allowance and Rewards. I am not sure if there is a limit to the number of accounts you can add, but I was able to add ten and didn’t get the impression it was overloading. I haven’t yet figured out how to delete accounts, which would obviously be necessary for a teacher, but I’ve emailed support this question.

As an allowance and reward tracker, Kids Allowance and Rewards fits the bill quite nicely. There are even a few updates in the works to improve performance, including the ability to assign descriptions to deposits and withdraws. As it stands, Kids Allowance and Rewards is a solid tool for both parents and kids with possibilities that are essentially up to the user to create. It also serves as a great introduction for kids to finance applications and budget trackers. Check out the demo video below.

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category: Editor's Picks, Finance