Goalsetter / Savings, Spending and Investing App for Kids
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Goalsetter / Savings, Spending and Investing App for Kids
Goalsetter helps children save, spend, and invest through one convenient app while learning about personal finance and sound money management.
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Goalsetter / Savings, Spending...
Goalsetter review: An all-in-one money app for kids to learn, save, spend, and invest.
What is Goalsetter?
Goalsetter is a financial literacy and financial app designed specifically for families. The app offers:
- Prepaid Debit Card
- Savings
- Investing
- Earning
- GoalCards
| Name | Best For | Cost | Get Started |
|---|---|---|---|
| Goalsetter | Teaching kids and teens financial literacy through goal-based savings and a secure debit card. | $3.95 monthly | Get Started with Goalsetter |
| Goalsetter Gold | Teaching kids about investing using a custodial account for minors where parents approve trades. | $5.95 monthly | Get Started with Goalsetter Debit Card |
Goalsetter is a financial technology company, not a bank. Banking services are provided by Webster Bank, N.A., Member FDIC.
How Goalsetter App Works
Goalsetter combines educational content with practical savings, spending, and investing tools.
| Feature | Description |
|---|---|
| Cashola Prepaid Debit Card | This card allows kids to spend their savings responsibly while learning about budgeting and spending. |
| Savings | Each child can set their own savings goals, whether it’s for a new toy, a college fund, or a rainy day. |
| Investing | Learn both the principles of investing and the practice of investing. Open custodial accounts for minors where parents approve their kid’s trades. |
| Earning | Children can earn rewards for completing educational quizzes about financial topics, reinforcing their learning while saving. |
| GoalCards | Give a gift card of real money towards a child’s savings goals. |
There are two subscription options available.
Goalsetter
The app allows parents to set up a savings account and debit card for their children, integrating:
- A debit card for kids that teaches how to spend by taking financial education quizzes.
- Goal-based savings with round-ups and auto saves that kids can set up.
- Weekly budgets and spending notifications.
- Near real-time money movement with parental controls.
- Everyday tasks into financial lessons.
Goalsetter Gold
Goalsetter Advisors offers self-directed brokerage accounts for adults and custodial accounts for minors where parents approve their kid’s trades. Goalsetter Advisors, LLC d/b/a Goalsetter Gold LLC is a SEC registered investment adviser (RIA).
With Goalsetter Gold, you’ll get:
- Investment education
- Start Investing with just $1
- Invest in stocks and ETFs
- Get parental guidance
- Investment recommendations
Not sure where to invest? Answer questions to help Goalsetter understand your investment profile. The app will recommend ETF investments.
If you like the advice, follow the recommendations. If not, there’s a wide variety of stocks and ETFs for you to choose from.
Key Features
- Savings Features: Goal-based savings, round-ups, and auto-save make it easier to reach goals.
- Financial Education: The app includes engaging financial literacy quizzes and games for everyone, from kindergarteners to college students.
- Contributions: Family members and friends can contribute to a child’s savings goals.
- Allowance Automation: Parents can automate weekly or monthly allowances.
- Track Progress: Both parents and children can monitor the progress.
- Parental Controls: Parents have complete control over the accounts and monitor spending and savings activities.
- Brokerage Account: This is a self-directed account for adults and minors (available for Goalsetter Gold).
Pricing & Fees
- Goalsetter: $3.95 per month
- Goalsetter Gold: $5.95 per month
Currently offering a 30-day no-fee trial. Get started with a 30-day free trial.
Who is Goalsetter Best For?
Goalsetter is best for parents who want to teach their kids about money through practical financial experience.
How to Start with Goalsetter App
- Time needed: 5 minutes.
- Minimum requirements: Must be 18+ years old (if you’re a minor, a parent must open an account for you).
Here are the steps to get started:
- Getting started: Visit the website or click here.
- Sign Up: Parents or guardians create an account and set up a profile for each child.
- Link Bank Account: Parents can link their existing bank accounts for transfers and contributions.
- Share: Speak with your child to set their savings goals.
Our Goalsetter Review
Goalsetter app is a legitimate company and not a scam. It stands out as an excellent tool for financial literacy and savings.
The company’s engaging approach to financial education and practical savings tools make it a top choice for families.
In researching Goalsetter reviews, we learned it has a 4.3 out of 5 rating in the App Store with over 1,600 reviews, with users stating the app is easy to use and the features helpful.
What stands out? The app’s educational quizzes are age-appropriate and genuinely make learning about money fun. The Cashola prepaid debit card is a fantastic feature that teaches kids real-world money management skills.
Goalsetter Alternatives
- Acorns Early: Customizable debit card, chore tracking, money lessons, and parental controls. Get started with Acorns Early.
- FamZoo: Family banking system with prepaid cards and budgeting tools. Get started with Famzoo.
| Account Types | Custodial |
|---|
We appreciate your honest feedback. Share your real experience to help others make confident money decisions.
Cindy –
I really like this app! My kids enjoy it too.
Jason Vitug –
I’ve used Goalsetter for a few years and would send my niece cash gifts through the app. It’s convenient and a great way to teach them about saving money (what to spend and what to save for later spending).
What I’ve liked about the company is how it continues to make financial literacy fun and accessible. I do see it helping children and teenagers develop better money habits.