Getting Started with Your Prepaid Card Family Pack

So, you’ve heard about FamZoo’s “family pack” of prepaid cards. You love the story:

• Multiple linked cards for one low fee.
• Instant, free transfers between parent and child (sub-)accounts.
• Safe purchasing/donation power for kids.
• Lots of visibility and control for parents.
• Online and mobile access for each family member.
• Tons of built-in family finance tools that teach kids fiscal responsibility.
• No risk of running up debt.

You’re ready to take the plunge (and you meet the eligibility requirements), but you’d like to see exactly what the ordering experience looks like before you commit.

This post is for you. Prefer watching to reading? Watch this video instead.

The High Level Steps

The high level steps are simple:

1. Order your cards.
2. Activate your cards.
3. Set up your “bank” rules for allowance, chores, extra jobs, parent-paid interest, etc.

I describe each step in more detail below. And, to top it off, I include a slide show at the end with comprehensive screen shots so you know exactly what to expect.

The American Dream vs. The Me Dream: Family Finance Picks #75

“Life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”

That’s a definition of the American Dream supplied by James Truslow Adams in 1931. The American Dream is the common thread running through this week’s family finance picks. Read on to delve into these deep family finance questions:

• Are today’s 20 somethings engaged in the American Dream or the Me Dream?
• How do we encourage the spirit of entrepreneurialism in our kids that is so central to the notion of the American Dream?
• Is our society even equipping kids with the basic financial capabilities required to participate in the American Dream?

How to Install FamZoo Mobile on Your Android Device

The FamZoo mobile user interface works great on Android phones. In fact, I use it every day on my Samsung Galaxy S4. The trick is getting things set up so you can conveniently launch FamZoo with one tap from your home screen. You see, unfortunately, we don’t have a FamZoo app in the Google Play Store just yet, so you’ll want to follow this one-time recipe to “install” FamZoo on your Droid.

The Quick Recipe

The high level recipe is simple and consists of these three steps:

1. Sign into FamZoo on your mobile browser.
2. Create a bookmark.
3. Add the bookmark as a shortcut to your home screen.