BusyKid, the chore app where kids can earn, save, share, spend and invest real allowance, has launched a completely new version of its money management app. The free basic platform helps parents provide their children with hands-on experience when it comes to dealing with money. While the previous version of BusyKid had a family subscription fee, there is no charge for the app or the platform.
A year ago when the BusyKid launched it charged a subscription fee of $24.99 annually per family, the lowest among similar apps. Parents saw the benefits of using BusyKid, with well with over 1.5 million chores completed and almost $2 million in allowance earned. As the very first chore/allowance app where children could earn, save, share, spend, and invest real allowance it was easy to make the decision to offer BusyKid for free.
Though there is no app or subscription fee to use the platform, parents will have the option to upgrade the experience their kids can have by adding a BusyKid Visa Prepaid Spend Card ($7.99/yr. per card). The company plans to provide additional upgrade options in the near future, but at this time, none of the upgrades would be required to use the basic platform.
BusyKid is available now free via Apple Store and Google Play. For more information about BusyKid, visit http://www.busykid.com.
More About BusyKid
BusyKid is about helping children develop a financial routine they can carry into adulthood. With the help of parents, children use BusyKid to get hands-on experience in making various money decisions, including how allowance much to save, share, spend and invest. With pre-loaded chores and allowance based on children’s ages, parents can easily set up any kid account, and in minutes, and kids can be earning money.
Payday is each Friday after parents check the work to verify that it was completed and approve a notification on the phone took the transfer of funds. After getting paid, children can save some money, donate some and use the rest to get cash or buy shares of real stock. If a parent decides to upgrade with a BusyKid Visa Prepaid Spend Card, a child can use their spending money in stores or online.
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Source: BusyKid