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Latest Mentions

2019

  • 10/16/2019Mint Life
    Essential Money Skills Your Kid Needs to Know
    “Bill Dwight, the creator of award-winning family finance app FamZoo, suggested that teens should start accepting responsibility for some of the bills around the house. Taking care of their portion of the cell phone bill, for example, can give them some practice on what it means to stay on budget. Even a small bill like $15 - $20 a month depending on how much they use and their income can teach them about everyday costs and how to allocate their bills. And if you feel bad about charging them, you can always accept their payment and then stash it away in a high yield savings account. When they graduate high school, they now have some extra savings they can use.”
  • 10/15/2019Centsai
    The 4 Best Money Apps for Kids
    “If there were a good, smart guy who should win the ‘money apps for kids’ contest, Dwight would win first prize. .. There is a behavioral component that FamZoo has particularly invested in above and beyond other money apps for kids. It even has a lengthy blog full of practical tips and suggestions culled over 12 years of passionately embracing financial literacy solutions. A slick-looking debit card may be cool, but after that, it’s what’s behind it that matters.”
  • 10/14/2019Money Prodigy
    How to teach Your Teenager Financial Responsibility? Do This, Not That.
    “There is one [app] in particular that has the kinds of features that would appeal to both you and your teen. It’s called FamZoo, and it’s a robust family money management app that gives your teenager access to a prepaid debit card...It makes managing money as a family — with allowances and chore commissions — as well as a teenager, easier.”
  • 10/11/2019Business Insider
    14 parents explain how they give their kids allowance, from ‘salaries’ to points systems
    “FamZoo is a GENIUS solution for kids/allowances (summary: loaded debit cards for kids)! We pay our kids $1/per their age each week. I.e. our 16-year-old gets $16/week IF he completes his chores (and FamZoo allows him to check off each responsibility as he does them so we know he earned the money...then FamZoo releases the money from my FamZoo debit card to his flawlessly!). It’s SO easy to designate the allowance to different spend/save/give accounts. This system is AWESOME and you HAVE to look into it as it’s made our lives soooo much easier!”
  • 10/10/2019Budgets Are Sexy
    14 Wildly Different Allowance Strategies
    “I’ve known Bill Dwight, the founder of FamZoo, for many years now and I can attest that he’s a SUPER genuine guy and really pours his heart into this project that he’s tested year after year with his own 1/2 dozen kids ;) Really great guy and cool system...”
  • 10/10/2019Metro
    Prepaid cards: The best solution for young adults and anyone without a bank account
    “The Best Prepaid Cards for Young Adults: Famzoo Prepaid Card. This card is good and allows parents to lock or unlock the card, giving them some extra control. Balance can be transferred between cards, and there is no charge for reloads. It is one of the few prepaid cards which allow ATM withdrawals.”
  • 10/9/2019Wallet Hacks
    FamZoo Review: Prepaid Cards to Help Teach Kids Financial Responsibility
    “We asked Bill Dwight why he founded FamZoo and he said ‘Many years ago, I was looking for a hands-on way to teach our kids the fundamental life skill of personal finance. Schools communicated concepts, if they even offered money management at all, but couldn't offer the day-to-day experience with real money. Financial institutions offered adult-centric products that lacked the educational component, weren't designed for families, and relied on fees that penalized inexperienced consumers. I built FamZoo to fill those gaps for parents. Our offering has put family and and youth financial literacy first from day one.’ ”
  • 10/3/2019Business Insider
    I’ve more than doubled my kids’ allowance up to $150 a month, and I’m happy to do it
    “Giving them more control over their spending will prepare them for life with money. My goal is to make sure I never have to dole out extra money to them once the month starts. It will take time for this to happen but I’m happy to start here and now. To facilitate this allowance approach, we use a combination of cash and prepaid debit cards (for purchases my kids need to make online.) You can choose any number of prepaid cards that work for kids like CapitalOne, GreenDot, or FamZoo, which we use.”
  • 09/30/2019NBC News
    Should your child receive an allowance?
    “Bill Dwight got so serious about educating his 5 children about finance he founded FamZoo, developed an app and prepaid cash cards that handle allowance deposits and withdrawals. ‘My objective was to help parents teach their kids the basics of personal finance,’ Dwight explains.”
  • 09/30/2019National Bank of Mom
    How I streamline my son’s allowance, interest and recurring payments
    “He gets an allowance — a percentage goes to his FamZoo card and the rest to his savings... What’s the moral here? Make your kid’s allowance as simple and easy to execute as possible. Wherever you can set up an automated process — do it. And heck, do the same for your own finances, too.”
