Child Dashboard - The kids weekly allowance and balance of a BusyKid Spend Card are prominently centered at the top of the dashboard, but the page also includes the options to save/invest, share or spend any funds in the account.
BusyKid is the first and only chore app that allows a child to earn real allowance and decide how to save, share, spend and invest it.
Parents do have the option to purchase a BusyKid Prepaid Visa Spend Card ($7.99/yr) for a child, but the card is not required.
It's Payday! Once a parent approves the payday alert, allowance will automatically transfer to the save, share, and spend areas inside the child account on Friday morning.
Parents have the ability to approve all transactions when money is moved outside the BusyKid platform (donation, buy stock, money to spend cards and request for cash) as well as every payday.
4) BUSYKID VISA PREPAID SPEND CARD: A rechargeable Visa Card, is basically a debit card for kids which can be used in stores or online.
Ideal for kids 6-16, BusyKid helps your child learn finance-related routines long before adulthood kicks in.
Push Notifications - BusyKid now uses push notifications to alert parents to specific activity and approval for weekly payday.
Activity Stream - Included in both the parent and child menus, the activity stream displays all account activity for each day, as well as any money moved or spent by a child.
Increased Charities - Children have the option to donate their allowance to more than 20 charities that have joined the BusyKid family or to a charity of their choice.
Chore Calendar - Similar to all mobile calendars, the Chore Calendar allows parents to set daily, weekly, and monthly chores, schedule any task on a future date, or arrange for chores to repeat.
"Since your kids probably won't learn this in school, go to BusyKid.com and start teaching them now.
Think of BusyKid as the first job for your child with direct deposit.
While many similar apps charge for a family to subscribe to use their system, the BusyKid platform is free.