Online allowance trackers, or virtual family banks, are popular
tools for organizing a child’s money and encouraging financial literacy skills. We created our MoneyTrail website and app to
fit a need that we have in our family.
We have four kids and keeping up with allowances, IOUs and cash was
difficult. I would continually forget
the last time I paid allowance or I would lose the sticky note that reminded me
to pay Brittany $10 for washing the car.
Since Frank was a computer programmer and I was a teacher, we put our
heads together and created a solution that worked for us. (Read our full story here.)
MoneyTrail may have started with our family but it has rapidly
grown to help thousands of families with their allowance and money management
needs for kids. Frank and I are proud to
offer our free virtual family bank from our website and we have an app in all
the major app stores.
MoneyTrail
features include:
