FamZoo Family Finance App Reviews

Not a good option for anyone over 15 yrs old. Setup is tedious, requires all parties to be on the phone for verification. Beware: Not easy to cancel or terminate card(s).

Set up was a synch, service is great, my kids love having this card

We use FamZoo to hand out allowances. Its great not having to remember to come home on Friday with cash to dole out, and theres never a question of "did I remember to pay her already?" Our kids love having the power to check their balances at any time, and were thrilled that theyre learning how bank accounts work while theyre young enough that mistakes dont really hurt them. Customer service has been top notch the few times when weve needed help (always because of mistakes on our end, not FamZoos). Ive recommended the service to multiple family friends.

I love FamZoo. This tool has been amazing. It has helped my kids learn to better handle money. They feel confident about how theyre earning and spending with access to the app even at age 9.

This app allowed us to move from the physical to the digital domain pretty seamlessly. As founder, Bill Dwight, points out, it’s important for kids to understand that digital money is as valuable as physical money and this app is a great way to do that. We also like that it’s not tied to any spending platforms. This is just good, solid allowance and goal-setting training. It’s simple and easy-to-use.

Best intentions are laid to waste if not executed upon. As my kids were younger, I planned on giving them a weekly salary and the opportunity to earn bonuses. If they earned $x.xx in a week, I wanted to split their earning to be designated for three categories spend/save/give. Additionally, I wanted to help my youngings understand the benefits of savings with a matching dollars (I call it the 401Dad program) and aggressive interest paid on savings. The complexities of my plans made it difficult if not impossible for me to execute consistently. FamZoo has helped me set it up and has been there for every step of the way. Their FAQs answer most questions I may have but their customer support crew regularly returns e-mail inquiries within hours. This is my first app review ever but I took the time to write this because I feel that strongly about FamZoo and the need to provide kids with financial education. My oldest just bought his own first car with his own money and my 10 year old just bought $500 in stock with some of his savings. Use FaZoo and take the time to dig into it and do it right. If you are looking for a simple allowance managment system, FamZoo will meet your needs too but I call all but guarantee you will do more with it than you anticipated.

Ive used Famzoo for many years with each of my three kids. Its awesome for teaching financial acumen and responsibility, including things like saving, budgeting and charitable giving. We use it with the Famzoo debit card to manage the kids allowance and lunch money. Its super easy and allows parents to instantly transfer money when its needed. And I can just as easily take money off their cards when the leave their dirty underwear on the floor

It is great to teach your kids how to manage their money but its also great if you have kids who travel a lot without you. Sometimes my daughter has to travel with her coach or team without us and its cool because she doesnt have to carry a ton of cash. Also we can set her a budget and she can watch how shes doing. We can also watch from a far and refill if necessary. Compare it to other cash cards. It cant be beat. I havent had time to tap all its resources, been to busy, but I will soon. They have a ton of good ideas.

I struggled every week to have cash to pay allowance, so mostly it wasnt paid. Being young, my kids didnt really care too much, but they also werent learning how to handle money either since Id often give in and buy that trinket out of guilt knowing that I owed them allowance. FamZoo has totally solved that problem since the money is effectively virtual. I literally cant forget to pay it since it is automated and never need to make change. My kids are now engaged with learning about finance with the tools to track saving, and we get to talk again about the useless stuff they spend money on when we review their spending every couple of weeks: "so heres that $2 you spent on the funny pencil. Do you still think that was worth the money? (And by the way do you even know where it is?) Tip: check out the blog from the earlier days of the app as well as the associated family finance favs blog for some great ideas about how to get more from the app (love the "could have earned" account where we note how much was spent on stuff that just wasnt worth it as well as jobs they passed on so they can start to connect long term financial effects to short term decisions) and how to approach finance education with your kids.

I use Famzoo to manage my sons weekly allowance and saving goals. He has the freedom to use his credit card with the balance I manage.

FamZoo is much more than an app, its a complete program to help your kids manage finances is a logical, responsible, and fun way. I used to use a PayPal child card for all my kids, but PayPal cancelled the entire student card platform. In step FamZoo and its even better. 5 stars!!

This app is terrific! I can load in chores for each of my kids and assign due dates, value, repeat schedule. It tracks their balances and automatically divides their allowance into different accounts.

There are a lot of great lessons learned by my kids from this app. It is easy, the kids love it and gives them real life experience managing their money.

My kids love having their own cards with their own money. I wish it were easier to add money to the primary card though. If I had know it had to go through another site/company to do so I probably would have used another app.

I have been struggling with a solution to allowance. This does it all. Teaches fundamentals and makes managing balances and cash painless. Great app and family solution.

Weve used this app and service for several years now. Its helped our kids understand how to save for long-term goals and put aside money for charities. When they were younger it was also a great tool to curb wanting everything at the store, I would just pull out the mobile app and show them how much they had left in their short-term savings and the "want" would end. The app itself isnt the most feature rich app I have but it does want it needs to and ties into a great service.

After Paypal student program discontinued (November 2016) we were on search for an alternative. So far FamZoo didnt disappoint! Best service support (had issue with linking to Paypal account and they helped it to resolve), very friendly mobile app and website very easy to use and plenty of reports and options to choose. One minus: one day to wait for money be loaded from Paypal but that if you only use Paypal as your loading option, there other options but most not free unless it direct deposit if your paycheck.

Great tool that allows me to be intentional about teaching my boys about money and not waste my time chasing down change

This app has completely solved the problem of tracking who did what and how much I owe who. This app is simple to use yet has some complex tracking abilities if you wish. Both of my boys, 10 and 15, love that they can see what they earned when they perform a chore, and how it adds up. I highly recommend this app!

Great tool for managing and tracking allowance for kids. Teaches them valuable lessons about spending, saving, and charity. Easy to use!!