I started using this app when kids were earning a quarter a chore. Now they are old enough to earn $10-$20 a chore. They love getting their monthly statements that I email them and seeing their savings grow. I make them save at least 25% and save for charity 10%, they get to choose the charity. Works really well and with a dropbox backup I dont have to worry about loosing my data.
Do wish there was a kid version that they could see the account but not do any transactions.
Lessasgirl about iAllowance (Chores Allowances), v2.3.8