Recent research shows that children generate an average allowance of almost $9 a week from allowance.
Not only has the amount changed (upwards) but parents have gone digital. This makes it hard for young children, especially, to understand the “realness” of currency.
Instead of an app to teach money management, I still recommend the “save, spend, give” approach using three transparent containers, that involves multi-sensory learning. How else would kids experience the empowering jingle of coins in a pocket?