Genius Allowance Solution Kids Activities Blog

Awhile ago, I wrote about one of my biggest parenting challenges…the advanced math and organizational skills required to keep up with three boys’ allowances.

Each of the boys get a weekly allowance that they divide into three jars – one for savings, one for spending and one for charity.

That is 9 jars of money to keep up with!

They get their age each week in allowance ($5, $7 & $10) and $1 of each allowance goes into savings and $1 of each allowance goes into charity.

It became an advanced math nightmare.

I never had the right change or small bills which ended up into a high-finance system of IOUs {when I remembered}.

That was my other problem! I would forget one week and then maybe another one and then had no idea how far behind I was.

And then I solved it.

*angel choir*

I found an iPhone app to keep track of all the allowance details.

I use iAllowance and it allows me to separate the boys money into saving, charity and spending money by dollar amount or %. It also pays them their allowance automatically.

I can also set up a chore list that needs to be completed before payment is made {or other settings}.

The bonus to this system is that now when we are in the Target toy aisle and they want to know how much money they have…I know!

I just look on my phone and we have the answer.

3 Years Later

I initially wrote about iAllowance when I started using it. I can’t believe it has been three years, but it has!

It is a system that we still use DAILY.

My boys now can go in and do the transactions themselves as instructed. They have learned a lot about saving and how fast money will accrue if you just DON’T SPEND IT!

My phone has become the “bank”.

I just assumed that everyone was using iAllowance {it is THAT good}, but when I was on the phone the other day with one of my very best friends, she was lamenting how difficult it was to keep up with 3 kids allowances. When I mentioned iAllowance, she said, “Why didn’t you tell me about this years ago?”

So there you have it.

Don’t blame me in several years if you aren’t using it!