  • 09/20/2019Yahoo Lifestyle
    A Parents’ Guide to Teaching Teens About Money
    “Some great options for money management apps for kids: FamZoo — an app that acts as a sort of online chore board for kids, complete with an option to pay their allowance.”
  • 09/16/2019Marriage, Kids, and Money
    5 Ways Parents Can Help Their Kids Graduate College Without Student Loans
    “For the last few years, we’ve developed a chore and reward program for our kids. They get up every Saturday morning and they complete three kid-sized, yet important chores around the house.

    Right now, we’re doing this process with cash, but as the kids get older, we’ll look at online debit-card based systems like FamZoo. This will help us and them to keep better track of their money in this fast-paced digital world.”

  • 08/30/2019Payments Journal
    What Age Should Young People Manage Their Finances?
    “Banks can introduce digital tools to simulate how adult finances work. For example, there could be a feature that allows parents to track and manage a “chores for allowance” system — prepaid card provider FamZoo offers such a feature.”
  • 08/01/2019Forbes
    Want To Teach Your Young Child About Finance? Here Are Five Simple Activities To Get You Started.
    “Budgeting with Pre-Paid Cards...is a great activity to do with your child before they start earning money through an allowance or odd jobs, to introduce the concept of budgeting. Next time you are on a trip with your child (or a concert, amusement park, or any special occasion where you would probably buy them a memento) help them budget by purchasing a prepaid card for them. FamZoo is a great example; it’s geared towards kids and provides valuable money management tools as well. Using a prepaid card teaches kids they have a limited amount of money, so they should make smart decisions. It’s also a good introduction to the digital money world of apps and banking.”
  • 07/26/2019Fortune
    Debit Cards for Kids? What You Need to Know About the Newest Offerings
    “Greenlight is not the only kid-oriented card out there. There is Current (current.com), which has expanded from teen banking into adult checking accounts; FamZoo (FamZoo.com), a longtime player in the space with cardholders in all 50 states; and gohenry (gohenry.com), a U.K.-launched product that has recently been making inroads in the U.S.”
  • 07/15/2019Girls Love Blue Too
    Seriously!? Debit Cards for Kids? — A FamZoo Review
    “Teaching girls money management, math, compound interest, and how to budget and save is so important! I especially love the option for them to put money towards charity as well. This gives great opportunities to teach them that even when we don’t have a lot, we still help others!”
  • 07/15/2019Part-Time Money
    Teaching Kids About Money [The Complete Guide]
    “FamZoo is a virtual family bank that teaches kids giving, saving and spending principles... The app provides for a collaborative budgeting environment and the money can be managed virtually, allowing parents to pay the kids real money outside of the app based on earnings and what they accumulate in their account. Or you can link FamZoo prepaid debit cards to your account which can be funded right through FamZoo.”
  • 07/08/2019Forbes
    9 Family Apps to Manage Allowance and Chores
    “FamZoo can be for families who don’t want to give their kids bank accounts. Instead, parents can transfer money to reloadable debit cards, giving them even more control over the money that leaves their checking account. They can also use the debit card to give their children money outside of allowance, such as lunch money.”
  • 07/08/2019Nerd Wallet
    7 Best Prepaid Debit Cards
    “FamZoo is a family-friendly prepaid MasterCard that lets parents become virtual bankers for their kids, even those younger than 13. Four cards can be part of one monthly plan, but more can be added for a one-time $2 fee per card. From the website or app, you can send allowances, split payments, see balances and activity across all cards and set up text and email alerts.”
  • 07/05/2019Well Kept Wallet
    Famzoo Review: Is It Worth it to Teach Kids About Money?
    “The Bottom Line: FamZoo is one of the better ways to teach kids about money in the digital age.”
  • 06/24/2019Bankrate
    Tips For Teaching Your Kids About Credit Cards
    “FamZoo offers prepaid cards that allow teens to practice using a card while parents have full visibility and control over spending.”
  • 06/17/2019Overdraft Apps
    Prepaid Debit Cards for Minors
    “FamZoo offers prepaid debit cards for kids of any age, even those younger than 13 years old. The cards issued for under 13s are ‘on behalf of’ cards where the parent is the legal card owner.”
  • 05/29/2019Monterey Herald
    Steven Merrell, Financial Planning: Teaching kids about money
    “I encourage you to look at three apps: Greenlight, GoHenry and FamZoo. Each of these apps allows parents and kids to track and pay for chores as well as teach many important financial principles.”
