Allowance tracker: Bomad
In-app purchases
1K+
Downloads
Everyone
info
About this app
Bomad - short for Bank of Mom and Dad - teaches kids good money habits by letting parents run a private bank for their children. It helps parents track allowances too.
The tracker works like this:
You create a virtual bank account for them using the parent app on your phone, which they can track in the child app on their tablet, phone or other device (similar to rooster money)
Then you set the app to add an allowance weekly, or when they get birthday money or cash from the tooth fairy, they give it to you and you keep the money as your own, but you track it by adding it to their balance in the app
When your child wants to spend, you pay or give them cash, and deduct it in the app
So the account balance is just what you owe your child, tracked by the app
Your child gets notifications for all transactions, including when their allowance arrives
They can easily see how much they have in the app, and track what their money and allowance was spent on
By keeping track of it, your child really begins to understand money. Giving them an allowance, however small, teaches them to budget and save (weekly allowances are best, especially for younger kids).
They stop nagging for stuff every time you're at the mall. They start thinking more about the future (e.g. how many more allowances will it take to reach a certain goal), and - with your guiding hand - they start making better spending and budgeting decisions.
Bomad has many other cool features too: kids can track their progress toward savings goals and get paid for doing chores. Older kids can claim expenses and request money transfers to real bank accounts so they can spend on debit cards. You can also split the allowance between different accounts (spending, saving, giving, etc.)
Bomad is more than an allowance tracker, it teaches kids better money habits, while making tracking money and allowances a breeze for parents.
The tracker works like this:
You create a virtual bank account for them using the parent app on your phone, which they can track in the child app on their tablet, phone or other device (similar to rooster money)
Then you set the app to add an allowance weekly, or when they get birthday money or cash from the tooth fairy, they give it to you and you keep the money as your own, but you track it by adding it to their balance in the app
When your child wants to spend, you pay or give them cash, and deduct it in the app
So the account balance is just what you owe your child, tracked by the app
Your child gets notifications for all transactions, including when their allowance arrives
They can easily see how much they have in the app, and track what their money and allowance was spent on
By keeping track of it, your child really begins to understand money. Giving them an allowance, however small, teaches them to budget and save (weekly allowances are best, especially for younger kids).
They stop nagging for stuff every time you're at the mall. They start thinking more about the future (e.g. how many more allowances will it take to reach a certain goal), and - with your guiding hand - they start making better spending and budgeting decisions.
Bomad has many other cool features too: kids can track their progress toward savings goals and get paid for doing chores. Older kids can claim expenses and request money transfers to real bank accounts so they can spend on debit cards. You can also split the allowance between different accounts (spending, saving, giving, etc.)
Bomad is more than an allowance tracker, it teaches kids better money habits, while making tracking money and allowances a breeze for parents.
Updated on
Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Personal info, Photos and videos and 2 others
Data is encrypted in transit
Data can’t be deleted
Committed to follow the Play Families Policy
What's new
Fix restore purchases; some minor bug fixes and enhancements
