What is MoneyTrail?
MoneyTrail is an allowance and money management system for kids, teens and families. It's a virtual tracking system. We don't handle your real money or hook into your bank accounts.
What does that mean for you? It means that MoneyTrail is a tool to help you keep track of how much money you owe your child or how much they owe you. If you are like me, allowance day comes along and you don't have the exact cash on hand to pay them. So...you say, "I'll pay you next week." Then before you know it, several weeks go by and you have no idea how much money you owe your child. It gets even more complicated when you have more than one child or your children start doing extra jobs to earn more money or they start spending a few dollars here or there. MoneyTrail can keep all of this organized for you.
MoneyTrail can keep track of:
- Payment for jobs or chores
- Gift Cards
- Savings for specific items
- Loan repayments between parents and teens
- Interest payments from parents to kids to encourage saving
- Sharing or charity donations
We have four kids and designed MoneyTrail to fit our busy family. You can customize MoneyTrail to fit your family! Whether you pay a weekly allowance, don't pay allowance at all or want to try a Save Spend Share model, MoneyTrail can work for you. And...with our mobile App, you can use your account anytime, anywhere!