Busykid – why kids need this

Introduction

In today’s fast-paced world, it can be challenging for parents to keep track of their children’s chores and allowances. BusyKid is an app that offers a solution to this problem. The app not only helps parents track their children’s chores but also allows children to earn an allowance and invest in stocks. In this article, we will discuss BusyKid in detail and how it can benefit parents and children.

What is BusyKid?

BusyKid is an app that allows parents to assign chores to their children and track their progress. Parents can create a chore list and assign a value to each task. When the child completes the chore, they can mark it as done in the app. Once the parent approves the completed task, the child will receive the assigned value as an allowance. The app also offers the option to split the allowance between spending, saving, and investing.

How does BusyKid work?

To use BusyKid, parents must sign up for an account and add their children. They can then create a chore list and assign a value to each task. The app offers a variety of chores to choose from, including cleaning, pet care, and yard work. Parents can also create custom chores.

When the child completes a chore, they can mark it as done in the app. The parent will receive a notification and can approve the completed task. Once the task is approved, the child will receive the assigned value as an allowance. The app offers the option to transfer the allowance to a prepaid debit card, savings account, or investment account.

Benefits of BusyKid

BusyKid offers several benefits to both parents and children. Here are a few:

1. Teaches financial responsibility: BusyKid teaches children the value of money and the importance of saving and investing.
2. Encourages good habits: By assigning chores, parents can encourage good habits and responsibility in their children.
3. Saves time: BusyKid saves parents time by eliminating the need to keep track of chores and allowances manually.
4. Offers a variety of tasks: The app offers a variety of tasks to choose from, making it easy to assign chores that are age-appropriate and relevant to the family’s needs.
5. Provides investment options: BusyKid offers the option to invest in stocks, teaching children about the stock market and the benefits of long-term investing.

Conclusion

BusyKid is an excellent app for parents who want to teach their children about financial responsibility while encouraging good habits and saving time. The app offers a variety of tasks, investment options, and the ability to split allowances between spending, saving, and investing. By using BusyKid, parents can help their children develop lifelong skills that will benefit them in the future.