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Automate Transfers Between Accounts With This Checklist Trick

Card to card transfer diagram.

Let’s say your daughter wants to move 10 cents from her spending account to her savings account every day.

Or, maybe one sibling needs to pay another back for an intra-family loan and wants to schedule a weekly payment of $2.

You probably know FamZoo supports automated transfers with allowances and auto debits. The problem is, those always involve the parent’s primary funding card. It’s either the source or the destination for the transfer. Unfortunately, that’s not the case with the two scenarios above.

So, how do you automate a transfer between two non-primary card accounts in a family?

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How To Deliver Allowance And Chore Payments From Multiple Parents

Mom and Dad Allowance Jars

In the FamZoo system, allowance is always delivered to kids from the primary funding card. There can only be one primary funding card in a family.

That poses a challenge for split family situations in which both parents want to provide separate allowance payments.

Here’s a solution that uses Auto Debits to have one parent automatically pay back the other.

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One Year Into Using FamZoo: An Honest Review From Regular Parents

I opened up iTunes today to perform my periodic check on FamZoo reviews.

My mind was blown by “ReggaeGeek” — a dad with two kids 12 and 14.

He left the most epic review ever. So epic in fact, that I couldn’t include the whole thing on our kind words page without crowding out the others. So, I’m sharing the full review text here.

Sure, it’s highly complimentary, so you could dismiss this post as a shameless self-promotion. But ReggaeGeek’s review is also comprehensive, instructive, real, and — for us — insanely motivating.

ReggaeGeek’s personal FamZoo story describes precisely the positive outcome we’re striving to facilitate. Reading it motivates us to double down and work harder to replicate his experience in more and more families.

And, no, I have no idea who ReggaeGeek is. That’s what makes his story particularly gratifying.

So, if you want to see how some “regular parents” used FamZoo to transform their kids’ money behaviors in ways that were nothing short of “incredible” (ReggaeGeek’s words, not mine), read on. There are some priceless tips in here that you may want to adopt in your own household.

Without further ado, here’s ReggaeGeek’s review extracted verbatim from iTunes (aside from a little formatting and spellcheck):