Bank of Mom
By Gomu Gomu
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Please note: The decimal is missing in OS4 in the keypad. An update is coming to fix this.
* New and Noteworthy (November 2009) * -iTunes
* #1 in Finance * -iTunes
* Best App for Managing Kids’ Money * -O'Reilly's Best iPhone Apps
* With its appealing design and fun easy to use features this really is a major must have application *
* Top Ten iPhone Apps in the Finance -Incredible iPhone Apps For Dummies
* Recommended for Moms -Apps for Me
Bank of Mom is the best way to keep track of your kids virtual bank accounts and a great way to teach them about money. In today's world, cash is less often used, it can be difficult for children to understand and learn the concept of money, savings and healthy financial habits. Show your kids their transactions, balance and interest earned from an early age and they won't be overwhelmed when they get their first bank account or credit card. With the ability to track money, time and activities, Bank of Mom is flexible and will even help children too young to care about money.
* Track multiple accounts and their transactions
* Track deposits and withdrawals
* Track money
* Track time for TV, videos games, etc (in minutes)
* Track activities such as sleepovers, trips, etc
* Ability to email transactions
* Easy way to add interest
* Each account has it's own interest rates
Icons & Buttons
* Tap the "+" button to add an account or transaction
* Tap the "Recycle" button to edit/delete accounts or transactions
* Tap the "Letter" button to email the transactions
* Tap the "Sapling" button to add interest to an account
* "Currency" icon represents monetary balance
* "Clock" icon represents time (in minutes) balance
* "CFL" icon represents activities balance
Adding an Account
In the Saplings screen, tap the "+" button (top right) and a new screen will appear. Enter the name of the account, the child's name for example, and tap Save.
Adding a Transaction
Tap the account to go to the Transaction screen. Tap the "+" button (top right) and a new screen will appear. Tap Deposit or Withdraw and enter a description. Enter monetary value next to the "Currency" icon, enter time (in minutes) value next to the "Clock" icon, or enter an activity next to the "CFL" icon. Enter one, any two or all three. Enter the transaction date and tap Save.
Editing a Transaction
Tap the account to go to the Transaction screen. Tap the transaction you want to edit and a new screen will appear. Change the transaction details and tap Save.
Tap the "Recycling" button (bottom right) to go to edit mode. Tap the "-" next to the account or transaction you want to delete and a Delete button will appear. Tap the Delete button to delete the account or transaction. When you're finished, tap the "Recycling" button again to exit edit mode.
Tap the account to go to the Transaction screen. Tap the search bar entry to show the keyboard. Enter at least three letters and tap Search button. Tap "x" to clear the search bar entry. Tap Cancel to reset the search results.
Tap the account to go to the Transaction screen. Tap the "Sapling" button (bottom left) and a new screen will appear. You can enter the interests manually or use the sliders to calculate the interest. First entry is monetary interest and second entry is time (in minutes) interest. You can only enter positive interests and negative account balances will result in zero interest regardless of interest rate.
Tap the account to go to the Transaction screen. Tap the "Letter" button (bottom left) and a new screen will appear. Enter an email address and tap Send. Tap Cancel to exit without sending the email.
What's New in Version 1.6
- Fixed iOS4 compatibility with the decimal button
Needs some tweaking...
Bank of Mom is a wonderful app but still needs a few kinks worked out.
I'm frequently losing all account data but, so far, able to get it back with a reboot. This is a HUGE issue as a user has the potential to lose numerous transactions for multiple accounts. It would be virtually impossible to remember months of data.
Would love to be able to set up automatic weekly transactions such as allowances. Would also like to be able to customize what is being tracked for each sapling. For instance, if the users only wish to track cash and "turn off" the alternate time-based activities in order to be more like an actual bank account.
Looking forward to the next update making this great app more stable and customizable.
This app is really good. It's really helpful for me as a mom of three to keep track of my kids allowance by the chores they do. Also my mom sends the kids money so I am able to input that. I kept giving the kids cash or quarters for chores and they kept losing them. This way they can keep track of their money and it's all in one place. My kids love asking me to view their "bank account" to see how much they are saving. I definitely think that a reoccurring amount that's on an automatic deposit would be a great touch for us busy moms! Please add this feature. :-)
Great virtual bank but crashes too often :(
My phone is always with me so I don't have to worry about missing things... They do their chores to earn money and if they go above and beyond they can earn time which they can use to stay up late occasionally. Then for every 10$ I move the money into their real bank account to spend how they choose... I also use this app for budgeting my grocery, gas and eat out money... I add money on my pay days and subtract each time I go shopping - keeps me on budget!!!
Would have given 5 stars but lots of bugs/crashes... I have stuck with this app for over a year hoping the crashes would be fixed but instead they keep getting worse/more often :(
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- Category: Finance
- Updated: Jul 07, 2010
- Version: 1.6
- Size: 0.7 MB
- Language: English
- Seller: Gomu Gomu
- © Gomu Gomu
Compatibility: Requires iOS 3.0 or later. Compatible with iPhone, iPad, and iPod touch.