Homey - Chores and Allowance

The Homey app is a tool designed to help parents teach their children about money management. It offers a range of features that allow parents to set chores and goals for their children, manage allowances and extra money rewards, track IOUs, and set saving jars with financial goals. With Homey, parents can pay their children commissions based on the chores they do around the house and set responsibilities that are required to teach kids that everyone needs to contribute to the household. One of the key benefits of Homey is that it supports long-term goals and saving, teaching kids delayed gratification and financial responsibility by providing them with incentives that differ in value. Parents can transfer allowance and money kids earn directly to their savings or checking account or track the money as IOU and pay it out in cash. This way, parents can teach their child how banking works, they can accumulate interests on their savings, and parents can be sure that their money will stay safe. Homey Premium or Homey Unlimited subscribers can access other great features such as connecting their bank account and safely transferring allowance and chore money directly to their child's savings account, multiple saving jars for each child, adding or deducting money from the wallet, and customizable permissions. The app is available on a month-to-month or yearly basis, with a subscription fee of $4.99 per month or $49.99 per year. Users can cancel the subscription or the free trial anytime via the subscription setting through their Google Play Store app. In summary, Homey is an excellent app for parents who want to teach their children about money management and financial responsibility. It offers a range of features that allow parents to set goals and chores for their children, manage allowances and extra money rewards, track IOUs, and set saving jars with financial goals. With Homey, parents can teach their children about banking, delayed gratification, and financial responsibility, while also ensuring that their money stays safe.