  • 05/28/2019The Wall Street Journal
    How Kids’ Allowance Works in the Smartphone Age
    “FamZoo: Parents can keep track of what they owe their children for doing chores and pay them in cash. Or parents can use the service to load money onto prepaid cards for their kids to spend.”
  • 05/22/2019Intuit Mint Life
    Getting Your Kid A Debit Card? This Is What You Need To Know
    “Another way to educate your children about finances is to give your child a debit card. With prepaid debit cards designed for kids offered by Greenlight and FamZoo, as well as a handful of credit card networks, you can get a card for your kid of any age.
  • 05/14/2019Intuit Mint Life
    Top Games and Apps That Will Help Your Kid Learn About Money
    “A highly rated and reviewed platform that’s designed for kids of all ages, FamZoo has two major features: prepaid cards, and a robust family finance app. Parents can assign chores and tasks to their kids, and designate rewards. Kids, in turn, can set up different saving accounts based on goals and what’s important to them. Kids can also split up their earnings. A further incentive to save for the kids? Parents can decide to boost savings by paying an ‘interest rate.’ With the prepaid card, parents control the accounts and decide on the money rules. Family members can move money among the accounts, and set up alerts. You can also track and reimburse family members for expenses.”
  • 04/12/2019Stacking Benjamins
    Living on $500k a Year and Struggling (plus the Retirement Budget Calculator)
    “I thank you Joe. You gave me a great tip last time I had you on our show which was to use FamZoo for envelope budgeting. I use the Retirement Budget Calculator to organize my budget, but I use FamZoo instead of putting cash in envelopes. Now, because of you, I’m using that tool with prepaid debit cards, and I love that, man. I just think that’s a great way to do envelope budgeting using those two tools in combination.”
  • 04/11/2019Steemhunt
    FamZoo Family Finance: Award Winning Kids’ Financial Education App And Much More
    “When it comes to managing finances, most of us fail. OR even if you are one of those who are very good at it, you’d still want your kids to be able to be responsible and start managing their finances in a seamless way without the involvement of your nagging. Luckily, FamZoo App does the magic for you.”
  • 04/10/2019USA Today
    Can prepaid debit cards for kids make them smarter about money?
    “The sweet spot for when it is appropriate to give kids their card tends to be around the time between middle and high school, says Bill Dwight, the founder of FamZoo.com, which combines a prepaid card with a family finance app. Both FamZoo and Greenlight encourage a kid to save through a parent-paid interest rate feature.”
  • 04/08/2019Money Prodigy
    What’s the Best App for Tracking Chores and Allowance? Allowance Apps for Kids
    “This award-winning, family finance app packs quite the punch. In fact, it’s called a Virtual Family Bank, and I can see why.”
  • 04/06/2019DoughRoller
    FamZoo: An Online Tool to Teach Kids About Money
    “You won’t find any animals at this zoo but you will find a wildly innovative way to teach your kids about money and personal finance. Here’s how to turn your little cubs into little bankers.”
  • 04/04/2019Overdraft Apps
    Prepaid Debit Cards for Kids
    “Have a couple of kids you want to give debit cards to and want to pay as little as possible? FamZoo is your best choice.”
  • 03/27/2019The Frugal Toad
    Prepaid Cards for Teens — Is it A Good Idea?
    “I recommend using an App like FamZoo which allows parents to supervise the families finances. All of the families prepaid cards are linked to the parent’s account, which serves as the funding source. Parents can easily monitor their child’s spending activity, setup categories to track spending and savings goals, schedule automatic pay for allowances and chores, deduct IOU's and even create incentives to reward saving and spending goals.”
  • 03/25/2019HuffPost
    6 Money Apps Teens Can Use To Manage Their Spending
    “You can use it to work as a high-tech allowance system: You set chores for your kids to do, and assuming they follow through and do them, you release money to their accounts. You can get them prepaid cards. You can see the transactions your teen is making, and you can load money on the cards anytime.”
  • 03/25/2019Into Another World
    Teaching Our Kids To Not Spend More Money Than They Have
    “Not all children get an allowance but one of the reasons we began giving Jase and Lexie one is to teach them about money. They need to learn about saving and not spending more than you have/make. Each week, they get a small amount put on their FamZoo debt card.”
  • 03/12/2019Credit Card Insider
    3 Ways to Get Credit Cards for Teenagers — Plus Our Favorite Strategy
    “Here’s a suggested timeline for kickstarting your teen’s personal finance education. Tweens (11–13): Sign up for a prepaid card to teach her about budgeting without cash...try a tool like FamZoo, which sells prepaid cards controlled by a mobile app.”
