Help Kids Manage Their Money In Today’s Cashless Society

How can we help kids manage their money today when we live in a “cashless society”? For one, teaching them how to earn, save, share, spend, and invest. It is estimated that less than 10% of all money in the world is actual coins and paper. 

Help Kids Manage Their Money

Help kids manage their money, through earning, saving, investing, and saving.

I started using BusyKid about a week ago, and my kids are loving it. Honestly, they love the fact that there won’t be any IOU’s, and that they can start saving up for some wanted items. With my husband’s recent 15-month unemployment, we have not been consistent with allowance at all. Also, not keeping any cash on-hand, has added to the inconsistency.

Help Kids Manage Their Money with #BusyKid.

However, since BusyKid does link to a parent’s bank account to “pay” your child(ren), it allows a fail-safe way for children to earn allowance and parents to consistently pay them. The App also has built-in ways to teach your child to save and give.

Help Kids Manage Their Money with BusyKid. Kids learn how to earn, spend, save, and give all in one place.

With your help, kids can choose how to spend, save, and give their money. However, your child will need your approval prior to receiving any payout.

Help Kids Manage Their Money with #BusyKid.

Spend, Share, Save

Then, you can help them decide how to use their money. Kids can choose to spend money by requesting from 100’s of gift card options, cashing out, or by using a BusyKid reloadable VISA prepaid card. When it comes to sharing, their are several charities to choose from. Eventually they will incorporate a way for you to send money to a favorite charity of yours or even a church.  Lastly, is Saving. Saving can be done by investing one one of their many available popular stock options for as little as $10.

Here are some other great benefits to starting using BusyKid with your family:

  • The price, the first 30 days is free and then it’s only $14.95 per year for the entire family
  • They now offer a reloadable Visa® prepaid card called the BusyKid Spend Card. This card allows kids to move their allowance in order to spend in stores or online
  • For a limited time, 2 kids of each new family will receive a free $10 stock. We want kids to learn how to invest so we decided to give them their first experience in dealing with the stock market.

I have had to reach out to BusyKid a couple of times now with questions, and they are extremely responsive. I love how quick they are to answer any questions of concerns.

Visit BusyKid today to start your teaching your child(ren) how to manage his and/or her money! You can also find them on Facebook, Twitter, and YouTube.

 

This post is sponsored by BusyKid. All opinions are my own.

 


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About the Author

I am a work from home mom who dearly loves her 14-year-old daughter, 9-year-old boy/girl twins, and husband. I love my life, and feel very blessed by what God has provided for me.

I have had a true passion for Stampin’ Up! ever since I was introduced to this company in 2000. I hope to share that passion with you. I also enjoy topics on parenting and home organization. ❤

Comments

  1. OMG this is genius! What a great way to get the kids excited and helping with the chores!

  2. This looks great! I was looking for a new chore app to use with my boys and I think this one will work great for our family.

  3. Desiree Lopez says:

    Busykid sounds like the perfect app for our family. Trying to keep on top of the allowances is a “chore” that this Mom doesn’t enjoy. Thanks for sharing the info!

  4. Love this, sounds like a great app. Is the price you mentioned per month , per week or year or? Will check it out for sure.

    • Hi Kristi,

      Oops, I need to add that information to the post! I thought I mentioned it is $14.95 for the year, for the whole family! Definitely a great value.

  5. What a great idea!!! I had never heard of this app before, I know it would be right up my daughter’s alley!

  6. Teaching kids how to be smart with money is so important! I’m just starting to figure it all out. This app looks great!

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