BusyKid is an educational app that helps teach kids how to earn, save, share, spend and invest real allowance. The app also provides them with a prepaid debit card to learn how to manage and spend money. In a world where kids graduate high school with no formal education on basic finance, parents can use BusyKid to help build strong financial routines and provide hands on experience at a critical time of development.
Evaluation comments:
“This app is definitely educational — lots of math skills, budgeting.”
“It teaches children financial responsibility.”
“I like that the app allows parents to set up a budget system with their children. They are able to pay a weekly allowance, check in on chores being completed and even give “bonuses.”
“Children are able to spend, save and even donate to charities. They receive funds using Busy Pay (there is a QR code so family and friends can give gifts). The children’s accounts can be connected to Apple or Google pay and they can spend their budgeted amount that way (through the app) online or in stores.”
“Parents have control and can lock the save, sharing and spending areas and they can monitor everything that is being done. Notifications are sent to the parents whenever their children’s cards have been used.”
“I really like that the app encourages saving, donating and some spending. This is something that is not taught in schools — budgeting. Parents should definitely go over everything with their children and teach them about budgeting.”
“Such a great lesson for children and teens.”