  • 03/12/2019Centsai
    Dear Girl Scout Mom: Step Back and Let Your Daughter Shine
    “[Let] your daughter use money apps for kids. For example, FamZoo offers both a family finance app and prepaid debit cards that you and your kids can use.”
  • 02/11/2019Investopedia
    Find the Best Credit Cards for Teens
    “Introduce tweens to a debit card, either prepaid or connected to a bank account (their own). One interesting variant on this idea is FamZoo, a virtual family bank: All of the family’s prepaid debit cards are connected to the parents’ card, which is the funding source for the other cards. Mom and Dad can supervise all the activity on the kids’ cards, automate pay for chores and allowances, deduct expenses, and even pay interest on savings. The system is designed to teach kids how to budget, save and use plastic responsibly.”
  • 02/11/2019Prepaid Cards 123
    Best Prepaid Debit Cards for Teens and Students (2019)
    “The features of the FamZoo prepaid card show a thoughtful approach to the money-management needs of families with teens. The FamZoo card offers educational tools to help teens develop good habits. Those features, along with its low cost, are why it tops our list of the Best Prepaid Cards for Teens.”
  • 01/30/2019The Balance
    The 7 Best Debit Cards for Teens in 2019
    “Best Overall: FamZoo Prepaid Debit Card... For parents who want to start building responsibility, the card can be tied to jobs and chores.”
  • 01/28/2019U.S. News & World Report
    How to Teach Kids to Use Credit Cards Responsibly
    “When kids become tweens or teens, consider introducing them to a debit card or a prepaid credit card to build a foundation of understanding before moving on to supervised credit card use... Several programs, including GreenLight, FamZoo and Current, offer debit or prepaid cards with parental controls for tracking spending or setting limits.”
  • 01/26/2019Ed’s Big Adventure
    Allowances can be Financial Dynamite for your family. FamZoo will help you get there.
    “The hot new bank in town is the Bank of Dad. I pay a 7% interest rate on all savings. I’d recommend going higher, if you can, but we have limited means. This solves the problem of motivation, but not the critical issue of automation. Any system must be simple, and ideally, automated. Enter FamZoo, the app that has permanently solved our issues around kids and money. It wasn’t until discovering FamZoo that I became re-energized to provide an allowance, facilitate a financial education, etc.”
  • 01/25/2019Midwest Miser
    Raising Kids That Understand Money
    “So far we have set up FamZoo to have 50% go into spending, 25% into Charity and 25% into Saving. We set up their chores to alert them on their iPad. This way they can be alerted without me nagging or having any expectations. The first alert my daughter received was to mop the floor and voila! I’m super excited to have this automated, the biggest issue we have had is forgetting to give them money on the first of the month AND when we are at the store and they want something, we don’t know how much is in their piggy bank and/or we forget to deduct it from their piggy when they get home.”
  • 01/22/2019Your Teen
    Give Them Credit: Finding the Right Credit Card for Teens
    “Prepaid cards are ideal for younger teens or those who need some extra practice managing their spending habits before having access to their own credit card. Options for prepaid cards include Greenlight and FamZoo, both of which enable parents to manage spending and provide opportunities for teaching financial literacy.”
  • 01/18/2019The College Investor
    FamZoo Review: Virtual Family Bank To Help Teach Your Kids
    “Financial goals like saving and budgeting are easily visualized with attractive graphics so your kids immediately get the big picture of their finances. This helps them with their financial decision-making. Your bank’s checking account may not have this feature. On top of these, because FamZoo was started by a dad, the company has a ‘family feel’ to it and they offer excellent customer service. They even have a private online community where you can ask questions and interact with other parents working to teach their kids important money lessons.”
  • 01/11/2019Wise Dime
    New “Piggy Bank” Apps Teach Children to Handle Money
    “New applications such as ... FamZoo offer new opportunities for parents to foster financial responsibility from a young age. These are not ‘piggy banks’ in the traditional sense, however. In the modern world, cash transactions are slowly being phased out in favor of digital transactions. To survive in the new financial ecosystem, education is key in raising a financially literate generation.”

2018

  • 12/15/2018Liaden Orchard
    Teaching Money Management — Part 3: FamZoo Review
    “As I discussed in my last post, Superman and I set up a tube bank system for the boys to track their earnings. This was a very clunky system and sometimes they would be paid, other times it would be months between paydays. When we did pay them, we had to count it all out and do the math manually. I also had a hard time keeping track of the interest for each of the savings and charity accounts since I didn’t pay them on a regular basis. We have now entered into the era of FamZoo. It does everything I wanted it to do!”
