Hi, I’m Lisa — CPA, financial coach, and mom of 3. 🤓 For years, we did allowance the old-school way (cash envelopes and all). It worked when they were little. But eventually, I needed to search high and low for the best allowance app for kids.
Why? Life is busier now. Sports. Activities. Teen with a phone. Real life.
So we switched to a free app — and I’m genuinely so happy we did.
Why We Switched
- ✅ No monthly fees!
- ✅ Every family member earns a very competitive high-interest rate on savings (use code MFM to boost it even higher!)
- ✅ Allowance sends automatically every week
- ✅ Money can be split into Give / Save / Spend
- ✅ Debit card option for older kids
My teen has a debit card and added it to his Apple Wallet. I can see his purchases, transfer money instantly, and there’s no more “Did I forget allowance day?” stress.
It teaches real-world money skills in a cashless world — without adding more to my mental load.
The Best Part 👇
If you download the app and use code MFM, your child gets a boosted, very competitive high-interest rate on their savings.
If you’re a busy mom who wants to raise money-smart kids without chore charts or cash envelopes everywhere… this allowance app for kids has been a game-changer for us.
— Lisa Schader, CPA and Financial Coach
Founder, Money Fit Moms
Affiliate disclosure: I only share tools we personally use and love. If you sign up using my link, I may earn a small commission at no extra cost to you.