BusyKid (busykid.com) is an easy way to keep track of your child’s chores and give them allowance at the same time. The money app and debit card teaches your child how to manage their money with their variety of tools offered in the app.
BusyKid Features
BusyKid is an app and debit card that teaches your children how to manage their money before they head into the real world. With the app, they are motivated to perform household chores by getting an allowance sent to them. From there, kids have the option to spend their funds, support a charity, invest in stocks, or save for a rainy day.
(Click the button above to learn more about this app)
If you need some assistance in figuring out what chore to assign your child, the app will recommend some based on their age. Value and frequency can be customized. You can also choose to set up a regular allowance deposit, or provide one-time payments when chores are completed. Other notable features include:
- BusyKid Prepaid Visa Spend Card to give your kid the freedom to spend anywhere Visa is accepted. You’ll get to see every transaction they make.
- Parental approval to load funds to the debit card.
- Send one-time bonuses for when your child goes above and beyond.
- Match your kid’s savings up to 100% of any new money they save each week.
- BusyPay lets family and friends send money directly to your child’s BusyKid account by easily scanning a QR code or visiting a URL.
- Allows multiple parent users per child account.
To keep your account safe, BusyKid uses bank-level security and funds are insured by the FDIC.
BusyKid Fees
BusyKid charges $3.99 per month for their services. This includes access to the app and up to five debit cards. If you choose to pay annually, you’ll save 20%. Plus, if you’re not satisfied, there’s a 30-day money-back guarantee.
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Bottom Line
BusyKid is an all-in-one chore app and Visa Debit Card that teaches your child how to manage their money early on, so they can become an expert at earning, spending, saving, sharing, and investing from an early age.
(Click the button above to learn more about this app)
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