With so many digital transactions and purchases happening these days, it can be challenging for parents to keep track of their children's spending and savings.
Family Ledgers simplifies the challenge of keeping track of kids' spending and savings by using a tried-and-true tool: the ledger. With this app, parents can monitor their children's money balances, set allowances, and track spending with ease, all while incorporating the traditional principles of financial management.
With this app, parents can create individual ledgers for each child, set allowances, and track spending across multiple accounts. Children can view their balance at any time by installing the app on their device and will be notified when parents add credits or charges to their ledger. While children cannot add credits or charges to their own ledger, they can stay informed about their financial situation and learn valuable lessons about money management.