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Have You Tried The Allowance Manager?

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Energizer Bunny's Mommy Reports: Have You Tried The Allowance Manager?

Nov 3, 2010

Have You Tried The Allowance Manager?

Did you know that there is an online tool that parents can use to set and track their child/children's allowance(s)? I know...I was just as intrigued to find out about the Allowance Manager as you are now!

How it works.

As the parent of the child receiving the allowance, you will first need to create a free online account for yourself and then create one for your child.

By doing this you will be able to record the allowance payments made to your child and the transactions involved as a result of part of the allowance being spent.

To put it simply, it is like maintaining a book of accounts for your child's allowance online.

Need help deciding how much of an allowance your child should be given?

No problem. Just fill out the printable Chores Chart and personalize it to add the activities your child undertakes regularly to get paid an allowance for.

How do I debit or credit my child's account?

All you do is click on 'Children' under your account, then click on the child's name and 'add entry'. When you do this you are given options to title your specific credit or debit.

I personally think this would be apt for older kids who love interacting with even their parents in the virtual world. Your child would get to see a consolidated report of how much he/she has received and how he/she has spent the same, thereby encouraging him/her to manage his/her finances in a more frugal manner. (Hopefully!)

Sure, the concept is great but maybe I'm old fashioned and I would really think it takes out that special charm in a parent-child's 'relationship' experience and perhaps even makes accountability not as strong.

** EBMR Disclaimer: The Allowance Manager will be sending me a thank you Target GC for reviewing their site. This review has not been monetarily compensated and is based on the views and opinions of my family and/or self. Please note that the opinions reflected in this post have not been influenced by the sponsor in any way.**

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