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An easy-to-use app to help your child learn to manage money

With Pennygem, children earn money by receiving regular allowance and rewards for tasks. They manage money in a simulated banking environment with chequing and savings accounts. Finally, children learn to budget and responsibly spend by shopping at the Pennygem online store.  As a parent, you have complete control over your child's experience.

How It Works

1
Open an account in minutes

Open an account on the Web, iOS, or Android app.  Only the parent's email address is required.

2
Customize account

Activate and customize features such as transaction limits and fees, savings rates, and many more.

3
Earn and save

Set up regular allowance and rewarded tasks. Your child can set up saving goals and see their progress towards them.

4
Financial education

Enroll your child into a variety of age-specific courses on our platform and reward them for successful completion.

5
Personalized online stores

Browse a variety of items in the Pennygem Store, and select the ones that you approve for your child. 

6
Controlled spending

Approve or decline purchase requests in one click. The parent makes the final purchase. 

Safe and Secure

Parental controls

Custom

settings

No real money involved

Personalized stores

  • Highly customizable accounts.

  • Only the parent's email address is required to register.

  • No actual money involved for children. All payments and charges are in virtual units.

  • Children only access the items that parents approve for their online stores.

  • Final purchases at the online store are made by the parents using their payment of choice. 

Features

Support your children in learning to manage their finance with Pennygem's unique tools.​

​Help children learn to manage money
  • Create custom account settings

    • Transaction limits and fees​

    • Balance limits

    • Account fees

    • Interest rate

  • Set up regular allowance.

  • Set up regular charges.

  • Set up recurring and on-of rewarded tasks.

  • Approve task completion.

  • Enroll children in rewarded financial literacy courses.

Navigate children's spending
  • Browse through many products available at Pennygem's store.

  • Access the unique statistics on item ratings and approvals by other parents.

  • Select the appropriate products to create a personalized store for your child.

  • Review and approve purchase requests at a click of a button.

  • Purchase items directly from the merchant's website using your preferred payment method.