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Review of virtual family bank, FamZoo

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NY Times had a short piece on FamZoo, a virtual family bank.

The site allows families to set up “Bank Parents” using virtual savings and spending accounts to help kids learn and understand about money.  Parents can even link checklists to allowances to assure kids are pulling their weight for chores.

There is some nifty functionality that integrates a mobile offering, as well.  Check out the video above.  The site has a free trial right now, moving to a premium version of $5.99/mo shortly after.

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