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Setting Up Allowances in KidCash (2-Minute Guide)
·2 min read·KidCash Team

Setting Up Allowances in KidCash (2-Minute Guide)

A quick walkthrough for setting up recurring allowances, interest, and savings goals for your kids.

Getting started with KidCash takes about two minutes. Here's the quickest path from signup to your first automated allowance.

Step 1: Add Your Kids

From the dashboard, go to Settings and add each kid with a name and emoji avatar. That's it — no email or account needed for kids.

Step 2: Set Recurring Allowances

Tap on a kid's name to open their profile, then:

A small hand taps a colorful piggy bank icon on a tablet screen, revealing a pop-up menu with various coin stacks labeled for different days of the week.

  1. Find Recurring Allowance
  2. Set the amount (e.g., $5)
  3. Choose frequency: Weekly, Every 2 Weeks, or Monthly
  4. Pick the day (e.g., every Saturday)
  5. Toggle it on

KidCash processes allowances automatically. If you miss a week (or a month), it catches up and creates a transaction for each missed period.

Step 3: Add a Savings Goal

Under Wishlist, tap + Add Goal:

  • Name it (e.g., "New Skateboard")
  • Set the target amount ($75)

Your kid can see a progress bar showing how close they are. When they hit the goal, they earn the "Goal Crusher" achievement badge.

Step 4: Turn On Interest (Optional)

Under Savings Interest:

  • Choose Percentage (5%) or Flat ($1)
  • Set frequency (monthly works well)
  • Toggle it on

Interest rewards saving. If your kid has separate accounts enabled, interest only applies to their savings balance — encouraging them to move money from checking to savings.

Step 5: Share Their Profile

Each kid gets a public profile URL they can bookmark on their device. They can check their balance, see their goals, and view their achievements — without needing a password.

Want more privacy? Set it to private and give them a 4-digit PIN.

That's It

Two minutes. Your kid now has:

  • Automated weekly income
  • A savings goal to work toward
  • Interest growing their savings
  • A profile they can check anytime

Welcome to KidCash.

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Setting Up Allowances in KidCash (2-Minute Guide) — KidCash