BUSYKID ARCHIVE - February 2021

Is It Too Early to Get My Child A Debit Card?

Kids get introduced to the value of a dollar with cash, but as online shopping and cashless payment methods become more prevalent, giving children their allowance money in cash won’t cut it anymore. For many parents and their children, a BusyKid Visa® debit card for kids is the more convenient way to go. But while ...

Are your BusyKid’s goals SMART?

“A goal without a plan is just a wish.” – Antoine de Saint-Exupéry When you consider your own money management accounts, which spark the most joy? The generalized savings, or the specialized account earmarked for a tropical vacation? You’re likely more motivated to match 401k contributions when you have a very detailed idea of what ...

When is the Right Age to Get Your Child a Bank Account?

Some studies show that one of the most crucial components of financial literacy is giving kids hands-on experience with money. First hand experience of interests accruing in their savings account can make seemingly complex concepts, like compounding interest, become easier for your child to understand.  It is every parent’s responsibility to raise money-smart kids. Take ...

Is it Okay for Kids to Be Motivated by Money?

Parents who use the BusyKid app are strongly motivated to teach their children about financial responsibility. They want their children to learn how to save, earn money through work, invest wisely, and give back to important causes…all of which can be experienced through the app. Most of us grow up with the messaging we received ...