Managing allowances just became easier
Kids are often ready to understand key concepts like saving and delayed gratification long before they're able to earn significant money on their own.
Allowances can be a powerful tool to teach financial literacy, especially for younger children.
At Crew we believe that you shouldn't have to pay for your kids debit card, and that an offering built for your family would include allowances and child spend management for free.
Because of that, we're excited to announce the addition of allowances to Crew's free family banking product today.
Within Crew you can choose what day you’d like allowances to be paid, how much you’d like to pay each child, and even have Crew set aside a portion for savings automatically. We’ve also collected some best practices here to help your family get the most out of your program.
Head to the family tab of the mobile app to set up allowances for your family today!
About Crew
Crew is a banking app for families. Crew provides high interest joint accounts for parents and kids, and supports allowances and safe spending for kids. Learn more at trycrew.com.
More articles
Holidays on a budget: decide what the holidays will cost before Black Friday decides for you
Ever had a slightly tense conversation about money in January? A twenty-minute plan for picking a holiday number with your partner before the sales start.
Board games that teach kids about money better than a lecture
No kid ever changed their money habits from a lecture. Here are the board games — sorted by age — that teach real financial lessons, plus a few that cost nothing to play.
The Autopilot Revamp: Meet the Self-Budgeting Account
Most accounts can show you your balance. The new Autopilot helps you understand and control your money — projecting your cashflow years ahead and funding your bills and goals automatically.