If for any reason you are not satisfied with BusyKid in the first 30 days, we will refund your money back. No questions asked. *
In a Nutshell: Today’s kids tend to experience money as plastic, not as physical cash, which makes it harder to teach them that money must be earned and managed for the future.
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The Valley-based company BusyKid promotes work ethic for children by organizing their tasks and teaching them money management, all through the magic of a smartphone.
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The paper chore chart has gotten a modern update.
Introducing BusyKid, a mobile-first site that allows parents to keep track of tasks, while also being a tool to introduce kids to learning about their personal finances.
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.
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Four things to know about the new app that will help parents keep track of tasks while teaching their children how to value money
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Many adults make New Year’s Resolutions every January, but the sad reality is only about 8 percent of people actually achieve the goals they set. Of course no parent wants to set this as an example for children. So instead of doing individual resolutions this year, why not do family resolutions so you can all keep each other accountable?
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It’s not always easy to get kids on board with chores, so Gregg Murset, CEO of BusyKid, an online chore system that teaches children about finances, has some tips to make spring cleaning fun for the whole family.
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Real Simple’s mission, through its 16 years, has been to simplify your life with smart finds like these.
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Just when you think you’ve heard every angle on paying kids for completing chores, this happens!
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Chores build a work ethic, boost confidence and teach children not to expect handouts; a guide to appropriate tasks children can master by age.
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With April being Financial Literacy month, I thought that now would be the perfect time to discuss this topic.
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With April being Financial Literacy month, I thought that now would be the perfect time to discuss this topic.
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Since summer schedules much tend to have more wiggle room than school year schedules, kids can help out more around the house to earn some money.
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What’s the key to raising well-behaved, intelligent, and motivated kids? It may as simple as a chore system and an allowance.
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You can handle summer vacation like the pro we all know you are with these seven apps that will save your sanity and make summer easier with the kids home from school.
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Managing money can be challenging for many adults, and an even more difficult task is teaching financial literacy to their children, but a Utah-born financial planner has developed a solution that could help parents show their kids the basics of earning, saving and investing their hard-earned dollars.
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BusyKid ($12 per year) is a web-based service that teaches children fiscal responsibility by encouraging them to perform household chores. For $12 per year, parents assign tasks to family members, placing a cash value on each chore and allowing children to determine how money is spent or saved
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Remember how your toddlers begged to push the vacuum, sweep, cook and even wash dishes for you? If you’re wishing your older kids were half as interested in chores, Gregg Murset may be your man
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BusyKid is an allowance management platform for families that keeps track of the work children do around the house. The company just launched the BusyKid Spend Card, a reloadable Visa prepaid card that teaches kids how to manage their money.
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These smartphone-friendly tools let children make decisions about spending, saving and donating—with limits from Mom and Dad
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As advisors adopt web portals and mobile apps to attract millennials, Gregg Murset is using fintech to serve children who have yet to even learn their multiplication tables.
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The stock market isn’t just for grown-ups anymore, thanks to BusyKid, an online chores and allowance platform that teaches children to save, share, spend and invest money.
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BusyKid, which bills itself as “a revolutionary system for chores and allowance that teaches your kids financial literacy and responsibility,” has teamed up with discount online brokerage Stockpile to offer $10 of free stock per child in a company of your choice.
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When Gregg Murset looked at the people he works with as a financial planner, two things were consistently present: they work hard and are generally smart with their money.
It was those qualities that Murset wanted to instill in his own six children
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If your New Year’s resolution involves getting your financial life in order, financial expert Gregg Murset, CEO of BusyKid, has some advice for you. To get on the right track—January is Financial Wellness Month, after all—Murset recommends starting with more specific goals instead of resolving to pay down debt or save for retirement without an actual plan. Then, at the end of each month, review your progress honestly and do it all over again.
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What is that age-old expression? You can’t teach an old dog new tricks? When it comes to being smart with money, bad spending habits are extremely hard to break.
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Saving money and dealing with finances seems to be a lost art-form these days. Americans are struggling to build on their savings.
A recent study by GOBankingRates showed that 57 percent of Americans have under $1,000 in their savings accounts. Even worse, 39 percent have no savings at all.
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Sometimes, teaching kids about money is not always easy, and that is why a Scottsdale company developed an app for parents to give their kids some real life experience, when it comes to managing their cash.
With the BusyKid app, families are able to work together to prepare children to face financial realities when they get older.
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If you have kids you know you’re on the hook for their spending, at least for a while. What you might not know is that you’re also on the hook for their financial education, too.
With only 21% of parents regularly talking about money with their kids and only 10% interested in teaching them about managing credit cards or investing, according to a study from the money app BusyKid, it looks like parents need some hel
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It can be tough for busy parents to stay on top of their finances and just as tough for them to find time to teach their kids about money. However, there is one Arizona-based company that is offering a way to do both. With BusyKid, chores, allowances and finances all come together into one easy solution.
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Many children as young as 4 and 5 can grasp the concept of being responsible with chores, budgeting allowances and keeping important paperwork, according to one official.
With the current tax season upon everyone, now is the perfect time for parents to teach their children how to do weekly chores, monitor their allowance money and learn how they can eventually become productive, skilled adults, said Gregg Murset, CEO of the Scottsdale, Ariz.-based BusyKid and its accompanying website, www.busykid.com.
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Money might be the last taboo topic.
