Homey is an innovative app designed to help parents teach children about money management through completing chores and working toward financial goals. It allows families to assign tasks, track allowances, and encourage saving habits in a structured and educational way.
Key Features:
- Set daily, weekly, or monthly chores, either recurring or one-time, for the whole family.
- Differentiate between unpaid responsibilities and paid tasks to teach the value of earning.
- Manage allowances and extra monetary rewards for each child.
- Transfer allowance directly to a bank account (available in the US).
- Track IOUs and add or remove funds from a digital wallet.
- Create saving jars with specific financial goals to encourage targeted saving.
- Help kids learn to allocate and manage funds for different objectives.
- Sync data across all household devices for seamless usage.
Subscription Tiers:
Homey offers premium plans with enhanced features:
- Homey Premium and Homey Unlimited provide access to bank account linking for direct transfers (US only), multiple saving jars per child, wallet adjustments, and customizable permissions.
- Monthly subscription: $4.99
- Yearly subscription: $49.99
Subscription Details:
- Payments are charged via Google Play upon confirmation.
- Subscriptions auto-renew unless canceled at least 24 hours before the current period ends.
- Free trials convert to paid subscriptions if not canceled 24 hours prior to the trial ending.
- Users can manage or cancel subscriptions through Google Play Store settings.
For more information, refer to the Terms and Conditions on the Homey website.
