Homey - Chores and Allowance

Homey - Chores and Allowance is designed to teach children financial literacy through the completion of chores while working towards financial goals. This app facilitates the setup of daily, weekly, or monthly chores for the entire family, distinguishing between responsibilities without monetary compensation and paid tasks or jobs. Users can manage allowances and extra rewards for each child and have the option to transfer allowances directly to a bank account in the US, keeping track of IOUs and fund management through an integrated wallet system.

Financial Responsibility and Savings Management

With Homey - Chores and Allowance, children learn financial responsibility by transferring their earnings into savings jars with specific goals. This feature encourages them to manage funds for various objectives, fostering an understanding of delayed gratification and the need to exert more effort to achieve bigger rewards. By syncing across all household devices, Homey - Chores and Allowance ensures a seamless experience for managing these financial activities among family members.

Real-World Banking Skills

The app provides practical experience in real-world banking, allowing for the transfer of allowances directly into savings or checking accounts. This process assists children in learning about interest accumulation and ensures their money remains secure. The tracking of allowances as IOUs further enhances their financial knowledge, supporting the development of essential banking skills.

Premium Features for Enhanced Learning

Subscribing to Homey - Chores and Allowance Premium or Homey Unlimited grants access to advanced features, including secure connections to bank accounts for direct allowance deposits, multiple saving jars for each child, wallet adjustments, and customizable permissions. These features aim to deepen financial skills and understanding, making Homey - Chores and Allowance a comprehensive tool for household financial education.