Allowance Manager is a free online tool for parents to manage children’s allowances and for children to learn to manage money from a very early age. It enables the parent to effectively link allowances with chores, grades, behavior and the like. Parents always have the doubt whether they should provide their children with allowances. With the help of this tool, they can answer such questions.
An Allowance Manager free account can be opened by the parent or the child can invite the parent to open one. It is specifically designed to enable parents to reward good behavior, contain bad behavior and keep a record of chores done by the children. This account looks like a savings account with the parent acting as a bank. The biggest use of such a set up is that the parents can keep track of how and where the money is spent by their children. At the same time, the children learn valuable money management lessons very early in their life with the help of Allowance Manager. It is very much like the children earning their allowance money for the chores or tasks they finish.
Let’s look at how exactly Allowance Manager works. Once the account has been created and the parents sign in, they have to add their children’s names and ages to the account. On the site they can see a list where in they can record the tasks to be done and a weekly time table which helps them schedule the tasks. Once the child finishes a particular task the parent can record it on Allowance Manager. At the end of the week, the parent can do a round up and check whether the child has finished all the tasks and whether or not he/she has earned the allowance.
The most important features of Allowance Manager are as follows:
- Lets the parent manage and track the allowances for their children very easily.
- A detailed chore schedule can be prepared and kept for reference.
- When the parent is allocating a particular allowance, he/she can specify the exact reason for the same, i.e. completion of tasks, excellent behavior and so on.
- Finally, the most important feature being that the children learn the value of money and can be groomed to be responsible in matters of money.
If you want your children to become responsible and actually earn their allowances, look no further and get yourself an account at Allowance Manager. You can also try these free parental control software to monitor online activity of kids.
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Free / Paid: Free
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