  • 12/08/201850ish with a Full Nest
    Teens, Tech, and Money: Gaining Control of Those Mystery Charges
    “We needed another way to handle our kids’ purchases that:
    • Didn’t require us to enter a password every time a child wanted to buy something
    • Tracked how much money each child had, incorporating both deposits and expenses
    • Made it clear who bought what and how much it cost (and deducted that amount from their virtual ‘account’)
    • Allowed us to ‘shut off the spigot’ by removing our credit cards from the kids’ spending options
    After a lot of research, we decided to go with FamZoo.”
  • 12/07/2018Lifewire
    The 8 Best Budget and Money Management Apps of 2018
    “More than just an app, FamZoo issues prepaid cards that parents can put money on for kids from allowance, payment for chores, and other sources. Parents can then use the cards and the app to help kids learn about smart money management and set up separate accounts for spending, saving, and giving.

    Kids learn about the connection between money and work, how to give each dollar a ‘job,’ how to create and work toward savings goals, and even how to earn interest or pay back a loan from Mom or Dad.”

  • 12/06/2018Overdraft Apps
    Prepaid Debit Cards for Minors
    “Famzoo offers prepaid debit cards for kids of any age, even those younger than 13 years old. The cards issued for under 13s are ‘on behalf of’ cards where the parent is the legal card owner.”
  • 11/21/2018Fortune Favors the Bold — The Official Mastercard Podcast
    Financial Literacy: Money Lessons for a Digital World
    “The new money training doesn’t just take place in the classroom. Bill Dwight is another innovator thinking about meeting kids where they’re at. This time, it’s in their own homes on their smartphones. Bill says that while he understands why parents first instinct is to teach kids the value of a dollar with an actual physical dollar, in the long run, this might be doing their kids a disservice. ‘That’s not how people are transacting any more. That’s not how the kids today transact. That’s not how they’re going to transact as adults.’ So he created FamZoo. It’s a tool that shows kids how to budget, save, and pay back loans by making sure their money has a purpose.”
  • 11/20/2018The FI Way
    Best Financial Literacy Games, Apps, and Tools for Kids and Teens
    “FamZoo utilizes prepaid cards and a family finance app for virtual banking designed to teach teens about earning, saving, and spending wisely.”
  • 11/15/2018Ms. Fiology
    Tips on Teaching Kids About Money
    “My boss uses an application called FamZoo...he is using it to teach his boys about money management. Apparently, when he tells his boys it is FamZoo time, they are engaged. I’ve checked out their site and it seems like a pretty cool product.”
  • 11/12/2018Associated Press
    Pocket Money Apps Aim To Help Kids In Cashless World
    “For kids growing up in today’s cashless society, the piggy bank is going virtual. Current , gohenry and others such as Britain’s Nimbl and Osper , Australia’s Spriggy and FamZoo and Greenlight of the U.S. operate on similar principles. They typically charge a monthly or annual fee for prepaid debit cards. Parents can load money from their bank onto their own account, set weekly allowance amounts and spending limits, list chores to earn extra money, and block certain types of transactions, like online shopping.”
  • 11/11/2018CIO Applications
    TextMarks: Market Leader in SMS API and Cloud Integrations
    “FamZoo is another one of my favorites. It’s a personalized banking system that parents use to teach kids how to handle money, manage allowances and track chores. This is a very important service because, as we all know, poor financial literacy makes life difficult for many Americans. Teaching financial literacy early on, especially before bad habits are formed, can help mitigate that.”
  • 11/06/2018CapitalOne
    How to Handle Allowance for Kids
    “FamZoo is more advanced. With it, parents can load prepaid cards with cash and then add weekly allowances, chore payments or other funds. The kids can then use the app to track their balance. Parents can even set up interest rates and other incentives to save.”
  • 11/01/2018Wellness Mama Podcast
    197: The Opposite of Being Spoiled: Raising Financially Responsible Kids With Ron Lieber
    [27:02] “ There are apps like ... FamZoo that allow you to move money over into an app based account where you can press buttons in an app and actually move money from your checking account to a prepaid debit debit card the kids can walk around with. It’s a good way to check off what chores are done and keep track of what they’re spending and where they’re spending it. That way, you’re not constantly running to the ATM to break twenties into fives and ones. So that’s a good way to handle it logistically.”
  • 10/23/2018WorthyNest
    5 Ways to Teach Your Children Well
    “If you want to take budgeting concepts digitally, consider FamZoo. They offer prepaid cards and a family finance app for kids, teens, and parents.”
