FAQ
Frequently Asked Questions
Common questions about MoneyMe.kids and how it works for families.
General
What is MoneyMe.kids?
MoneyMe.kids is a parent-controlled virtual family ledger. Parents track virtual balances for their kids, set interest and allowance rules, and approve withdrawal requests. With Premium, kids see their money grow in a simple app. Kids need no email address or password.
Is MoneyMe.kids a real bank account?
No. MoneyMe.kids is not a bank, payment app, wallet, brokerage, or real-money account. It only tracks virtual balances that parents control. Parents are responsible for any real money outside MoneyMe.kids.
Does MoneyMe.kids move real money?
No. MoneyMe.kids never holds, moves, invests, or pays real money. When a kid requests a withdrawal, the parent decides whether to approve it and handles any real-world money separately.
Who is MoneyMe.kids for?
MoneyMe.kids is for parents who want to teach their kids about saving, interest, and spending decisions using a simple virtual ledger. It works best for kids ages 6-14 who are learning money basics.
Kid accounts
Do kids need an email address?
No. Kids access MoneyMe.kids through QR code pairing. With a Premium subscription, the parent generates a QR code in the parent app. The kid scans the code with the kid app. Kids need no email address or password.
Can kids spend money without parent approval?
No. Kids can only request withdrawals. Every withdrawal request goes to the parent for approval, denial, or counter-offer. The parent always decides.
Can multiple kids use MoneyMe.kids?
Yes. Parents can add unlimited kid profiles for free. With Premium, every kid can use the kid app.
Can a kid use multiple devices?
Yes. With Premium, parents can pair multiple devices to the same kid profile. Parents can also revoke device access at any time from the parent app.
Features
How does virtual interest work?
Parents set an annual percentage rate (APR) for each kid's virtual account. MoneyMe.kids calculates and posts virtual interest automatically based on the parent's settings. This teaches kids how compound interest works without involving real money.
How does allowance work?
Parents configure a recurring allowance amount and schedule (weekly, biweekly, monthly). MoneyMe.kids automatically adds the allowance to the kid's virtual balance on the scheduled days.
What are withdrawal requests?
When a kid wants to spend or withdraw money, they submit a request through the kid app. The parent receives a notification and can approve, deny, or counter the request. Approved requests are recorded in the ledger.
What are events?
Events are earning opportunities, such as chores and other activities that kids propose. Events are part of Premium when they launch. The kid proposes an activity. The parent approves the start and confirms the finish.
Privacy and safety
Does MoneyMe.kids collect kid data?
MoneyMe.kids minimizes kid data collection. We only collect what is necessary for the product to work: kid profile information, transaction history, device pairing, and notifications. We do not use analytics SDKs or crash SDKs in the mobile apps.
Does MoneyMe.kids show ads to kids?
No. MoneyMe.kids does not show ads, social features, or child-targeted upsells. The kid app is focused solely on showing the kid's virtual balance and request status.
Can I delete my family's data?
Yes. Parents can request full data export and hard deletion through MoneyMe.kids. See our Data Rights page for details.
Pricing
Is MoneyMe.kids free?
Yes. The parent app is free for unlimited kids. It includes balance tracking, interest, allowance, and full history.
What does Premium include?
Premium adds the kid app for each kid, kid withdrawal requests, and push notifications. Earning events are part of Premium when they launch. Premium is an auto-renewable App Store subscription. Select 3 months, 6 months, or 1 year. Each period starts with a one-month free trial. See our Pricing page for details.
Technical
What devices does MoneyMe.kids support?
The parent app will be available for iOS and Android. The kid app will also be available for iOS and Android. Both apps are coming soon.
Does MoneyMe.kids work offline?
Both apps support offline read-only access. You can view balances and history without an internet connection, but actions like approving requests require connectivity.
How do I contact support?
Email [email protected]. Please do not include passwords, tokens, or unnecessary child personal information in support requests.