School age (7–12 years)
The allowance that teaches patience and saving
Mateo (10) — Laura's family
Every Friday, 20 coins arrive automatically in Mateo's wallet. He decides: spend some this week, or save for later. Mid-month he has 450 coins; Laura adds 5 bonus coins for taking out the trash without being asked. When he wants a treat, he asks for a withdrawal — Laura approves it from the parent app and they talk about the real-money equivalent.
Key moment: The "aha" moment: coins arriving on Friday — and choosing to save some instead of spending them all.
Key features for this stage
| Feature | Why this age | Example setup |
|---|---|---|
| Scheduled allowance | Weekly school routine — Family plan | $2/week → 200 coins every Friday |
| Deposits & withdrawals | Bridge to real money from the parent app | 100 coins = $1 |
| Stars & warnings | Extra tasks on top of allowance | Bonus stars for chores |
Other age stages
Set allowance Friday — watch them save
FAQ
What allowance should I set?
Start with an amount that feels meaningful but not overwhelming. Many US families use $1–5/week mapped to 100–500 coins at a 100:$1 ratio. New scheduled allowance needs Family.
Does my child need their own device?
No. You manage everything from the parent app. Kid login on their own device is optional (included in Family), not required.
What if they spend everything immediately?
That's part of learning. Weekly coins plus parent-approved withdrawals help kids practice saving versus spending.