  • 10/05/2018New York Times
    Children’s Allowances in a New Form: Debit Cards Linked to Parents’ Phones
    “The cards can offer a learning experience as long as parents don’t go into ‘helicopter’ mode and overdo their control, said Bill Dwight, founder of FamZoo, a longtime family finance and budgeting program that added a debit card to its menu several years ago.

    The idea is to let children make spending mistakes, with guardrails to prevent disasters, Mr. Dwight said. ‘If you nag the kid about every transaction,’ he said, the child may tune you out.”

  • 09/12/2018Couple Money
    Beyond Allowances: Teaching Your Kids to Save and Invest Money Wisely
    “Bill and his team have created a fantastic tool for families over at FamZoo. It’s truly a family banking system that’s easy to use.”
  • 09/02/2018Go Banking Rates
    12 Brilliant Ways to Get Your Teen’s Money to Make Money
    “Dwight automates his interest payments through FamZoo. For $5.99 a month or $60 for two years, families can get prepaid debit cards that are linked to a primary card that is loaded with money by a parent. The parents can then use the app to transfer money to their kids’ cards and pay interest on balances on cards designated for savings.”
  • 08/30/2018National Bank of Mom
    Budgeting for Christmas Gifts
    “Kids can totally learn to save for Christmas gifts and purchase them by themselves. I’ve found that it makes J feel good to save the money, think of thoughtful gifts, make the purchase and wrap gifts on his own. Because we’re using FamZoo cards now, we decided to utilize both the budget and additional account features for J’s yearly Christmas gifts list.”
  • 08/29/2018Nerd Wallet
    Best Prepaid Debit Cards 2018
    “FamZoo is a family-friendly prepaid Mastercard that lets parents become virtual bankers for their kids, even those younger than 13. From the website or app, you can send allowances, split payments, see balances and activity across all cards and set up text and email alerts.”
  • 08/28/2018Fatherly
    The 5 Best Apps For Teaching Kids How to Manage Their Money
    “...ripe with features, including the ability to reward for odd jobs, penalize for missed work, and even match contributions like a tiny 401k. It also works across all devices and connects everybody in the family...”
  • 08/28/2018The Guardian
    Teaching Kids to Save, Share and Spend
    “Nowadays, smartphone apps such as ... FamZoo ... are available to help parents digitize the allowance in order to teach children about the value of money.”
  • 08/18/2018CentSai
    Financial Awareness Counseling: What You Need to Know
    “The best thing to do to make sure your child is on the right path is to get them involved with financing early on. FamZoo’s financial education is a great way to get finances discussed from the start!”
  • 08/10/2018National Bank of Mom
    Making the Transition from Cash to Card
    “FamZoo offers prepaid cards to teach kids about money. Me looking for cards, check. Me wanting to teach [my son] about money, check.”
  • 08/02/2018Kiplinger
    My 10 Best Financial Literacy Apps for Kids
    “[FamZoo] allows older kids to take more responsibility for their own personal (real-life) spending. The goal is to understand how money works, how to budget and how to save.”
  • 08/01/2018The Art of Allowance
    How Much Allowance Should I Give My 12-Year-Old?
    “You’ll be increasing her total allowance amount substantially to accommodate for these new areas of control. The additional responsibilities of clothes, communication, gifts and food all belong in the Spend Smart domain. This time is a good one to consider using a digital allowance like the options offered via FamZoo.”
  • 07/27/2018DoughRoller
    Best Prepaid Cards for Traveling
    “The primary goal of FamZoo is to teach kids about money and save time for busy families. But the product works great for traveling, especially with the family. FamZoo allows you to assign parent and child roles within the system of cards provided to you. This enables you as the parent to control the accounts and the money rules within them. This would be a nice feature if you wanted to send your kids off to go shopping while on vacation but wanted to limit their spending.

    This might be my favorite prepaid card system. It’s more than just a prepaid card. It’s an entire financial ecosystem bottled up into a nice little package.”

  • 07/20/2018WealthFit
    Credit Cards for Kids: How to Jump-Start Your Kid’s Credit Score
    “If you are wanting to keep the training wheels on, there is an outstanding alternative to credit cards for kids under 18. The FamZoo prepaid card is a strong choice because parents and children have access to the same account. There are different protection features, plus you can lock or unlock the card and even connect its use to various chores. This card is sure to kick off many important conversations related to kid money and financial literacy.’s situation.”
  • 07/12/2018Make Use Of
    The 10 Best Educational Apps for Kids on Every School Subject
    Best Finance App for Kids: FamZoo. Another glaring omission from the core curriculum is finance and money management. It’s never too early to establish the basics of saving with your kids, and you can introduce more complex financial principles as they get older. FamZoo is the solution. It acts as a centralized, parent-run bank for kids. You can assign monetary values to chores, add pocket money to kids’ accounts, instigate financial penalties, and pay interest.”
