Everything must evolve to survive. With technology advancing our world, this is certainly true of today’s modern families and the companies in which service them.
In January of 2011, a father of six was looking for a solution to the problem – how to keep track of his kids chore responsibilities, reward a weekly allowance and teach them the basic financial principles surrounding earning, saving, sharing and spending money wisely. Out of this necessity My Job Chart was born and immediately became one of the most popular family tools to help parents teach their children about work ethic and managing money.
Nearly six years later and evolution was knocking on the door. Technology advanced enough to allow a car to drive itself, a private message to automatically disappear in seconds and money move from account to account over any mobile device. Technology evolved, families evolved, and so, My Job Chart had to evolve.
Welcome to BusyKid, the first online chore chart where kids can earn, save, share, spend and invest real allowance wisely. BusyKid replaces My Job Chart though it uses a similar platform that promotes work ethic, responsibility, accountability and smart money management. BusyKid is much easier to use, more robust and allows kids to receive a real weekly allowance from their parents as quickly as parents can answer a text message.
BusyKid was created to help parents prepare their children avoid the possible tragic results from limited financial education, poor work ethic and lack of hands-on experience making financial decisions.
You wouldn’t allow your children to drive a car alone without knowing how, would you? Of course not! The result could be tragic. Well, our children growing up without a proper financial education and poor work ethic is producing results just as tragic.
Our children are not prepared to face the thousands of financial decisions ahead of them and it’s now up to parents to make sure their children are capable to earn, save, share and invest wisely.
The best demonstration of how poorly our children are taught basic finance comes from a recent study by Champlain College’s Center for Financial Literacy. The study graded all 50 states and the District of Columbia on their efforts to teach the ABC’s of financial literacy to high school students. Grading on an A to F scale, it handed out A’s to only 5 states, B’s to 20 states, C’s to 11 states, D’s to 3 states and F’s to 12 states. This means that more than half (54%) of the high school students in the US (8.1 million) are receiving little to no financial education during their high school career. Are your children (or will your children) take personal finance classes before graduating high school?
On an international financial literacy test of 15-year-olds, the U.S. ranked ninth behind China, the Czech Republic, Poland and Latvia, and was statistically tied with Russia.
The Facts Speak For Themselves:
– 89% of parents say tying allowance to chores is good training for the real world
– 88% of parents say chores make kids more responsible
– 92% of parents say their kids are more disciplined when doing chores
– 24% of Millennials (ages 18 to 34) surveyed could answer four out of five questions correctly in a financial literacy quiz. By comparison, 48% of Baby Boomers (born between 1946 and 1962) were able to answer four out of five of these quiz questions correctly.
Gregg Murset, Co-Founder & CEO
The inventor of My Job Chart and father of six, Gregg is a Certified Financial Planner and consultant who has become a leading advocate for sound parenting, child accountability and financial literacy. For more than 20 years, Gregg has led a very successful personal insurance and financial services practice. A graduate of Arizona State University with a degree in finance, he has also earned multiple professional designations in his industry including CFP® – Certified Financial Planner, ChFC- Chartered Financial Consultant, CLU- Chartered Life Underwriter and REBC- Registered Employee Benefits Consultant.
In 2014, he was named Chairman of 2014 “Smart Money Week” for the state of Arizona, as well as, the National Financial Educators Council Financial Education Instructor of the Year. A firm believer that financial education should be a priority in our schools, Gregg has conducted hundreds of media interviews pushing inclusion or parental involvement. Gregg also isn’t afraid to promoting change through his actions. In 2014 Gregg took his family on a pair of RV trips where they traveled nearly 10,000 miles in 31 days. Along the way the Murset’s performed normal household chores for families in need and organizations requesting volunteers. Gregg is considered a pillar of his Arizona community and is regularly attending his kids sporting events or taking them on weekend camping trips.
Mike Prusinski, Co-Founder & President
As a father of five, Mike has learned how to juggle all life has to offer. For more than 30 years he has been involved in public relations, marketing and strategic business decisions for some of the most successful college & professional sport organizations, as well as corporate America. Always thinking “big picture”, Mike loves to get his hands dirty and taking on new challenges. He joined BusyKid in 2013 after seven years as the Senior Vice President of Corporate Communications for LifeLock. During his tenure, he helped transform LifeLock into one of the fastest growing companies in the U.S., for which he was honored with an International Business Award. Prior to LifeLock, he spent several years working with NASCAR, the PGA TOUR and university athletic programs in Kentucky, Kansas, Colorado and Oklahoma. It’s his diverse background that helps drive his passion for building winning teams, playing fair and setting a game plan to outscore the opposition.