I was given the opportunity to try out a new product on the market called The Zillionaire recently and I wanted to share it with you all!
About the Product
The Zillionaire makes money management and allowance maintenance fun and easy for everyone. It enables users to set up customized savings programs (up to 3 different accounts), view your balance in any bank at anytime, set up deposit and allowance reminders, create passwords and more!
Getting one’s finances in order is at the top of most parents’ lists. So why not show kids how to become fiscally responsible with a fun-to-use money management tool? Summit™ Toy, known for developing innovative, creative toys with a learning twist, is introducing the newest addition to the popular Zillionz line: the ZILLIONAIRE™ personal savings machine.
The Zillionaire walks parents and kids through easy setup with on-screen guidelines. Parents can create three different accounts per child, one account for three separate kids, or specialized accounts for the whole family. To help busy parents foster their child’s financial acumen, the Zillionaire includes an allowance reminder feature.
“Kids of all ages take tremendous pride in saving up their own money,” explains Melvin Wells, Vice President of Sales. “The Zillionaire makes money management and allowance maintenance fun and easy for kids and parents.”
This state-of-the-art interactive and customizable personal savings machine encourages and helps young money managers to handle money matters and set financial goals while having fun! With a push of a button, kids can set up a customized savings program, create a personal password, view their savings balance, and set up deposit reminders in pursuit of a particular financial goal. The bill and coin slots accept real money, making it easy for kids to make deposits and pump up their bottom line.
Designed for kids five years and up, the Zillionaire will be exclusively available at Toys R Us fall 2010. Approximate retail price is $49.99. For more information about Zillionz and Summit Toys, visit www.summittoy.com.
My Take on the Product
Questions?Drop me a line at [email protected]
This is a great product! I am interested in how big this is, and I am going to look it up at the Toys R Us site. My daughter is 14 and she needs it, not that I don’t . I have never seen anything else like it. I like the electronics on it, my daughter loves anything gadgety. By the way, I found your blog today when I was looking for something else, and I found it by its name and I think it is a great name, Dad of Divas. I just had to check it out. It is nice to see that a dad is so proud of his girls to create a website out of that pride. You have a nice blog here and I will check in from time to time and pass it along.
Take Care,
Jen
Hey Jen… this is about 1.5 feet across and about 8-10 incles high, so not too large in general. It is a novel idea though, and we are still enjoying playing with this. A 14 year old could really make this work well for them and it would mean more to them than with my girls that are simply enjoying putting the money in it!
Dad of Divas – I bought the zillionaire bank for my three children. I love the concept; however, I cannot make a withdrawal. When we press withdrawal it asks us if we want to reset or keep the data and then it starts over. It’s very frustrating! I’m wondering if we have a lemon or if you experienced anything like this yourself?
I have to say that Mine worked for a while as well, and then I started to have problems like you mentioned. Now, mine does not completely record my deposits the right way either. I am inquiring with the PR firm to look into this further as I don’t know if it is a software issue, or what it may be…
Did you ever find out what the problem was? My son got this bank for Christmas worked great now he can’t withdrawal any money either just says keep data or reset data. We have tried everything including resetting back to factory settings.
You know I have not…we were able to reset it back to the original defaults and it has continued to work…. so sorry!
I really love your blog design, where can I get a similar cool design? Can you recommend anybody that will make a unique design for me for a fair price?
Do you use twitter so I can follow you? It would be great to be informed about the newest post on this blog.
It’s a piece of junk. Touchscreen no longer works. Cannot make a withdrawal. I’m getting out a butter knife. Wasted money. Better to teach your kids how to keep a checkbook register and simply put the money in a mason jar. Stupid gimmicky plastic junk.
We just bought one for our 3 boys. We struggled through the set up. (not easy as they say) We set up all 3 passwords and parent password. Then found out our password we set didn’t register the way we put it in and had to start the whole thing over. Then after all the reset pain, had the kids bring in their money and were so excited…That is until someone had a bill…the bill screen stayed on and would not return to the first screen not allowing another child to put their money in. Then we found out one of the dollar slots wasn’t registering at all!!! We can turn the machine over and money falls out… What is the purpose of being a bank and having a code if you can take the money by turning it over. I agree this product is a piece of junk. I should have just bought the plastic crayon banks. Where is good old American made products? These cheep products from out of the country are really getting on my nerves!!!
It is nice to hear that you are talking about money savings. Today’s because it is very important that we know how to handle this can of problem.
Loved the idea, as you did, but the product screen blanked out after a few months of use, making it impossible to use. The programming is horrible and the quality of the parts is pretty bad. Hope you are still having a good time with yours.