In a society that runs on capitalism, we seem to have a harder time talking to our children about personal finance than we do about sex, race or even death. Maybe it’s because so many of us are so bad at financial matters ourselves.
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When we were kids, a weekly allowance was something we tucked away in a drawer, piggy bank, jewelry box, you name it—really anything we could cram our change and crumpled bills into. Then there was that feeling of accomplishment when we’d dump all that hard earned cashola onto our beds to see if we had enough to buy that new toy we were eyeing.
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It’s never too early to teach children about money management. In a cashless society, technology plays a large role.
There are dozens of smartphone applications making it easier for kids, and parents, to balance chores and financial responsibilities.
“I think students should learn both what it’s like to operate with cash as well as — like most of us operate — with credit cards or debit cards,” said Jodi Bloemker, director of community investment with the United Way of St. Joseph. “You need to have an understanding of both.”
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The objective of the new chore app “Busy Kid” is relatively simple: make parents have to nag less while teaching kids about money.
For each chore a kid completes, Busy Kid transfers money from their parents’ checking account into their own account. There, kids can manage it through three different options: save, share or spend.
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NEW YORK — “I have to wipe down bathroom cabinets, clean the toilets. Feed Tofu.”
Like most kids, Sterling used to complain about the chore list but he’s changed his tune since his work began showing up on his phone attached to an account all in his name.
“I was like yes!”Like this is my own bank and I can access it myself without my mom having to give it to me instead,” he said.
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While the debate rages on about whether screen time is good or bad for kids, we can at least compromise by giving them apps that might teach them a thing or two, right?
While allowance has long been a tool parent have used for teaching kids the value of hard work and money management, tossing your kid a weekly five- or ten-dollar bill leaves out a lot of modern financial education. Good thing there’s an app for that.
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Teaching financial literacy to kids is more than just piggy banks and cash allowance for chores. Learning to save and spend has become more difficult in this time of plastic money.
“No one carries cash,” Dawn McCord, a mother of three told CBS11 “And, it is really inconvenient paying cash for chores and looking for change etc.”
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Raising a financially literate child doesn’t have to be difficult. In a world of credit cards, online banking, tax codes, investments and retirement plans, keeping up with money can be tough for adults, and even more so for kids. So, for the many parents who want to teach their kid economic ideas and prepare them for their financial futures, where the heck is the starting point?
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A majority of millennials treat their retirement accounts like a piggybank. According to ETrade, more than a third of millennials make withdrawals from their 401(k) plans – and they use the money for a purchase, vacation or other personal expense.
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Wouldn’t it be nice to not have to nag kids to do their chores? For some parents, that day may have just gotten a little closer.
Eleven-year-old Mia Han takes out the trash. She’s fairly honest about how she feels about it. “It’s not the funnest thing in the world, but I’ll do it if I have to,” said the Mountain View sixth-grader.
Big brother Nicholas pretty much felt the same way. Then his parents told him about BusyKid.
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Gregg Murset has six children. From Murset’s perspective, it made “cents” to teach his children how to make money at a young age.
“They learned early that they had to do chores to earn money to buy the things they wanted,” said Murset. “They had to mow the lawn, feed the dog, and perform other chores. By aligning their chores with incentives, I was able to motivate them easily. But I had to stick with it.”
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The Tech Tribune staff has compiled the very best tech startups in Phoenix, Arizona. In doing our research, we considered several factors including but not limited to:
Are you having a hard time getting your kids to do chores? There’s an app for that! A dad of six created the app called “Busy Kid.” He says he came up with the idea to motivate his kids to clean and to teach them how to be responsible with the money they’ve earned.
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Before girls even get a chance to move into the working world, where they will earn 79 cents for every $1 men earn (and less if she’s a woman of color), they’re already being stiffed by their parents.
Data analyzed by BusyKid.com found that parents pay boys twice as much for doing chores per week.
Boys take home an average weekly allowance of $13.80 for their chores.
Girls? Just $6.71.
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Companies have taken a lot of heat about the gender pay gap, which results in women making just 82 cents for each dollar a man earns. But mom and dad play a role as well, according to a new study indicating the pay gap starts at home.
Parents pay their boys more than twice as much allowance as they give their girls. That’s a finding from an analysis of millions of transactions conducted by 10,000 families on the online allowance platform BusyKid. The pay gap is present, though not as dramatic, even when parents pay their kids “bonuses,” said BusyKid Chief Executive Gregg Murset.
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Are you having a hard time getting your kids to do chores? There’s an app for that! A dad of six created the app called “Busy Kid.” He says he came up with the idea to motivate his kids to clean and to teach them how to be responsible with the money they’ve earned.
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Making good decisions is no small feat, especially for little ones who tend to fall more on the impulsive side (every kid). It’s up to us parents to guide them in the right direction. To help you out, we’ve gathered practical tips for letting go at the right time, and small ways you can help your kids assert their independence in order to become confident people ready to tackle the world.
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If for any reason you are not satisfied with BusyKid in the first 30 days, we will refund your money back. No questions asked. *
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The BusyKid Spend Card is issued by MVB Bank, Inc., Member FDIC, pursuant to a license from VISA® U.S.A. Inc. All cardholders funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions. For more information about your card terms and conditions including the VISA® Zero Liability policy go here. Cliq® is registered ISO/MSP of MVB Bank, Inc.
*BusyKid can not refund any stock purchases made. Only the subscription paid will be refunded. Guarantee applies to new subscriptions only.
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