MoneyTrail.net Provides Free Allowance and Money Management System for Teens and Families

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Online and Mobile System tracks allowance, cash, IOUs, gift cards and checks for teens and families.

By knowing exactly what they have in their accounts, my kids are learning how to save and spend responsibly.

MoneyTrail, LLC is taking allowance and money management for teens into the digital world with the launch of http://www.moneytrail.net, a leading online money management system.

Keeping track of money and making wise choices with it is a skill that takes practice. MoneyTrail simplifies the tracking of financial transactions within families, including allowance, cash, IOUs, gift cards and checks. Teens stay focused on their savings goals and always know how much money they have. Parents save time by eliminating the hunt for the calendar to determine when allowance was last paid or how much money is owed.

MoneyTrail is a virtual family bank. The MoneyTrail system enables teens and parents to track saving and spending without connecting with real bank accounts or credit cards.

In addition to the computer website (http://www.moneytrail.net), MoneyTrail has a mobile site, m.moneytrail.net, which supports iPhones, iPads, Android phones, BlackBerry phones and the Nintendo DSi. Mobile users can immediately see their current balances and can also enter transactions from their mobile device. A current MoneyTrail user had this to say about the mobile system, “The best part is being able to check balances instantly on my phone when we're at a store.”

MoneyTrail has been in a public beta testing format for the past year.    “The number of MoneyTrail users during our testing phase has far exceeded our initial goals,” said Pam Whitlock, one of the owners of MoneyTrail. Pam and her husband, Frank, are the creators of MoneyTrail. They live in Alpharetta, GA, and are the parents of four children, ages 8 – 17. Frank is a software developer and Pam is a former school teacher. “We are thrilled that MoneyTrail is coming out of beta and are looking forward to providing a free money management solution for many more families.”

Parents are finding that MoneyTrail saves them time and helps their children develop money management skills. Susan, a mother of two teens, said, “By knowing exactly what they have in their accounts, my kids are learning how to spend and save responsibly.” Another user had this to say about MoneyTrail, “My boys are learning some important lessons on money management by keeping track of their MoneyTrail accounts and also seeing where their money goes and learning about setting and reaching financial goals. MoneyTrail has made all of our lives easier!”

To learn more about MoneyTrail or to sign up for a free account, please go to http://www.moneytrail.net.

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