Allowance

“Mom, you owe me allowance!” How often have you said that and then discovered that your Mom doesn’t know when she last paid your allowance or how much she owes you? Did the two of you have to pull out the calendar and try to figure it out?

MoneyTrail can keep you organized. In it's simplest form, you can use MoneyTrail to record when you have received your allowance. No more flipping through calendars!

In our Basic Allowance style and our Save, Spend, Share style, MoneyTrail will automatically add the allowance amount to your MoneyTrail account. You simply set up the amount of allowance and the interval of payments and Moneytrail handles the rest. Every week (or month) MoneyTrail will automatically add the allowance amount to your MoneyTrail account. Remember, MoneyTrail is a virtual system. We are not using your real money, just keeping track of it for you.

MoneyTrail now has several ways of organizing allowance payments:

  • Basic Allowance: In the Basic Allowance style, your allowance payment is virtually deposited in one lump sum into your "Credit with the Bank of Mom and Dad" account. You can choose a weekly or monthly frequency.

  • Save, Spend, Share: In the Save, Spend, Share allowance style, each allowance payment is divided into three accounts --- the Save Account, the Spend Account and the Share Account. You determine the amount for each and choose a weekly or monthly frequency. See our Save, Spend, Share page for more information.

  • No Allowance: This option is for teens who do not get allowance or who do not want the allowance entered automatically but would still like to keep track of their money and IOUs.

Let MoneyTrail’s allowance system record your allowance details!