FamilyMint – Review

As part of the Mosaic Review team I was given the opportunity to review the Money Management Certification Program created by FamilyMint. It is an amazing money management program designed for kids. It comes in two parts, a workbook that is designed for kids age 10 and up and an online application designed for kids ages 6 to 14 with some help from parents.



The workbook is divided into four chapters that include, Tracking Your Money, Goal Setting, Budgeting, and Interest. Our favorite chapter of the workbook was definitely Tracking Your Money. Most kids seem to think money grows on trees and my little one was no exception. She has always been great at saving her money, in fact she saved over $350 to take with her to Disney World last year, but she thinks I can just slide my card even when I say we don’t have money for something she wants. That first chapter really helped her to realize that you have to have money to spend it. I love how the workbook is written in easy to understand language and my little one enjoyed all of the fun money facts sprinkled throughout the book. The workbook if full of real world examples that help money to make sense. My little one is in fourth grade and did require a little bit of help with some of the math but other than that, she was able to learn a lot on her own.

This is a page where she learned about checks and deposit slips.

The online application is basically a simulation of online banking. You can put in the amount of money that is started with, and then you can make deposits and withdrawals as you add to or spend your money. In doing that the child should always know how much money they have. It has a place to set saving goals, and it will do all of the calculations for you to let you know how much money you need to save each week to get to your goal. We found the online application to be very easy to use. We also played around with it and learned how saving even a dollar more a week could get you to your goal faster. After using the application as it was designed to be used, we decided to use the online portion a little differently. We are using it as a family vacation fund tracker. We put in each of the things we want to do while on our next vacation ( to Disney of course) in as a goal. Then as we get extra money set aside we can see how much closer we are to our goal. It has been nice to see that those few dollars here and there really can add up.

Overall I really liked this product. I feel it is easy to do and the kids will be learning in an enjoyable manner. I agree with the age recommendation for the workbook, but honestly feel anyone could benefit from the online portion even some adults. The only down side I saw was that the computer portion was online. Even though my little one could use it by herself, I don’t allow her on the Internet by herself. I wish that there was an offline CD version available instead. That being said we still enjoyed it very much and will continue to use it. If you are looking for an easy way to teach money management to your kids or you need a refresher yourself I recommend you try this.

You can choose one of three options when purchasing the program. My recommendation would be to get the bundle offer. I think if you have kids that are ten or older they would really benefit from the workbook. Don’t miss the opportunity to get the premium application for life and the workbook for only $5 more than the price of an annual subscription.

Here are your options….

1. Special Introductory Bundle Offer!
You get the Money Management Certification Program workbook plus a LIFETIME subscription to the FamilyMint Premium application for only $29.99 2. PREMIUM online application subscription only – Annual $24.99 or Monthly $4.95

3. FREE online application only – which includes a 14-day trial of FamilyMint Premium

Even if you don’t get the premium version right now I would try the free version you really have nothing to loose.
 

Product at a Glance

 

What is it?

A money management program for kids.
 

Who is it for?

The workbook is for kids 10 and up the online application is for kids 6-14.
 

Where can I get it?

Order it at

How much will it cost?

The best value is $29.99 but other options are available.
 

Why this product?

It is fun and easy for kids to use and it will help them to learn about money management at a young age.