FamZoo Family Finance

FamZoo Family Finance

by FamZoo.com

261 ratings
89 reviews
Free

Details

  • Released
  • Updated
  • October 28, 2010
  • July 26, 2018

Features

FamZoo Family Finance screenshot #1 for iPhone
FamZoo Family Finance screenshot #2 for iPhone
FamZoo Family Finance screenshot #3 for iPhone
FamZoo Family Finance screenshot #4 for iPhone
FamZoo Family Finance screenshot #5 for iPhone
iphone
ipad
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About

This app helps families teach children about money management through prepaid cards and IOU accounts. It facilitates tracking allowances, chores, savings, and budgets, fostering good financial habits for all ages.

Prepaid cards for family
IOU accounts for tracking funds
Allowance and chore management
Budgeting and goal setting
Savings and charitable giving tracking
Money transfers between family members
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What users say

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What's New in FamZoo Family Finance

3.1

July 26, 2018

This app has been updated by Apple to display the Apple Watch app icon. Minor upgrade to the FamZoo app. Bug Fix: Fixed navigation to links outside the app - like the FAQ - which now open in a new Safari window outside the app. New feature: swipe down to refresh a page.

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User reviews

Fees not clear

This app is a subscription. The same cost no matter the plan. In my opinion, the iou plan should be free, allowing users to get comfortable with the app before deciding to commit financially.

Loved for a long time, but it’s starting to fall behind others

We are trying another program because it was a free perk with a different account. Although I have loved FamZoo for years, I’m starting to feel it’s lacking.

The other program makes it much easier to fund my account using my Deb card, so the funds are available to send to my child immediately if needed. My son is starting to drive and if he ever needs emergency money, that would be a great feature.

The other program includes financial lessons for the kids. It allows easy transfers between friends and family members not in the family account. It automatically has spending and savings accounts without a hassle of additional cards that won’t be used. And so on.

FamZoo served my family well and I’m not sure we will be completely leaving because I have a 2 year old we stash cash for in here and the other place she can’t have an account until 6, but I now realize how many features I wish FamZoo would implement.
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5 stars

Great app that has worked excellent for my two daughters. I highly recommend.

Convenient tool for money management

We’ve used FamZoo for several years, and our 3 pre-teen kids love it. It’s a great way for parents to teach fiscal responsibility, and the cards and app make things very convenient and easy for both parents and kids. And the customer service is great. Highly recommend FamZoo!

Great for family budget

We use our FamZoo cards a little differently. We named each one for a different budget item. Groceries, Home Maintenance, Gas, Dinning Out, Pets etc. Then each payday, we add money from our bank account (via Apple Pay) and put the amount on each card we need. We switched to this budget plan instead of using cash envelopes in 2020. It works extremely well for us. Customer service is wonderful! If you have an issue, you can email them and I always heard back within the same day. There is also a FB group you can join that the company maintains and actively moderates.
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User experience

🐞

Reported Bugs

6 issues

App signs users out unexpectedly

Bug

Password reset fails with incorrect email error

Bug

Transaction processing delays causing duplicate charges

Bug

Card declined despite sufficient funds

Bug

Login authentication issues

Bug

iOS compatibility issues with older versions

Bug

Requested Features

10 requests

Free trial or IOU-only plan for new users

Feature

Faster bank account transfers (same-day or instant)

Feature

Built-in financial education lessons for kids

Feature

Easy transfers between non-family members

Feature

Automatic spending and savings accounts without additional cards

Feature

Direct linking to savings accounts

Feature

Lower or eliminated PayPal reload fees

Feature

More modern and intuitive app interface

Feature

Dark mode option

Feature

International currency support (pound sign option)

Feature

FAQ

What does FamZoo do?

FamZoo is a family finance app that helps teach kids and teens about money management. It offers prepaid cards and IOU accounts to track spending, saving, allowances, chores, and budgets, reinforcing good financial habits.

What are the key features of FamZoo?

Key features include managing family prepaid cards and IOU accounts, tracking allowances and chores, setting savings and charitable giving goals, creating budgets, and facilitating money transfers between family members.

How much does FamZoo cost?

The app offers a free trial and can be used with IOU accounts, which are available everywhere. FamZoo cards are issued in the United States and require registration via their website.

Who is FamZoo for?

FamZoo is designed for families with children of all ages, from preschool through college. It aims to help parents teach their children about responsible money management, budgeting, saving, and the value of hard work.

Can FamZoo be used outside the US?

FamZoo cards are exclusively issued in the United States. However, IOU accounts, which allow for tracking money held elsewhere, are available for use worldwide.