Getting Started with RoosterMoney
You’ve joined thousands of other families in getting pocket money sorted.
Below you’ll find 5 tips to make the most of RoosterMoney.
1. Add your kids & set their allowance
"No more arguing about whether or not allowance was paid.”
(ScallywagPA, 5 star rating)
Weekly, fortnightly or monthly? When you add your kids, you can choose what allowance you’d like to give and how often. Don’t want to start with money? You can change their currency to ‘stars’ from their account settings.
2. Get the whole family involved
Add a secondary parent or guardian to help manage your RoosterMoney account. This means both mum and dad (and even grandma when she looks after them) can give boosts or make deductions from the wallet when out and about!
Note: You can add more than one extra parent/guardian when subscribed to PLUS.
3. Give your child a headstart with a Boost to their wallet
Does your child have a piggy bank with savings already? Transfer the amount to your child’s account with a ‘boost’ so they can start saving towards goals! You can quickly boost or remove money from your child’s account by tapping the plus and minus sign next to their photo.
No more shopping showdowns!! Next time you’re out at the shops and your child wants to get something that isn’t on the list, you now have the option to take it from their wallet! Just open RoosterMoney and tap the minus sign to make a ‘remove’.
4. Get your kids excited about saving by having them login and setup their first goal
If your child has their own device, you can setup their very own login details so they can access and manage their account themselves. You can set this up by:
- Clicking ‘settings’ in their account
- Tapping on ‘[NAME]’s login details’
If they don’t have their own device, they can easily view their account from yours. Just click on your profile photo in the top left and tap on ‘Switch user’. You can then switch over to your kids account and let them take-over their money management.
Put your kids in the driving seat! The best way to learn is by doing. Get your kids managing their own account, so they can start making decisions on what to allocate where. With your guidance, you can create space to talk about money, like the difference between a need and want, and the value of saving for a rainy day!
5. Start your kids on their saving journey!
Now that we’re all set up, your children can start saving towards their goals and allocate their allowance towards these. They can also add money to their ‘safe’, to learn the value of long terms savings for a rainy day! You can even lock your kids out of the safe, so they can’t easily dip in and out of their long term savings.