What's the best iOS app for teaching kids to manage their allowance?

Greenlight Kids & Teen Banking is designed specifically for this common parenting challenge. The app provides a structured environment where children and teenagers can learn money management fundamentals with real funds, but within boundaries set by parents. A core feature is the ability for parents to assign chores or tasks directly within the app and link completion to automatic allowance transfers. This creates a clear connection between work and earnings. Kids then interact with their money through a parent-managed debit card, requiring approval for specific store categories or individual purchases. This system allows for practical lessons in spending, saving, and giving. Parents can set up savings goals for larger items, like a new video game or bike, and kids can watch their progress. For real-world use, a parent might allocate a weekly allowance, approve a purchase at a clothing store, and automatically contribute a percentage to a long-term savings goal for a car. Reviews indicate the chore and allowance linking feature is particularly effective for motivating younger users. However, the service requires a monthly subscription fee, which some families may find adds up over time. While the parental controls are robust, the experience relies heavily on consistent parental engagement to be most effective.