In this weekend’s Your Money column, I write about Tykoon, the newest of a group of Web sites and apps that help parents dole out allowances, track chores and encourage saving.

It’s hard to argue with the goal of teaching good money management. The question is whether technology is the best way to do it. Right now, we’re using the three plastic jars approach in my house. But I can see a possible point in the future where the allowance amounts will get higher and it will simply be easier to keep track of it online. But that means my daughter would be spending even more time in front of a screen, which isn’t a great result either. And it’s no longer quite as visceral.

Who among you is using sites like Tykoon, ThreeJars and My Job Chart to help your children manage tasks and run their money? And have any of you steadfastly steered clear of digital allowance tracking even as your children have aged?

Article source: http://bucks.blogs.nytimes.com/2012/09/07/on-whether-to-use-allowance-tracking-web-sites/?partner=rss&emc=rss