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Latest Mentions


  • 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.”
  • 10/14/2018Investopedia
    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.”
  • 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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