Parents set the boundaries. Kids make the choices inside them.
Monty gives parents the settings, oversight, and adjustments to guide money learning — while leaving the everyday Spend, Save, Give choices to the kid.
What parents can set
- Allowance amount and schedule
- The Monty O’Clock reminder schedule
- Goal oversight — review or cancel with a reason
- Notification preferences
Example: a goal that needs a rethink
A kid starts saving for a $45 game, then a few weeks later decides they’d rather save for something else. A parent talks it through with them and cancels the goal with a reason — “I want to save for something else” — so the reason is recorded.
What stays the kid’s decision
Allowance amounts and schedules are set by parents, but the three-jar split — how each allowance or deposit divides across Spend, Save, and Give — is the child’s call every time, with a parent there to help.
Parents can add a bonus or adjustment when it helps the lesson.
A bonus adds money to a jar or a goal; an adjustment withdraws it — tagged Correction, Borrowed, Shared cost, or Other. A bonus to a jar and every adjustment can include a reason, so the child understands what happened and why.
- Bonus
- Adjustment
Questions parents ask
Who creates the Monty account?
Parents create and manage the Monty family workspace. Children do not need their own email address or account to participate.
Can kids change allowance settings?
No. Allowance amounts and schedules are set by parents. What kids do decide is the split — how each allowance divides across Spend, Save, and Give at Monty O’Clock.
Can parents review a goal after a kid creates it?
Yes. A goal becomes active as soon as a kid sets it, and parents can see it right away. If it needs a conversation, parents can talk it through and cancel it with a reason if needed — rather than gatekeeping it before it starts.
Can parents restrict what a child spends on?
Parents set the allowance and family boundaries; day-to-day spending choices inside those boundaries are the child’s practice, not something Monty locks down transaction by transaction.
Can parents see why an adjustment was made?
Yes, when a reason was added. An adjustment can carry a short reason and a note, and a bonus to a jar can carry a reason, so both the parent and the child can look back and see what happened and why.
Start building money habits with your family.
Create your free Monty Family Account and help your kids practise real money habits this week.