MoneyTrail is virtual banking system that organizes the financial transactions between parents and teens. Kids and teens can track their cash, allowance, IOUs and gift cards. We don’t handle your kid’s money. We just keep track of it for you. In the hustle and bustle of today’s busy world, MoneyTrail can make this part of parenting a little easier.
MoneyTrail has a computer website, www.moneytrail.net, which is the home of several features that are not available on our mobile app. Your same username and password will access your account on our computer website. You do not have to create another account on the computer website. The computer website enables you to:
*Edit allowance settings or user information
*Add users
*Create custom accounts for unique purposes (ie. Saving for iTouch)
*Extensive Help menu
MoneyTrail Features
* Tracks your kid’s money, including cash, allowance, IOUs and more.
* Two websites: one for computers and one for mobile devices (m.moneytrail.net).
* Current supported mobile devices include: iPhone, iTouch, BlackBerry phones, Android phones and the Nintendo DSi.
* Both parents and teens have accounts
* 100% Free.
Benefits for Parents
*Options include: one allowance payment, no allowance or Save, Spend, Share system.
* Saves time by eliminating the hunt for the calendar to determine when allowance was last paid.
* Helps you teach your child smart saving and spending skills.
* Lets you keep cash in your wallet by paying your child with credit (IOUs).
Benefits for Kids and Teens
* You have your own account and are in control of your money.
* You can enter IOUs so that you get the money you are owed.
* Runs on mobile phones so that you always know how much you have, even when you are at the mall with your parents.
Keeping track of your kid’s money and having them making wise choices with it is a skill that takes practice. Learning to have a goal for their money also teaches kids and teens to avoid blowing their money on impulse purchases. MoneyTrail is a virtual banking system that can organize kids’ money and keep kids and teens focused on their financial goals.
