FamilyMint takes security seriously and our number one desire is to keep your kids and their information private and safe. All of your family’s information is accessible only by you. You will never have outsiders sending unsolicited messages to your children.
We use state-of-the-art encryption as well as security-hardened and firewall-protected servers.
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Why is FamilyMint free? How do you plan to make money?
We’ll be introducing a Pro version in the near future that will carry a monthly or annual fee. Our goal is to keep the base product free and charge for value added features.
Concepts you need to know
FamilyMint is great for kids 6-16. Here are some key concepts you need to know to use FamilyMint effectively:
Kids log in themselves and manage their own money within FamilyMint. From deposits, withdraws, and transfers, to working towards goals they can create themselves, FamilyMint is meant to be a place for children to learn by doing.
To you and your kids, this is REAL MONEY in FamilyMint. They manage, you approve. Every dollar in the bank is a real dollar that you owe your kids. You are a real bank to them.
In essence, when they hand you cash (i.e. when they make a “Deposit”), they are giving you a loan and you are in debt to them and need to pay back that debt when they ask for it (just like your bank would for you).
To anyone outside your family, this is VIRTUAL MONEY. Nobody can hack in and steal anything because FamilyMint is just a tracking system.
FamilyMint is… a mixture between a personal money management tool (such as Quicken) and an online bank. There is a period of time that things can be changed, and after that they are firm (like an online bank). You can always see a complete history of what changed.
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Are you affiliated with franklinmint.com, themint.org, mint.com, or usmint.gov?
No. The word mint means a “place where money is produced”. Because we exist to help improve financial literacy of kids within the family setting, we think FamilyMint is a great summary of what we’re all about.