busykid blog

What Michael Phelps and Other Olympians Teach Us About Money

In Blog by BusyKid | January 14, 2019

Watching athletes stand on the Olympic podium, sniffling as their national anthem plays, it’s easy to get swept up in the romance of winning a gold medal. After all, stars like Michael Phelps make it look easy. But here’s what we’re missing as TV viewers: While his races only last a minute or two, what ...

How I Saved $150,000 By 26

In Blog by BusyKid | January 14, 2019

Last year, I logged into my checking account, 401(k) and brokerage accounts, and realized something startling: By 25, I had managed to save a total of $100,000. Now, 11 months later, I’ve nearly hit $150,000. Seeing that much in my account was shocking. I’d worked for it, but I certainly wasn’t raised with money like ...

6 Money Lessons I Learned From My 6-Year-Old Daughter

In Blog by BusyKid | January 14, 2019

Before I became a mom, I figured I’d have plenty of opportunities to drop some knowledge on my future children. Now that I’m the mother of three, I’m realizing that my little ones have plenty to teach me as well. Since she’s the oldest, my 6-year-old, Serena, has had the most time to impart her ...

Here’s Why It Pays to Invest for the Long Term

In Blog by BusyKid | January 14, 2019

If you were fully invested in the stock market for all of 2017, good for you. The S&P 500, which is often used as an indicator of how the market’s doing, ended the year up about 19 percent. So, how long can this rally last? While no one can predict what the market will do ...

What’s the Difference Between a Bear and Bull Market?

In Blog by BusyKid | January 14, 2019

Bear and bull markets are the yin and yang of an investment cycle. In the simplest of terms: bear = bad, bull = good. Generally, a bear market happens when major indexes like the S&P 500, which tracks the performance of 500 companies’ stocks, and the Dow Jones industrial average, which follows 30 of the ...

Will $100 Today Be Worth More or Less a Year From Now?

In Blog by BusyKid | January 14, 2019

How much $100 will actually be worth in 12 months all depends on what you do with it. But stuff it under the mattress or in a wallet, and it’ll definitely be worth less next year. What!? Why? Because, inflation—the unfortunate phenomenon of prices going up. The value of our money goes down as prices ...

Set Your Kids Up To Be Better In 2019

In Blog by BusyKid | December 23, 2018

It’s a new year and with it comes the chance to start fresh … a clean slate … determined to do something new. Last year roughly 65% of Americans said they planned to make New Years Resolutions, including the ever-popular ones – work out more, eat better, spend more time with family, travel more and ...

Time To Break The Financial Circle of Dumbness

In Blog by BusyKid | December 23, 2018

When it comes to understanding your financial world and how you got here, it’s very easy to blame some people who were supposed to have you better prepared. To name a few, you’ve had teachers, parents, employers, friends, your bank and grandparents who could have stepped up and provided some vital information to make your ...

3 Things to Teach Your Young Children During Financial Literacy Month

In Blog by BusyKid | December 22, 2018

While the particulars of family finance practices may vary, one thing remains the same: kids need to learn how to manage money from a young age. And yet amazingly, many teenagers will graduate high school this year with no knowledge about budgeting, loans, credit, taxes, or managing bank accounts. Because of this, the responsibility for ...

Donating is Just One Of Five Important Functions Of BusyKid

In Blog by BusyKid | November 20, 2018

Phoenix, AZ (Nov. 19, 2018) – BusyKid announced today that the American Red Cross, Our Military Kids and the National First Responders Fund are the newest charities available to receive donations from kids through BusyKid. BusyKid is the first app that allows kids to earn, save, share, spend and invest real allowance by completing weekly ...