Kachinga is an Android application for families to teach kids smart money management. There are tools for parents to set up allowances, track chores, and guide children in saving and spending.
Tracking
The app makes it easy for parents to set up automatic allowances or assign chores with rewards. Kids are able see their tasks, mark them as complete and earn money directly in their accounts, just like in Chase First. This teaches responsibility while giving children hands-on experience managing their funds.
There are interactive lessons and insights on budgeting and spending habits. It is possible to learn about money management in a way that is engaging and age-appropriate. Parents can reinforce programs by linking real-life transactions to financial principles.
Support
It is worth noting you have full oversight of your child’s funds, with instant notifications on transactions and activities. You can adjust allowances, freeze the debit card and set up expenses categories. Overall, the utility helps you control your kids actions and always stay informed on their decisions.
Features
- possible to get alerts on every transaction for full transparency;
- users can apply limits to control how much kids can spend;
- provides an option to automatically transfer a portion of allowance to savings;
- offers to allocate funds to donations for social responsibility;
- there is a chore history to track completed tasks;
- free to download and use;
- compatible with supported Android versions.