Homey teaches kids the value of work and
financial responsibility through household chores. It allows parents to
assign chores and transfer allowance directly to kids bank accounts.
HomeyLabs built the app to help families track and reward chores,
something that most families use chore charts or paper notes. Each week,
kids spend on average 6.2 hours on chores and parents on average
spend $65 per month per child on allowance, translating to $780 a year.
89% of parents who give allowance require their kids to do chores for
that money. Paper chore charts and post-it notes are losing its
efficiency and given that 61% of kids age 11 now have their own smart
devices, and 57% of children now have bank accounts opened in their
name, Homey makes it easy to track both chores and payouts for parents
and children.
Besides transferring allowance, features of
the app include setting goals - short, medium and long term - that kids
can work towards by doing chores. Goals can be allowance, extra money,
new toys kids wish for, products or activities. Homey shows them their
progress and reminds them of their goals, so they stay motivated to keep
working towards them. To start the conversation about appropriate goals
Homey allows kids to add items to their wishlist. Parents can then
approve those wishes if they decide and set the values for them - so
kids realize how long they'll need to work to earn those things.
There's also the chore management system
that's at the heart of Homey. It allows parents to decide whether a
chore is a responsibility kids won't get paid for or a job that leads to
money or other rewards. Parents can assign chores to the whole family
(even for themselves, so they don't forget), set recurrence, due times,
pictures and values. Parents can also give older or more responsible
kids the option to add their own chores or even add chores for them -
kids can then use Homey to let their parents know the lightbulb in their
bathroom needs changing or they'll need shirts ironed before next
Wednesday.
Homeylabs was founded by Saso Pompe, a
developer and economist, and Sanja Zepan, a communicologist. Homey team
participated in Start Co accelerator in Memphis and have managed to grow
their user base to more than 35.000 users across the US.
Additional information available on www.homeyapp.net and info@homeyapp.net.
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