About 5Point FAM
Welcome to 5Point Fam! 5Point Fam helps families build healthy money habits together! Kids learn by doing, with the parents guiding every step of the way, with our all-in-one, easy to use app.
From saving and spending to chores and allowances, 5Point Fam turns everyday moments into real financial lessons.
What kids can do:
- Set savings goals and move money towards them
- Watch kid-friendly videos about how banking works
- Request money from parents, with notes!
- Transfer between their own accounts
- Track chores, and notify parents when they're completed
- Send money back to parents, if they need to pay back
- Check balances and view all their transactions
What parents can do:
- Manage all their kids from one app
- Set a savings goal and track their progress
- Watch short videos with tips on talking to kids about money
- Request money from your child, even as a practice loan!
- Practice loans with monthly payments, an interest rate, due dates, and even late fees too
- Add notes when sending money or declining money requests
- Set spending limits
- Assign chores, track progress, and pay when they're done
- Freeze and unfreeze their debit card
- Check their balances and transactions in real time
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