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This Engaging Allowance App Will Have Your Children Eager to Complete Chores
by Julia Hartman
Updated: March 19, 2021
Originally Published: April 13, 2018
Are you looking for innovative ways to teach your children about money management? In today’s digital age, screen time can be transformed into an opportunity for learning. While parents have traditionally used allowances to instill the principles of hard work and financial responsibility, simply handing out cash doesn’t cut it anymore. Thankfully, there’s a modern solution.
Introducing BusyKid, a groundbreaking app that revolutionizes the traditional allowance system. This platform allows children to receive their chore payments through direct deposit, offering them an array of contemporary financial management tools. From saving their earnings to donating to charitable causes or even investing in stocks, BusyKid makes financial literacy accessible and engaging.
With BusyKid, children receive a prepaid debit card linked to their allowance, enabling them to make purchases in-store or online. In a world increasingly moving towards cashless transactions, it’s important for kids to learn this skill early on. So why not start their education now?
Parents can easily manage the app via a dedicated portal, where they can add various chores—everything from folding laundry to unloading the dishwasher, and even additional payments for academic achievements. The app lets parents set payday dates, approve completed chores, and monitor how and when their children are spending their money.
On the child’s side of the app, they can check off completed chores, count down to payday, and allocate funds into categories like “spend,” “save,” and “give.” They can also purchase gift cards to their favorite stores, donate to charities, or even explore stock investments.
This approach to budgeting transforms money management into a fun and engaging experience, making it not just educational but also enjoyable. If only there were something similar for adults! Given that children are often glued to their devices, using an app like BusyKid allows parents to impart essential life lessons in a way that’s relatable to their kids. It’s a win-win situation for everyone involved.
For just $14.95 per family per year, BusyKid can be accessed on any device, be it desktop, Android, or iPhone. This innovative tool is a great way to equip your children with the skills they’ll need in the future.
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In summary, BusyKid is not just an allowance app; it’s a comprehensive financial education tool that prepares children for their financial future in an engaging way.