Chores & Allowance Simplified

BusyKid is the new and easy way for you to get your children busy around the house and closer to being financially smarter.
BusyKid introduces children to chores and allowance in order to develop strong character and prepare them for a lifetime of financial decisions.
For only $12 a year your children can earn, save, share and invest real allowance.



How it Works

sign up
Sign up

Easily create a family account.

set chores
Set Chores

Pick or create chores.

work
Work

Kids click off finished chores.

earn
Earn

Each Friday is payday!

decide
Decide

Kids decide how to budget their money.

approve
Approve

Easy parent approval via text messages.

In The News

"Findings from the Junior Achievement-Jackson Children’s Financial Literacy Survey revealed that 33% of youngsters haven’t been taught how to get or earn money."

Consumers Affairs

2017-04-24T17:16:06+00:00

Consumers Affairs

"Findings from the Junior Achievement-Jackson Children’s Financial Literacy Survey revealed that 33% of youngsters haven’t been taught how to get or earn money."
"Designed to take the effort out of convincing your children to run errands, BusyKid is a new online tool to help you keep track of family chores and to reward your offspring on a job well done"

Inquirer.net

2017-04-18T00:41:50+00:00

Inquirer.net

"Designed to take the effort out of convincing your children to run errands, BusyKid is a new online tool to help you keep track of family chores and to reward your offspring on a job well done"
"A poll of 500 elementary school-aged children and their parents revealed that 41% of children had not been taught how to spend money. Additionally, nearly half (47%) had not learned how to give money to help people."

Consumers Affairs

2017-04-24T17:17:05+00:00

Consumers Affairs

"A poll of 500 elementary school-aged children and their parents revealed that 41% of children had not been taught how to spend money. Additionally, nearly half (47%) had not learned how to give money to help people."
"More than 80% of survey respondents who pay an allowance say they want to teach their child the value of money and financial responsibility."

Wall Street Journal

2017-04-16T01:54:32+00:00

Wall Street Journal

"More than 80% of survey respondents who pay an allowance say they want to teach their child the value of money and financial responsibility."
"According to a study on Millennials, between 1975 and 2016, the number of young female "homemakers" dropped from 43% to 14%."

USA Today

2017-04-20T16:40:47+00:00

USA Today

"According to a study on Millennials, between 1975 and 2016, the number of young female "homemakers" dropped from 43% to 14%."
"1 in 3 young Americans (Millennials) lives with a parent or parents. Of those, 1 in 4 does not work or go to school."

USA Today

2017-04-20T16:41:55+00:00

USA Today

"1 in 3 young Americans (Millennials) lives with a parent or parents. Of those, 1 in 4 does not work or go to school."
"Some 68% of U.S. parents say they pay an allowance to their children, at an average rate of $67.80 per month, according to a 2016 survey of 1,005 adults by the American Institute of CPAs."

Wall Street Journal

2017-04-16T01:40:30+00:00

Wall Street Journal

"Some 68% of U.S. parents say they pay an allowance to their children, at an average rate of $67.80 per month, according to a 2016 survey of 1,005 adults by the American Institute of CPAs."
"41% of young families (Millennials) had a student debt in 2013, up from 17% in 1989 and the amount owed on those loans has almost tripled."

USA Today

2017-04-20T16:44:05+00:00

USA Today

"41% of young families (Millennials) had a student debt in 2013, up from 17% in 1989 and the amount owed on those loans has almost tripled."

Allowance Simplified


save
Save

Kids can watch their savings grow.

invest
Invest

Kids buy real stock in companies they love.

spend
Spend

Kids can buy or use gift cards from 250 outlets.

security
Security

BusyKid has bank level security built in.

FDIC Insured
FDIC-Insured

Funds are held in a FDIC-Insured bank account.

Charities Kids Can Support

FAQ

Just about everything. While BusyKid stays in line with basic chore charts, we have spent nearly a year building a modern platform that can be used on every mobile device. BusyKid is also the very first system that pays real allowance directly from parents and lets children decide how to save, share, spend or invest.
Yes. BusyKid allows a child to complete chores/activities for real allowance. No more points, IOU’s, stickers or cartoon characters. Children learn best by doing, so finishing chores and activities for allowance teaches children many valuable lessons they will need to know as adults.
Yes. Through advanced technology, BusyKid links your bank account to our platform in order to make paying allowance simple. No more converting points or trying to figure out how much to pay each child. BusyKid does it all for you!
There are three options – Cash Out, Gift Cards or Stock. To Cash Out, your child just presses the “cash out” button and money moves back to the parent account. Then the parent provides the cash due or makes a purchase for the child. To buy a Gift Card, the child selects the company and put in the amount to be placed on the card. The bought card will be stored in the “My Cards” area of the “Spend” page. To buy Stock, your child will do the same as buying a gift card. The stock will be kept in the “My Stock” area of the “Save” page.
Yes. Your child is buying fractional shares of real stock which can increase or decrease in value. Your child will also be able to sell this stock (with parental approval) when the time is right.
No. When your child selects the stock to be purchased, a parent will be asked to open a custodial account through our partner Stockpile. It’s also important to remember that there are small fees ($2.99) for each transaction.
It’s really up to the parent. We have preset the percentages, but you can change them by pressing the “Edit Allocation Settings” on your child’s page in the parent portal.
Everyone likes to be rewarded for a job well done. So we have provided parents, grandparents or anyone else the opportunity to give a cash bonus to a child who goes above and beyond. A “Bonus” is a one-time payment for doing better than expected. Because a “Bonus” is outside the normal allowance window, it might take a day or two before it shows up in the child account.
Yes. Through the parent portal, just pick a child and press the “Add Chores” button. It’s a very simple process. You can also delete a chore or activity, by selecting it and pressing delete when prompted.
All chores and activities start in the “Daily” position, but you can make them “Once” or “Weekly”. If you pick “Once” or “Weekly”, you’ll need to select the actual days.
Recent U.S. studies show that parents are paying an average of $65 a month for completed chores. However, you should set up a schedule and allowance which fits your family lifestyle and budget.
Each chore or activity already has a recommended allowance based upon the age of your child. However, you can change this amount at anytime by simply deleting the preset amount showing and inserting a new amount.
Yes. However, we have made paying your children allowance extremely simple. For your child, it’s basically direct deposit – another term they will need to know later as adults.
We have removed the guesswork from assigning chores by recommending plenty by age. As your child gets older, new chores and activities will be automatically uploaded. It’s also easy to add your own chores or activities inside the parent portal.