FamilyMint » Tour

Personalization

admin — Sat, 24 Oct 2009 14:15:06 +0000

Pictures can be selected or uploaded for each child and each goal, making the system truly unique to your family.

Versatile, Interactive and Fun for Kids

admin — Sat, 24 Oct 2009 14:14:26 +0000

Kids can choose between two different views:

The Junior View is perfect for younger kids. It is interactive, fun, and focused on making complex concepts simple. Kids will love how easy it is to track their money, set goals, and move their money around. If you take advantage of the automated allowance and interest payment features, they get to see those payments appear and grow. They can also track their gift cards received.

The Advanced View is designed for more mature kids and looks just like the parent format. Kids have access to a robust set of features that allows them to manage their money, taking responsibility for goals, budgeting and tracking progress. There’s no better way to visually learn the benefits of saving in a way that mirrors real life.

Pictures can be selected or uploaded for each child and each goal, making the system truly unique to your family.

Easy to use for Parents “Bankers”

admin — Sat, 24 Oct 2009 14:13:50 +0000

Everything you need in one place. Everything is managed from only two screens, so set up is simple and quick. A combined view of multiple children is presented on your home page or click on a child’s picture to access their individual account.

Understanding what your children wish to save for and how they are saving and spending allows parents an ideal opportunity for “teachable moments,” made much easier with colorful, visual graphics to illustrate important points.

Automated Interest

admin — Sat, 24 Oct 2009 14:12:35 +0000

Interest can be a powerful motivator as it allows the child to see their savings working for them. Since you are the banker, you can help them appreciate their money by setting a truly motivating rate for each child (can’t do that at a bank!)

Automated Allowance

admin — Sat, 24 Oct 2009 14:11:54 +0000

Allowance is a weekly or monthly ritual in many households, but managing payments can be a real chore. With FamilyMint, set it up once and deposits are made automatically into each child’s account.

Transactions

admin — Sat, 24 Oct 2009 14:10:32 +0000

See where money came from and where it went and easily move money between accounts.

Savings Plan

Bob — Sat, 24 Oct 2009 14:09:25 +0000

In simple terms, the Savings Plan is an electronic envelope system that teaches basic budgeting, a skill that is critical throughout life. The FamilyMint Savings Plan allows you or your kids to automatically distribute deposits into multiple accounts according to percentages they define.

Matching Deposits

admin — Sat, 24 Oct 2009 14:08:05 +0000

Incentivize kids who are saving for specific things, like college or a car, by automatically matching a percentage of their contributions towards these goals. For example, match every dollar your child saves towards their college goal. A “matched” goal like this is also “locked”, so your child can only take money out of this account after you, the banker, agree they’ve reached their goal.

Locking Goals

Bob — Sat, 24 Oct 2009 14:07:00 +0000

FamilyMint provides the ability to lock goals that you’d prefer your children didn’t touch. When a goal is locked, money can be deposited into it, but not withdrawn or transferred. Kind of like your own retirement account, this feature is great for long-term savings goals like cars, college, charitable causes, etc.

FamilyMint provides the ability to lock goals that you’d prefer your children didn’t touch. When a goal is locked, money can be deposited into it, but not withdrawn or transferred. Kind of like your own retirement account, this feature is great for long-term savings goals like cars, college, charitable causes, etc.

Goals

admin — Sat, 24 Oct 2009 14:06:56 +0000

Like us, kids have a lot more ideas on what to buy than money to spend. Kids can set up as many goals as they want and easily move money around to prioritize what is most important to them.

FamilyMint goals are based on the SMART goal principle. Goals that are;

Specific

Measurable

Attainable

wRitten

Timely