The best allowance app in Canada is Mydoh thanks to its many valuable features and $0 price tag. Plus it's backed by Canadian financial giant RBC, providing an extra feeling of legitimacy and trust.
Allowance apps are convenient tools for managing your family's chores, tasks, and spending money. The good ones even provide financial literacy tools and opportunities for your kids to learn about banking and budgeting.
Here, we've listed the top choices for allowance apps in Canada and best features and considerations that can help you choose the right one for your family.
Key Takeaways
- The best allowance app in Canada is Mydoh as it is visually appealing and fun for kids, comes with a prepaid Visa, and has a $0 price tag.
- Chores & Allowance Bot is the best allowance app choice if you have young children, and iAllowance is best if you prefer to reward them with something other than a cash allowance.
- Allowance apps are excellent tools for teaching your kids responsibility and offer a convenient way of paying out their allowance.
- If you don't want to increase your children's screen time, an allowance app is likely not a good choice for your family.
Table Of Contents
Best allowance apps in Canada
| Category | App name | Price | Age recommendation | Features | Ratings |
|---|---|---|---|---|---|
| Best overall | Mydoh | * Free | 6 to 17 | * Comes with a prepaid Visa Smart Cash Card * Savings Goal feature encourages planning *Backed by RBC | * Apple App Store: 4.3 stars * Google Play Store: 3.9 |
| Best for young children | Chores & Allowance Bot | * Free version available * $24.99 per year | 4+ | * Free 7-day trial * Free version available * Text-to-speech reads chore names, descriptions, etc. aloud | * Apple App Store: 4.5 stars * Google Play Store: 4.4 stars |
| Best for cashless rewards | iAllowance | * Free version available * $3.99 to purchase app | 4+ | * Earns stars which can be exchanged for cash or other rewards * Converts to multiple currencies * Unlimited number of kids/users | * Apple App Store: 4.4 stars * Google Play Store: N/A |
Best overall allowance app: Mydoh
Min Monthly Fee
N/A
Max Monthly Fee
$0
Kids Included For Maximum Fee
5
Task Manager
Finally, the allowance tool you've been waiting for. Powered by RBC, Mydoh lets you easily assign chores to your kids and automatically pay their allowance. They also get access to the Smart Cash Card to shop online and in-store – totally monitored by you, at no cost.
Pros
- Completely free to use for everyone
- Mydoh is backed by a Canadian powerhouse bank: RBC
- Parents are the ones to set up the account
- Keeps track of kids' tasks and chores
- Kids have their own card to use for spending – within reason
- Kids can customize their card for a one-time fee of $6.99
Cons
- Parents who aren't tech-savvy can easily get confused
- Your child must have regular access to a phone or tablet to use it
- Saturday is now payday forever
Provinces
AB, BC, MB, NB, NL, NU, NT, NS, ON, PE, SK, YT, QC, ALL
Eligibility
See Issuer for Details
Why You Want It
Easily track your kids' spending + Automate allowance and chore assignments.
Special Features
- Mydoh Smart Cash Card gives kids limited access to spending online and in-store
- Use Mydoh Tasks to assign chores and household tasks for your kids
- A fun way for kids to learn financial literacy
- Add up to 2 parents and 5 children at no cost
Min Monthly Fee
N/A
Max Monthly Fee
$0
Kids Included For Maximum Fee
5
Includes Prepaid Card
Promotion
N/A
Mydoh covers all the bases with chore assigning and tracking, savings goals set up, allowance autopay, and the ability to send your kids extra money once in a while, for whatever reason. All of this comes with a $0 price tag, solidifying Mydoh's top spot as the best allowance app.
Why we picked it:
- Parent-controlled but extremely kid-friendly
- Significant focus on financial literacy
- Backed by RBC
| Pros | Cons |
|---|---|
|
|
Best allowance app for young children: Chores & Allowance Bot
Don't let the outdated-looking interface fool you – Chores & Allowance Bot has a lot to offer, including adding photos alongside the chores and a text-to-speech feature for pre-reading age kids. It also offers the most parental control of all the apps we've reviewed here.
Why we picked it:
- Markets itself as a chore and money planning app
- Significant parental controls
- High app store ratings
| Pros | Cons |
|---|---|
|
|
Best for cashless rewards: iAllowance
If you'd rather your kids earn rewards in the form of screen time, using iAllowance means they can earn "Time" or even "Stars." Use either of these options to reward your kids with screen time, toys, parent-child outings, or whatever you like.
Why we picked it:
- Ability to reward kids with money, other rewards, or a mix of both
- Multiple currency options
- Syncs with iCloud or Dropbox as backup
| Pros | Cons |
|---|---|
|
|
What is an allowance app?
An allowance app is a mobile app available on smartphones and tablets that keeps track of how much allowance your kids have earned. They usually offer a way to assign and keep track of chores and tasks your kids can undertake to earn their allowance, and there's typically some kind of payment feature included.
The best allowance apps provide "accounts" for your kids to save, spend, give, etc. You may be able to assign more than one account per child so they can use each one for a specific savings goal, like buying a new gaming system or spending money for an upcoming family vacation.
Parents are the ones to set up and control these apps, but most are designed for kids so they're very user-friendly, with cute graphics, avatars, etc.
Allowance app features
- Chore/task assignment and management
- Customizable categories
- Automated allowance payments
- Parental controls
- Savings goals
- Spending tracking
- Budgeting tools
- Multiple user accounts
- Accompanying debit card
- Notifications and alerts
- Financial literacy tools and resources
How to choose an allowance app
When choosing an allowance app for your family, it's important to evaluate your needs, your spouse/partner’s needs, and your kids’ needs so you can choose one that meets everyone's requirements.
You'll also want to consider the age and motivations of your kids to evaluate whether a chores and allowance app will work for them.
Here are a few more things to think about when choosing between allowance apps:
- Cost: How much are you willing to spend, if anything at all?
- Ease of use: Especially if your kids are young, choose an app your kids will understand how to use.
- Fun for kids: They won't want to use it if it's not fun! Choose one with cute graphics, interactive games, and similar features to keep them engaged.
- Features: Make a list of which features you need and want, then weigh them against what each app offers.
- Customization options: Will it sync with your bank? Can your kids name their various accounts?
- Strong parental controls: Ensure that you're the one in control and that kids can't make any sneaky changes to what you've set up. You want to be able to monitor their spending too.
- Security: Choose something that you feel safe using, that guarantees your privacy and takes precautions to protect your kids' information.
- Ratings and reviews: User reviews can offer valuable information and let you know which features work well vs. which don't.
Pros and cons of allowance apps
| Pros | Cons |
|---|---|
|
|
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
FAQ
What is the best free app for chores and allowance?
The best free app for assigning chores and paying allowance to your kids is Mydoh. It's a Canadian-designed app that's backed by RBC, is completely free, and offers many valuable features.
How much is the average allowance in Canada?
This depends on a few factors, but a good rule of thumb is to pay $1 - $2 per week for each year of their age. This means a 10-year-old gets between $10 - $20/week and a 15-year-old gets $15 - $30.
What is the best app to assign chores?
Mydoh is the top chores and allowance app in Canada. If you have younger kids, though, you may find Chores & Allowance Bot a better choice thanks to its text-to-speech feature for kids who can't read yet.
Is Mydohavailable in Canada?
Yes, Mydoh is available to users in all Canadian provinces and territories. It's our #1 pick for an allowance app, thanks to its wide availability, the automatic allowance payouts, the accompanying Smart Cash Card, and its $0 price tag.
