Goalsetter review quick take: A saving, spending, investing, and gifting platform that gets kids excited to learn about personal finance while managing their own money.
What is Goalsetter?
Goalsetter is a financial literacy and savings app designed specifically for families. The app combines educational content with practical savings, spending, and investing tools.
The company aims to make financial literacy fun and accessible, helping children and teenagers develop healthy money habits from a young age.
Goalsetter is a financial technology company, not a bank. Banking services are provided by Webster Bank, N.A., Member FDIC.
Get started and open an account for your child.
How Goalsetter Works
Goalsetter allows parents and guardians to set up savings accounts for their children. The app integrates various products such as:
- 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.
- Earning: Children can earn rewards for completing educational quizzes about financial topics, reinforcing their learning while saving.
- Investing: Learn both the principles of Investing and the practice of investing. You can open custodial accounts for minors where parents approve their kid’s trades.
- GoalCards: Give a gift card of real money towards a child’s savings goals.
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 full control over the accounts and monitor spending and savings activities.
- Brokerage Account: This self-directed brokerage account is for adults and minors and only requires $1 to get started. It is only available for Goalsetter Gold subscriptions.
Pricing & Fees
Currently offering a 30-day free trial.
- Goalsetter: $3.95 per month
- Goalsetter Gold: $5.95 per month
Who is it best for?
Goalsetter is best for families with children and teenagers who understand the importance of financial education and practical money experience.
Get started with a 30-day free trial.
Our Goalsetter Review
Goalsetter 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.
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.
In researching Goalsetter reviews, we learned it has a 4.2 out of 5 rating in the App Store with over 1,500 reviews, with users stating the app is easy to use and the features helpful.
How to Start with Saving with Goalsetter
Minimum Requirements
- Must be 18+ years old (if a minor must have a parent open an account for you).
Step-by-Step to Open a Goalsetter Account
The time needed: 5 minutes.
- Getting started
- Click “Get Started” to open an account, or click this link.
- Sign Up
- Parents or guardians create an account and set up a profile for each child.
- Set Savings Goals
- Each child can set their own savings goals.
- Link Bank Account
- Parents can link their existing bank accounts for transfers and contributions.
Goalsetter Alternatives
Goalsetter alternatives include Famzoo, a virtual family bank that combines financial education with hands-on money management.
by Cindy
I really like this app! My kids enjoy it too.