Subscription Terms

1. Subscription Overview

Simpler Budget: Monarch operates on a subscription model to provide ongoing value and support for your child's financial education journey.

What's Included in Your Subscription:

• Full access to all app features including goal setting, progress tracking, and achievement sharing
• Unlimited savings goals and financial tracking
• Secure iCloud data storage and syncing
• Regular app updates with new features and improvements
• Educational content and financial literacy tools
• Customer support via email
• No advertisements or third-party promotions

2. Subscription Plans

Available Plans:

• Monthly Subscription: $4.99/month, automatically renewed every month
• Annual Subscription: $39.99/year, automatically renewed every year (equivalent to $3.33/month)

Plan Benefits:

• Flexibility: Switch between monthly and yearly plans at any time
• Family-Friendly Pricing: One subscription covers one child profile per device
• No Hidden Fees: The subscription price includes all features - no additional in-app purchases
• Educational Value: Cost-effective compared to traditional financial literacy programs

3. Billing and Payment

Billing Details:

• Automatic Renewal: Subscriptions renew automatically unless cancelled
• Billing Date: Charged on the same date each month/year as your initial purchase
• Price Changes: You'll be notified of any price changes in advance
• Failed Payments: Apple will handle payment retry attempts and notify you of issues
• Receipts: Apple provides email receipts for all subscription charges

4. Free Trial (When Available)

We may occasionally offer free trials for new subscribers:

• Free trial periods will be clearly displayed in the App Store
• You can cancel during the trial period without being charged
• If you don't cancel, your subscription will automatically begin after the trial
• Previous subscribers may not be eligible for free trials
• Only one free trial per Apple ID account

5. Cancellation and Refunds

How to Cancel Your Subscription:

1. Open the Settings app on your iOS device
2. Tap your Apple ID at the top
3. Tap "Subscriptions"
4. Find "Simpler Budget: Monarch" and tap it
5. Tap "Cancel Subscription"

Refund Policy:

• Apple's Refund Policy Applies: All refund requests are handled by Apple, not by us
• Request Refunds: Contact Apple Support directly or use reportaproblem.apple.com
• Refund Criteria: Apple determines refund eligibility based on their policies
• Timing: Refund requests should be made promptly after the unwanted charge
• No Partial Refunds: We cannot provide partial refunds for unused portions of subscription periods

6. What Happens When You Cancel

• Access Continues: You can use the app until the end of your current billing period
• Data Preservation: Your child's financial data remains safely in iCloud
• Feature Limitation: After cancellation, some features may become limited or unavailable
• Re-subscription: You can resubscribe at any time to regain full access
• No Data Loss: Cancelling doesn't delete your child's progress or savings goals

7. Subscription Changes and Updates

Plan Modifications:

• You can upgrade from monthly to yearly at any time through your Apple ID settings
• When upgrading, you'll receive prorated credit for your current plan
• Downgrades take effect at the end of your current billing period
• We may introduce new subscription tiers in the future

Price Changes:

• We reserve the right to modify subscription prices
• Existing subscribers will be notified at least 30 days before price changes
• Price increases won't affect your current billing period
• You can cancel before price changes take effect

8. Educational Value and ROI

9. Technical Requirements

To ensure the best subscription experience:

• iOS Device: Compatible iPhone or iPad with recent iOS version
• Apple ID: Required for subscription management and payments
• iCloud: Needed for data storage and syncing across devices
• Internet Connection: Required for subscription verification and app updates

10. Business Model Transparency

We believe in being transparent about our business:

• Privacy-First Revenue: Subscriptions allow us to avoid data collection and advertising
• Sustainable Development: Recurring revenue enables ongoing app improvements
• Customer-Focused: Our revenue comes from serving families, not selling data
• Quality Commitment: Subscription model incentivizes us to continuously improve the app

11. Family Sharing

• Apple Family Sharing: If enabled, subscription may be shareable with family members
• Organizer Billing: The family organizer's payment method will be charged
• Individual Profiles: Each device still maintains one child profile
• Shared Benefits: All family members with access can use the full app features

12. Contact for Subscription Support

Our Promise: Your subscription directly supports ongoing development of privacy-focused financial education tools for children. Every dollar goes toward making Simpler Budget: Monarch better for your family while keeping your data completely private.