  • 07/11/2018Couple Money
    Cheap and Fun Summer Activities for Kids
    “Fantastic solution for families. We not only use it to handle allowances but track our oldest’s progress for her big savings goals. You can customize it to your family’s situation.”
  • 06/22/2018Stacking Benjamins
    5 Fun Ways To Teach Kids About Money
    “Know someone who needs some help breaking down basic finance for the kiddos? You’re in luck because today we’re talking kids and money. Joining us today, from the National Bank of Mom, is our new friend Maggie. and back for another round, from FamZoo, we welcome Bill Dwight. And rounding out our roundtable, from ConnieAlbers.com, we welcome Connie Albers.”
  • 06/14/2018Well Kept Wallet
    5 Best Debit Cards and Prepaid Cards for Kids
    “The FamZoo prepaid cards were set up for the sole purpose of helping kids learn good money management skills.”
  • 06/03/2018Biz Kid$ Money Talk
    Understanding Mommy’s Credit Card
    “FamZoo is a virtual online bank for families and kids that facilitates cash-free allowance, loans, expense sharing, and even matching contributions.”
  • 05/29/2018Q101.9 Radio
    Apps To Help Your Children Learn Financial Skills
    “Using pre-paid debit cards, parents set up a bank account for their kids that records their savings, spending and giving choices.”
  • 05/23/2018CBS DFW
    App Helping Children Learn About Finances & Get Work Done
    “There are other apps on the market like the RoosterMoney , PennyOwl and FamZoo. They all promise to help kids manage and save money. ”
  • 05/11/2018NextGen Personal Finance
    NGPF 2018 Summit: FinTech Panel with RaiseMe, FamZoo and Stockpile
    “As educators, we know how challenging it can be to keep up with all of the innovation occurring in the financial sector. To help make sense of it all, we invited Namrata Ganatra from Stockpile, Bill Dwight from FamZoo and Thea Lee from RaiseMe to this panel moderated by NGPF’s own Jessica Endlich. You will learn about their innovative products which help students manage their spending, start investing and earn micro-scholarships. You will also hear how these products leverage the latest behavioral finance research to nudge consumers to make better money decisions.”
  • 05/10/2018Make Use Of
    The Best PayPal Alternatives for Teenagers Under 18
    “One of the coolest ways to manage a number of child accounts in a single family management platform is FamZoo. Famzoo is like Bluebird on steroids. It offers everything the American Express Bluebird account offers, including a prepaid card for each child. However what it lacks are most of the fees you’ll find when you sign up for student accounts with any of the big banks. The best feature here is the automation.”
  • 05/08/2018The Globe and Mail: Carrick on Money
    How a ‘fail chart’ can help your kids learn about money
    “I have seen a lot of guides for parents on teaching kids about money, but none like the one the FamZoo Family Finance blog published recently. The 30 tips are divided into sections for earning money, spending, saving, giving and investing. The level of detail and originality is A+ stuff.”
  • 05/08/2018Zen Parenting Radio
    How To Raise An Adult (Part 1)
    “[FamZoo’s] whole mission is to increase the financial intelligence of ourselves and our children. The debit cards are set up so you can start getting your kids to understand proper financial management.”
  • 05/08/2018Women Who Money
    How Can I Help My Teenager Understand Big Loans?
    “Parents can also use virtual family banks like FamZoo to create loans to their kids. Parents set the interest rate and terms of the loan. Kids see their loan balance, and principal and interest payments in the FamZoo app which makes it a very real experience for them!”
  • 04/21/2018The Balance
    The 7 Best Debit Cards for Teens to Get in 2018
    “Best Overall: FamZoo Prepaid Debit Card... For parents who want to start building responsibility, the card can be tied to jobs and chores.”
  • 04/13/2018Money Under 30
    Parents Giving Kids Credit Cards — The Good, The Bad, And The Ugly
    “FamZoo teaches kids about budgeting and how to allocate their money toward their needs. Parents reward responsible spending by increasing how much interest their kids earn. They can even set up savings goals for the child to reach.”
  • 04/12/2018Women Who Money
    What Money Games And Activities Are Best For Teens?
    This tool helps busy parents teach their children about money in the most realistic setting possible — daily family life!”
