Introducing BusyPay, the new way to teach your kids financial responsibility
BusyPay makes it easier for family and neighbors to digitally pay kids for completing tasks
PHOENIX–(June, 2021)– BusyPay, the latest enhancement for BusyKid, the chore chart and allowance app where children can earn, save, share, spend and invest real allowance, is an easy way for a grandparent, friend, or neighbor to add money to a child’s BusyKid account. It’s perfect for birthdays, holidays or paying for other tasks that kids complete like babysitting, mowing the grass or shoveling snow. BusyKid, along with BusyPay teaches kids financial responsibility they just don’t learn in school today.
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“Solving America’s personal finance crisis starts by providing our youngest generations with better tools that empower them to learn the lessons about money that their parents and grandparents were never taught,” said Gregg Murset, CEO of BusyKid. “This starts by giving kids the opportunity to practice earning, spending, saving and investing money and engaging in conversations with them about money instead of avoiding the topic.”
Learning Financial Responsibility is Important, Easy and Fun
Learning personal finance is an essential life lesson that many kids today are unfortunately missing out on. Only six states require high schoolers to take a personal finance class before graduation and the reality is most kids will move out of the house without ever learning how to budget, save and invest. BusyKid is tackling this problem with the introduction of BusyPay, a new feature of its leading chore chart and allowance app. BusyKid not only teaches kids how to work, earn, save and spend money, it is a great conversation starter and learning tool for parents to discuss and teach financial responsibility to their kids.
“Our app is easy to use, even a parent can do it” said Mr. Murset “we designed the app to be family friendly and easy to use for everyone.
The BusyKid app is simple to download and is available for all mobile devices, is easy to use, highly secure and provides kids the hands-on experience in managing real money they won’t get in school. There is also a personalized prepaid Visa® debit card that can be used for shopping online or in stores. Kids are also able to buy stocks and donate funds to their favorite charities. BusyKid is truly a complete platform for teaching kids how to save, spend, invest and donate the money they earn.
BusyKid is only $19.99 a year and includes one BusyKid Prepaid Visa Spend Card and no purchase fees on stocks. Kids can select from 11 designs for cards that have no fees for transactions, reloads and withdrawals.
BusyKid is the first chore chart and allowance app where children can earn, save, share, spend and invest real allowance. The platform, available for all mobile devices, is easy to use, highly secure and provides kids the hands-on experience in managing real money they won’t get in school. There is also a prepaid Visa® debit card that can be used for shopping online or in stores.
*The BusyKid Visa® Prepaid Spend Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a licensee from Visa® USA Inc. All cardholder’s funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions. For more information about the card’s terms and conditions including the Visa® Zero Liability policy, click here. One BusyKid Visa® Prepaid Spend Card is included with a paid family subscription, but additional cards cost $7.99/yr with a linked bank as a funding source. A small $.55 transaction fee will be added to orders using a credit card. There may be some additional fees associated with the Spend Card, please see our FAQ’s for more information.