PennyOwl Allowance
We make it easy to set up an allowance for each child and keep track of how much they have saved or spent. Your child can also log in and make decisions about their money. Parents still hold all the cash so no deposits are needed.
PennyOwl is a tool that helps children understand the value of money, and it provides you with an easy way to influence and engage them on the topic. Download it now and see why parents love it!
Features for Parents:
* Set individual allowances and controls
* Monitor activity and approve requests
* Add or subtract from a child's balance
* Find interesting articles on family and finance
* Discover age appropriate books and toys in our family-friendly store
Features for Children:
* Make decisions on how much money to save or spend
* Check balances or request a cash withdrawal
* Discover interesting things about money through the Newsfeed
* Save up for items in our curated store
Other Highlights:
* You and your child can access PennyOwl from the same shared phone or from different devices
* All products in the PennyOwl store are reviewed and age-rated for appropriateness
* Bank-level security of credit card information. We've partnered with PayPal / Braintree for maximum security. We are PCI-DSS Level 1 compliant
Why did we build PennyOwl?
Our mission is to help parents raise kids to be financially smart and independent.
As parents, we know that giving an allowance is a great way to start the conversation, but allowances can be hard to manage. And in an age of apps and smart phones, jam jars don't cut it anymore.
So we built an app to help parents keep track of who is owed what. It's also a safe place for kids to make decisions under parental control and learn the value of money.
PennyOwl is designed for children aged 7-12 years old. However, if you have younger or older children, PennyOwl is still a great way to just keep track of everything.
My kids do chores. Can I still use PennyOwl?
Absolutely. Think of PennyOwl as the place you keep score at the end of the week. Whatever your kids earn, you can log it in PennyOwl. It could be money for chores, or from a gift or babysitting. You can track it all with PennyOwl.
PennyOwl is so much more than an allowance tracker, allowance manager or family bank. It's the best allowance management tool. Use it and raise money-smart kids.
Category : Finance
Reviews (17)
Just getting started with this app, but here's a feature I would like to see: It's great you can set a savings rule esp. for recurring allowance. When i do a one-off transaction, I would like the ability to change the rule for that transaction only, but keep it in general for regular allowance
We've been using PennyOwl for over a year as an allowance control tool with our kids. While the little ones (ages 6-10) are not too much into the definitions of checking/savings accounts, the app makes them practice the concepts of earning, saving and spending/buying. It is also a great solution to help eliminate that loose change rolling around the house. We've checked a number of other apps, PennyOwl really stood out in terms of user-experience and ease of use for the kids - we love it!
This is a great app, chose it over roostermoney for its online store. Very easy to use and my boys can check their balance with their tablets. Would love to add 2 parents, chore checklist, and pics from a store toy to the wishlist.
Great for keeping the kids aware of their money, saving & making smart financial choices. I do wish that there was a a charity/giving option in addition to savings, as this is an important lesson for kids today.
Looked promising, but I was turned off by the fact that the app wanted to know my gender and whether my kid was a boy or girl. That doesn't seem to be information that is necessary for the app to function, so I uninstalled it.
I love this app. My kids love it too. The only change that I would consider is making the withdrawal process easier if the spending account is short but the difference is available in the savings.
Makes managing allowances and birthday money for the kids really easy.
I am not in love with the store option, but I can see why some would like it
I've used many of these types of apps and none of them worked quite the way I needed them to or were nearly as easy to use. PennyOwl nailed it!
Is a great tool to help kids actively manage their own finances and the cost/reward of purchase decisions.
Love the features and helped me get over lazyness!
This is working great for our family! My kids know how much they have, and I can easily give or take money.
I'm a kid o use money making apps and I use this app to transfer money ey to mms credit card awesome I get 💰 but... Can you transfer to bank of America?
Really nice app. Kids can watch their money grow in savings. Really easy to use.
You can only do a weekly allowance. A monthly option would be nice.
Nice little app. Sometimes makes me keep entering pin over again.
Three things would make this already great app perfect: recurring deductions, a third auto-category for charity, and the ability to go negative if you advance the kids future allowance. Otherwise, love it! UPDATE: Just got the email that PennyOwl is shutting down. Why are the most frivolous, stupid apps still going strong while one of the most useful, best-designed ones is shutting down? Life makes no sense. Start a GoFundMe or something. Save PennyOwl!