busykid blog

Invisible Money: How to Teach Your Kids About Money in a Digital World

In Blog by mbndev

Invisible money. Many years ago, the thought of such a thing would have never crossed anyone’s mind. But in today’s digital age, where electronic transfers and tap and go are on the rise, teaching kids about invisible money has become increasingly important.   Unfortunately, because fewer transactions are being made with actual physical cash, it ...

Are Your Kids Big Spenders? Here’s How You Can Teach Them the Value of Saving

In Blog by mbndev

“Money doesn’t grow on trees.” While unfortunate to note, this financial nugget of wisdom has been passed from one generation to another. It also sums up the financial literacy many people received as children. One survey indicated that only one in four adults admitted they were taught important money lessons as a child. Learning the ...

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

In Blog by mbndev

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?

In Blog by mbndev

“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?

In Blog by mbndev

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?

In Blog by BusyKid

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 ...

A Letter to BusyKid, from an overwhelmed parent…

In Blog by BusyKid

On the show “Married at First Sight” counselor Pastor Cal often quips, “Marriage ain’t for sissies.” Most couples know this to be true. Add in parenting and even more resilience is needed. Add in special need parenting and well…give yourself a pat on the back for me if you’re also in this boat.  Hi, I’m ...

Make 2021 Better for Your Family with Realistic Financial Goals

In Blog by BusyKid

It’s a new year and with it comes the chance to start fresh … a clean slate … determined to do something new. By the time January 1 rolled around, it’s easy to say just about everyone was ready to see the end of 2020. Making the year better for you and your children begins ...

4 Tips to Have Goal-Setting Success for Kids

In Blog by BusyKid

Should children make New Year’s resolutions? It certainly sounds positive, doesn’t it? Yet with a success rate of only 20% in adults to keep their resolutions, young people who are still learning about practicing positive habits would likely come in at an even lower percentage. This doesn’t mean throw in the towel—BusyKid is all about ...

How to Use Debit Cards to Teach Kids How to Manage Holiday Spending

In Blog by BusyKid

Talking to your kids about money management can be a tricky conversation. However, in an increasingly cashless society, it’s a conversation that needs to happen. With a whirlwind 2020 and holiday spending in full force, teaching kids about proper spending has become more critical than ever. Fortunately, families now have access to endless financial tools ...