Phoenix, AZ – BusyKid, the first and only online chore chart where children can earn, save, share, spend and invest real money, has created a Challenge Coin to recognize children who have successfully demonstrated the ability to earn and manage money through the BusyKid app. Nominations for the BusyKid Challenge Coin will come from parents or grandparents, and each month a child (or children) from around the U.S. will be selected to receive the 2-inch wide coin.
“We wanted to create something to recognize the significant achievements of children who work hard for a weekly allowance,” said BusyKid Co-Founder & CEO Gregg Murset. “In doing so, these children will also see another example that hard work pays off, and feel our appreciation for the commitment they made to practice the basics of finance.”
Dating back to the Roman Empire, Challenge Coins were awarded to soldiers for their achievements in battle or in performing other duties. Nowadays, Challenge Coins have become a long-lasting, highly-collectable way to show appreciation and allegiance to a group. Heavily used by multiple branches of the military and law enforcement, Challenge Coins have also been minted by U.S. Presidents and many civic organizations.
The recipient of the first BusyKid Challenge Coin was 10-year old, Spencer Arana of Chicago, IL. Spencer has completed more than 200 hundred chores and averages about $16 in allowance each week, some of which he has invested in Apple stock.
Using BusyKid, children get to make the critical decisions regarding saving, sharing, investing and spending weekly allowance. This important hands-on experience helps children build sound routines they will need when facing serious financial decisions as adults. Only $14.95 annually for an entire family, BusyKid features pre-loaded chores based on children’s ages, automatic allowance allocation, investment opportunities in real stock and the BusyKid Spend Card – a prepaid Visa® card for kids of all ages.
To nominate your children for a BusyKid Challenge Coin, go to https://busykid.com/coins/
Subscribe to BusyKid and if for any reason you are not happy with the performance of our app or cards within the first 30 days, we will refund your subscription, as well as, any money inside the app or on a card.
*BusyKid can not refund any stock purchases or donations made. Only the subscription paid will be refunded. This applies to new subscriptions only.*
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* BusyKid Spend Card is issued by MVB Bank, Inc, Member FDIC, pursuant to a license from Visa®️ USA Inc. Cliq® is registered ISO/MSP of MVB Bank, 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.
Brokerage services provided by Apex Clearing, an SEC-registered broker-dealer and member of FINRA /SIPC.
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives, charges and expenses. For more details, see our Form CRS, Broker Check and other disclosures.
Actual annual cost is $49.74 when a credit or debit card is used as a funding source. There is no transaction fee when a bank account is used.
Your entire family has access to our app, up to five BusyKid Visa® Spend Cards, our 30-day subscription-back guarantee, and investing. This is your chance to see how it fits your family without a long-term commitment.
