Money management is one of the things to look for as one starts getting cash or streams of income are opened.
This is very important as it helps to ensure that the income source is maintained and that besides, you never run out of cash.
So, In this article, I will be showing you the best apps for allowance, which will help you to manage your finance. These best apps for allowance were picked after a series of research by the Naijaventure team.
Although most of these apps for allowance are mostly for families, there could be a great pick for a single person, that is folks who are not yet married.
What Are Allowance Apps?
Allowance apps are mobile apps that are developed so as to help provide users with financial knowledge.
This includes providing them with video lessons, eBook and even audio tutorials on how to make, save or spend money.
The mobile app also go as far as helping the user plan their allowance by helping them analyse and budget their cash.
How Do Allowance Apps Work?
Allowance apps are mostly free to use. Although most of the allowance apps often charge a fee and some actually do come with prepaid cards.
An allowance app provides a detailed information as to how you spent your allowance.
This analysis is often done using charts and other type of graphs.
They rely on information you fill in.
This includes your total allowance, what you are willing to spend on, how much you will spend on this item as well the percentage of the allowance that will go to that item.
Best Apps For Allowance
So without much stories and having to bore you with much talks, let us see these best apps for allowance.
World of money is a free app that provides financial literacy.
It is one of the best free allowance apps available. They also provide video tutorials to the users on how to manage their money.
In summary, World of Money is one of the best free allowance apps for people aged between 7 – 26.
The World of Money app is available on the Google Play Store for download on Android devices as well the App Store on iOS devices.
2. Zogo App
Another app for allowance to use in 2022, Zogo app is a free mobile app that helps to provide you with some financial knowledge. The mobile helps you to plan on how you will spend your money.
One other fun feature of the Zogo app is that it actually pays their users while at the same time providing them with financial knowledge.
Yes, Zogo app pays for learning and for referrals. The minimum threshold is $5 and one needs to have 5000 points to redeem it.
In summary, they are a top best finance app to consider in 2022.
The Zogo app is available on the Google Play Store for download on Android devices as well the App Store on iOS devices.
Greenlight is not just a mobile app built to provide people with knowledge on how to manage their finance. It is a debit card which is accompanied by a mobile app and it is mainly used by parents to help their kids manage their own allowance properly.
This allowance could be gotten from chores. Although downloading the Greenlight app is free, you can only use the mobile app with the debit card which of course, does not come free.
The Greenlight mobile app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
Also known as Famzoo family finance, Famzoo is an award wining money planing app that is built for kids, teens and even parents; teaching them all they need to know in order to become financially literate.
Similar to Greenlights and most other allowance apps on this list of the top and best apps for allowance, Famzoo actually comes with a prepaid card. And yes, while helping you manage your allowance as well as provide you with some financial knowledge, there is a monthly fee of about $5 through which you have to pay in order to use the Famzoo mobile app.
The Famzoo app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
One of the allowance apps that help you manage your money. That is, the RoosterMoney serves as your allowance manager. The RoosterMoney app is an allowance app that does not just help manage money, they also provide charts showing you how your own money was spent.
They also provide their users with materials such as videos, eBooks and a lot of other resources in a bid to helping you improve your financial habits.
The Rooster Money app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
Is Rooster Money Good?
Yes, Rooster Money is a very good and one of the best apps for allowance planing.
Saving Spree is not just an allowance app, it is a mobile app that shows to provide younger persons as well as adults with some knowledge of finance. The allowance app, Saving Spree provides this users with activities meant to teach their users about money.
And of course, Saving Spree has a monthly fee of $5.99. That is, users have to subscribe to a fee of $5.99 to get it premium version.
The Savings Spree app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
Also known as Cozi app, the Cozi Family Organizer app like most other allowance apps on this list is a mobile app that helps you to plan your finance and manage your allowance.
The allowance apps is mostly used by families to plan the allowance of their kids, thereby helping them become financially literate.
Although it can be used by families, the Cozi Family Organizer app can also be used by individuals to plan their allowance.
The app is completely free to download and use and it is one of the best app for allowance that you can ever think of.
The Cozi Family Organizer app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
GoHenry is one of the best apps for allowance that give you all that you might need to get started on your journey of acquiring financial freedom.
The GoHenry app does not just provide you with charts and a good environment to plan your allowance properly, they also provide users with materials necessary to get them started for financial success.
GoHenry app is available for it premium version at $2.99 monthly for each child. This includes benefits such as ATM withdrawals in the UK as well as a lot of other benefits.
The GoHenry app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
BusyKid is regarded as one of the best apps for allowance in 2022.
The app has a lot of features which are meant to help the user plan their allowance. This involves features to help them regarding their spending and saving of cash.
The app comes with a debit card through which the user can make use of. They offer two subscription offers. And there are: a $3.99 a month premium and a $38.99 yearly or annual premium.
Whatever plan you choose, the BusyKid app will help you get started to some financial literacy.
The BusyKid app is available on the Google Play Store for download on Android devices as well the App Store on iOS devices.
How Much Does Busy Kid Cost?
BusyKid comes with two fees. A monthly fee and an annual few.
The cost of BusyKids monthly version is $3.99 and a $38.99 fee for annually.
Meant mostly for families, OurHome is one of the newest, yet one of the best apps for allowance known today.
One of the key features about the OurHome app is that it helps keep the home (or the user) coordinated.
That is, it helps them to plan their own lives and homes.
OurHome app is one of the best free allowance app available on the app store.
Users are allowed to make use of the mobile app without having to pay a dime. The OurHome app is available on the Google Play Store for download on Android devices as well the Apple App Store on iOS devices.
Frequently Asked Questions
Does The App For Allowance Have To Be Free?
No, the allowance does not have to be free. Although a lot of them are free, there are still some paid ones and which of course, their premium version (which is the paid version) does a great job on financial planing.
Most times, you mayl look out for the free ones as they also do a great job too.
Which Is Better Famzoo Vs Greenlight?
Both allowance apps are actually very similar, it is important to note that Greenlight does not have a paid version while Famzoo has a paid version. In summary, both are very good, although most people tend to choose Famzoo ahead of Greenlight.
Financial planing is a very important thing to do and it is very important if you make your children start their financial planing at an early age.
In this article, I have shown you the top 10 best apps for allowance in 2022 that you should consider. The mobile apps on this list are there based on merit. That is, they have done enough to make our list and they are actually based on the review we read about them.
Which allowance app were you expecting to make the list?