  • 04/09/2018Marriage, Kids and Money
    How to Raise Financially Savvy Kids — with Bill Dwight (VIDEO)
    “Bill Dwight, the Founder and CEO of FamZoo, discusses how we can raise money smart kids. We review starting a Roth IRA for kids, the importance of giving and how to get your kids started with saving early.”
  • 04/05/2018Columbus Underground
    The Science of Saving: Help Your Child Prepare for their Financial Future
    “FamZoo is another great app that keeps track of your child’s allowance, chores, goals and more.”
  • 03/26/2018NextGen Personal Finance
    Digging Deeper: Saving and Investing — it’s Simple but not Easy
    “FamZoo takes doling out weekly allowance to a whole new (digital) level! Parents have complete visibility to their kids’ activities and can establish a wide assortment of spending and savings mechanisms (like paying interest or matching savings), all of which teach the kids the value of money, the value of savings, and how to manage it all...the lifelong financial lessons are “priceless.” Check out FB customer reviews here.”
  • 03/20/2018Forbes
    Family Apps For Saving Money And Having Fun
    “FamZoo is the family budget template that helps you manage your kids’ funds in IOU and prepaid card accounts.”
  • 03/14/2018The Balance
    The 7 Best Prepaid Debit Cards to Apply for in 2018
    “Best for Kids: FamZoo Prepaid Debit Card. FamZoo makes it easy for parents to teach kids how to manage electronic money with far less risk of fees than with a traditional checking account.”
  • 03/03/2018Popcorn Finance
    America Saves Week — Day 6 — Save as a Family
    “Listen to my conversation with Bill Dwight from FamZoo.com in episode 043 as he explains the Family 401k in 5 Easy Steps.”
  • 02/19/2018Into Another World
    Getting My Kids Their Own Debit Cards
    “After weighing the pros and cons of each card and reading reviews for each program, we decided to go with FamZoo.”
  • 02/15/2018Guyvorce
    Teaching Your Kids About Money
    “FamZoo offers lots of features for a variety of ages making it an awesome program that grows with your kids.”
  • 02/13/2018The Art of Allowance
    The Breakthrough Allowance: Starting a More Substantial Allowance to Help You Raise Money-Smart Tweens and Teens
    “The additional responsibilities of clothes, communication, gifts and food all belong in the Spend Smart domain. This time is a good one to consider using a digital allowance like the options offered via FamZoo.”
  • 02/11/2018Popcorn Finance
    Episode 043: The Family 401k with Bill Dwight
    “Bill Dwight from FamZoo.com sat with me to discuss how he’s using a traditional retirement account in an unconventional way to help his kids save for retirement.”
  • 01/29/2018Cool Mom Tech
    7 Free Budget Apps To Keep Your Family (And Your Money) On Track In 2018
    “It’s not only a real-life budgeting tool, but an educational one. You can set up family budget accounts (and allowance accounts for kids) so every family member can get an understanding of how the household is run, financially-speaking.”
  • 01/18/2018Prepaid Cards 123
    A Review of the FamZoo Prepaid Card
    “The big draw of the FamZoo prepaid card is that it offers tools that help parents to give their kids a financial education in real time.”
  • 01/17/2018Making Your Money Matter
    The 5 Essential Tools I Used To Increase My Net Worth By 21% In 2017
    “The reasons I chose FamZoo are similar to the reasons I use YNAB: it provides the most customization options, is goal-based, and simple to use. Basically, I’ve stopped buying all discretionary items for my kids and made them use their own money instead. This has saved me and helped them learn at the same time. ”
  • 01/11/2018The Frugal Girl
    How we do allowance with FamZoo
    “Back in 2014, I wrote a guest post for Mint about children’s allowances. After that I got an email from the guy who founded FamZoo.com, a service that makes allowances easier. I was intrigued, so I signed up, and we’ve been paying customers ever since.”
  • 01/09/2018FOX5 New York
    Teaching Your Kids To Manage Money With Apps
    “We’ve used FamZoo as a tool in our family to help [our daughter] track her goals.”
  • 01/04/2018USA Today
    Allowance Apps: Piggy Banks Become A Thing Of The Past
    “Apps like FamZoo let parents distribute kids allowance by a digital means. Some even allow parents to set interest rates on kids’ savings to reward them for putting a little extra away. Some apps allow parents to loan kids money so they can get a taste of what debt feels like — helping kids build good habits before they’re thrown out into the real world.”
  • 01/04/2018CNBC
    Here’s How Much The Typical Kid Gets In Allowance Each Year
    “Apps like FamZoo offer ways to digitize the allowance and induct children into the economy, which itself is becoming increasingly virtual... ‘We’re trying to teach kids basic principles like compound interest,’ Dwight said.”

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