Babalata

Babalata LLC

In-app purchases

About this app

Babalata is a savings app for kids ages 6 to 18 in the United States: kids set savings goals with a photo, a target amount and a target date, record each amount they put aside and watch the goal fill up, while parents keep the real money, because Babalata has no debit card or bank account and does not hold or move money.

FOR KIDS
- Kids set a savings goal: they name it, add a photo, and choose the target amount and the target date.
- Babalata shows how much to put aside each day, week or month to reach the goal by that date.
- Kids record each amount they put aside and watch the goal's photo appear as the progress percentage climbs.
- When a goal is reached, kids see a celebration screen. A kid's first, second and fifth completed goals earn bronze, silver and gold badges.
- Kids can save toward a group goal with family members who join with an invite code.
- Kids practice short Money Gym lessons with Babuddy, Babalata's money coach character, and keep a lesson streak.

FOR PARENTS
- Connect to your child's account. Children under 13 need your approval, given on your own device, before they can use the app.
- See each of your child's goals: the amount saved, the target, the percentage and the target date.
- Get a notification when your child records an amount toward a goal or reaches a goal.
- Record a gift toward your child's personal goal. It shows as a gift from you, not as your child's own saving.
- Read a weekly family report: how many times your child put money away that week, the furthest goal milestone they passed, and conversation starters.
- Track allowance and the money promises you make to your kids, with the real money staying with you.
- Assign Money Gym lessons to your child.

BUILT FOR FAMILIES
No advertising in the app. No analytics or tracking code in the app. Personal information is never sold or shared for advertising.

IMPORTANT
Babalata is not a bank. It does not hold, move or transfer money, issues no debit card and pays no interest. Every amount in the app is a record that your family enters; the real money stays with you. In-app coins and badges are rewards inside the app. They are not money and cannot be cashed out.

Available in the United States only.

What’s new

Introducing the Babalata Family plan. Every family starts with a free month. After that, one plan covers all your children, and a parent chooses it in the Parent Portal. Children never see prices.

Also: simpler ways for parents to reach us and find our guides, a tidier Parent Portal, and small fixes.