Managing Multi-Generational Finances with Zeta: The Ultimate Family Banking Solution
August 30th, 2024 | 7 minutes
When my partner and I first started using Zeta, it was mostly to track our household budget. But as my parents began needing more financial help, I realized Zeta could simplify our lives even further. Here's how it works for us: we have two accounts under one household. One is the account my partner and I use, and the other is a co-owned family account with my parents. With a single Zeta+ subscription, we manage both seamlessly.
How Multiple Family Accounts Work Under One Household
Zeta allows us to have up to 4 accounts under one household. I have one account with my partner where we handle our bills, savings, and groceries. The second account is with my parents to manage their Social Security, medical expenses, and daily costs. The beauty? It’s all linked under one Zeta+ subscription, so managing the transfer of funds and expenses between these accounts is effortless. No more switching apps or juggling spreadsheets.
Easily Manage Social Security Payments and Track Expenses
My parents’ Social Security payments are automatically deposited into our co-owned account, and I can Automation+ seamlessly allocates funds to bills and medical expenses without any manual work. Zeta+ does the heavy lifting—automating transfers and ensuring everything gets paid on time. Plus, I’ve categorized their spending, so it’s easy to keep an eye on medical costs and personal expenses, all in real-time.
Automate Your Household’s Budget
With Zeta+, our family budget is automatically calculated based on our combined income, and my parents social security payments, across both accounts. This feature makes it easy to ensure that both our family and my parents are covered, without having to tweak things every month.
Zeta has been the perfect solution for managing finances across generations, keeping everything in one place while making sure we stay on budget. It’s not just for couples—Zeta can handle multi-generational households with ease, helping families like mine take care of each other, financially stress-free.
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1Zeta is a financial technology company, not a bank. Banking services provided by Piermont Bank; Member FDIC. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate of $250,000 per depositor. The Zeta Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted.
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