iPhone Screenshots


PennyOwl gives parents an easy way to manage allowances, and children a great way to learn about money.

It’s important that children develop good financial habits early. Giving an allowance is a great way to start the conversation.

PennyOwl is more than an allowance tracker, allowance manager or family bank. It is a tool that helps children understand the value of money, and it provides parents with an easy way to influence and engage them on the topic.

Features for Parents:

• Set individual allowances and controls
• Monitor activity and approve requests
• Find interesting articles on family and finance

Features for Children:

• Manage their money
• Request a cash withdrawal
• Discover interesting things about money through the Newsfeed

The app is designed for parents with children aged 7-12 years old, and can be used on a shared device or across multiple devices.

PennyOwl. Raise Money Smart Kids.

What's New

Version 1.0.5

• Added audio and visual FX for children
• Revamped the splash screen
• Added a little polish
• Squashed some bugs

Customer Reviews

Good app, not enough parental controls


I have been using this one for a few months now. It’s a nice clean interface, and syncs fairly well with our 5 family devices. My only issue is lack of parental controls. I can specify how much they get automatically each week, but it allows the kids to freely move any amount of money they want into either the "save" or "spend" account (these are the only 2 accounts). This is fine for my responsible 9 yr old girl, but my 12 yr old boy isn’t so trustworthy, and my 7 yr old boy just isn’t old enough to understand the difference between the 2 accounts. There needs to be an option to force them to put a minimum amount into "save". Also, they can open the app anytime they want and move as much money as they want to either save or spend! My 7 yr old moved his entire save amount over to spend and I had to explain this wan’t what that account was for. Just seems like there could be some controls added to help with this. I guess this could all be avoided if I am right there watching them use the app, but I can’t always do that.

Great idea, hope it keeps going

can’t find a unique nickname

Love this app - been following it’s evolution for a while now. Teaching my kids about money is really hard and this helps a lot

Lacks full functionality

Standard Works Review

Can only add money to kids accounts. Cannot withdraw. Needs an option to allow parents to remove $$.


13 MB
Requires iOS 7.0 or later. Compatible with iPhone, iPad, and iPod touch.
Age Rating
Rated 4+
© 2015 PennyOwl Corp


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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