The Big kid view has three extras you can turn on: Family Bank adds a little to the Save jar each month so your kid can watch saving grow, Borrowing lets your kid ask you for money before they have it, and the Job board lists paid jobs you post. They all start off, and you OK every payment.
Steps
- Open Settings (opens in a new tab), select the Family tab, open your kid's row menu and choose Open.
- Select the Settings tab.
- Under Family Bank and borrowing, turn on Family Bank. Pick the Interest per month and the Most interest in a month. Turn on Save bonus to add a little extra for money put in Save, with its own monthly cap.
- Turn on Borrowing, then pick Most per ask, Most owed at once and how much of new money pays it back (Pays back from new money).
- Under Money in, turn on the Job board, then choose Post a job, type what it is and what it pays, and choose Post job.
- Choose Save settings.
How it works
- Family Bank interest is added to Save on the 1st of each month: your monthly rate on the lowest Save balance during the last month, up to your cap. Your kid sees it grow on the Family Bank screen.
- Save bonus adds a few cents for each dollar your kid puts in Save, up to the monthly cap you pick.
- Borrowing: your kid asks on the Borrow screen. The ask shows in Waiting for you; choose Approve or Decline. Approved money goes into Spend. Then part of each new money pays it back before it splits into jars. There's no interest.
- Jobs: your kid claims a job and marks it done. It shows in Waiting for you, where you choose Pay (the button shows the amount) or Decline if it isn't done yet. Tick Keep it on the board for next time to post it again. Job pay splits by your kid's money rule.
- Most you'll add in a month, shown when you set up Kid Mode, counts the allowance and the Family Bank caps. Borrowed money is paid back and jobs pay only when you OK them, so they don't count.
Good to know
- These extras are only in the Big kid view. Switching to the Little view hides them.
- Kid Mode only records the money. You pay interest, bonuses, loans and jobs yourself.
- Archive a job you don't need with Archive next to it in Jobs for your kid.
FAQ
Who pays the Family Bank interest? You do. Kid Mode records it in the Save jar on the 1st of each month, up to the cap you set, and you pay it the way your family handles money.
Is there interest on money my kid borrows? No. Borrowing has no interest. Part of each new money pays it back until it's paid off.
Are jobs the same as chores? The job board is for paid jobs beyond everyday chores, like washing the car. A job pays only when you OK it.
Can Little view kids use these? No. Family Bank, borrowing and the job board are only in the Big kid view.
FAQ
Who pays the Family Bank interest?
You do. Kid Mode records it in the Save jar on the 1st of each month, up to the cap you set, and you pay it the way your family handles money.
Is there interest on money my kid borrows?
No. Borrowing has no interest. Part of each new money pays it back until it's paid off.
Are jobs the same as chores?
The job board is for paid jobs beyond everyday chores, like washing the car. A job pays only when you OK it.
Can Little view kids use these?
No. Family Bank, borrowing and the job board are only in the Big kid view.