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Milestones

Not too young to lend helping hand

BusyKid is a new mobile app available for parents who are trying to keep up with their childs allowance. It teaches basic financial principles. The app features pre-loaded chores based on the childs age.
BusyKid is a new mobile app available for parents who are trying to keep up with their childs allowance. It teaches basic financial principles. The app features pre-loaded chores based on the childs age.

There’s a new mobile app available for parents who are trying to keep up with their child’s allowance.

It’s called BusyKid, but it’s also for busy moms and busy dads, although the newest version of the app has only been out since Feb. 1.

 
“We already have over 10,000 users,” said BusyKid Co-Founder and President Mike Prusinski. “Just a handful of those (22) are in Illinois, but we are growing every day.” 

Originally, the app was called My Job Chart, starting in 2011. