FamZoo
teaching kids money skills with prepaid cards and chores
How it works
FamZoo gives each child a prepaid card tied to a family finance app where parents set allowance rules, assign chores, and track savings goals. Kids learn by doing — they can budget, save toward goals, and even pay parent-defined interest on loans. You don't need a smartphone; the system works over text message too.
Is it right for you?
Consider if you
- Parents teaching kids ages 5 to 18 about money
- Families wanting chore-based allowance systems
- Households that want full IOU tracking between members
Skip if you
- Parents wanting merchant-level spending controls
- Families wanting built-in investing for kids
- Users who expect a modern polished app interface
Your money and data
FamZoo's prepaid cards are issued by SouthState Bank and Four Corners Community Bank, and are FDIC-insured up to $250,000. Parents can lock cards, set spending limits, and receive real-time transaction alerts from the app.
Pros & Cons
Pros
- One flat subscription covers the whole family
- No bank account required to get started
- Chore tracking and automatic allowance built in
Cons
- No granular parental spending controls by merchant
- UI feels dated compared to newer competitors
- No investing features unlike Greenlight
Pricing details
$5.99/month · $25.99/6 months · $39.99/year · $59.99/2 years ($2.50/month) · 1-2 month free trial · Up to 4 cards included
On famzoo.com · We may earn a commission
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