Pennygem Parents

Pennygem is a free app to teach children how to manage money in a secure and fun environment. It helps families manage allowance, chores, and rewarded tasks, and offers secure spending features and financial education along the way. Only the parent’s email address is required to register both the child and the parent. The registration process takes just several minutes. Children’s experience in the app is fully controlled by the parents and there is a lot of customization available. No real money is involved and there is no need to link any bank accounts. We designed Pennygem to be simple for parents and fun for kids.

The app has two components to it: Pennygem Kids and Pannygem Parents. As a parent, please install Pennygem Parents. As a child, please install Pennygem Kids. Please note that Pennygem Kids app does not require or track any personal information; does not have any external links; and does not pass any information to the third parties.

Features for parents:
Create custom account settings:
Transaction limits and fees​
Balance limits
Account fees
Interest rate on savings account
Set up regular automated allowance.
Set up regular automated charges.
Set up recurring and one-of rewarded tasks.
Approve task completion.
Option to manually charge children for purchases at retail.
Enroll children in rewarded financial literacy courses.
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 your child’s purchase requests at a click of a button.
Purchase items directly from the merchant's website using your preferred payment method.
Multiple children sign up.


Features for children:
Receive a regular allowance.
Complete tasks and get rewarded.
Manage money with Chequing and Savings accounts.
Gain skills and knowledge with financial literacy courses.
Shop at a parent-controlled online store.
Create savings goals.

What is Pennygem?

We want every child to have a bright financial future. That is why we created Pennygem - an easy and engaging tool to help parents raise “money-smart” children. With Pennygem, children learn the importance of saving and budgeting - the key skills that will help them to maintain financial independence as adults. These skills can only be developed over time, and Pennygem makes it possible. We hope Pennygem will help parents create a fun and engaging experience while educating their children about finance.

Download Pennygem for free and help your children on the way to financial success!

Recent changes:
We updated the initial registration process so it's easier now to start using the app at its full power!

We also removed some bugs here and there, the app is more stable now.