Editor Reviews

The Homey app serves as a valuable tool for parents to educate their children about money management. It offers various features that allow parents to assign chores and goals, monitor allowances and rewards, track IOUs, and establish savings goals with jars. Through Homey, parents can compensate their children for completing household chores and instill the significance of contributing to the family.

One great feature of Homey is that it assists children in learning about saving money and working towards their future goals. It educates them on the significance of patience in obtaining desired items and being accountable with their finances. What's even better is that parents have the option to either deposit their child's allowance and earnings directly into their bank account or keep a record as an IOU and provide cash payment. This allows parents to demonstrate how banking operates, enable their child to earn interest on their savings, and ensure that their money remains safe.

As a Homey Premium or Homey Unlimited subscriber, you can access some great benefits! This includes linking your bank account to the app for easy transfers to your child's savings account. You also have the option to create multiple saving jars for each child, manage their wallet by adding or withdrawing money, and customize permissions. The app is available for a monthly fee of $4.99 or a yearly fee of $49.99. If you decide to cancel your subscription or free trial, you can do so at any time by accessing the subscription settings in your Google Play Store app.

In short, Homey is a fantastic app designed for parents looking to educate their children about money management and financial responsibility. It offers various useful features that allow parents to establish goals and tasks for their kids, monitor allowances and extra money, track IOUs, and create savings goals with virtual jars. Through Homey, parents can teach their children about banking, delayed gratification, and wise financial decisions while ensuring their money is kept safe.

Features

A chore chart for children to manage their money, with the aim of saving, spending, and donating.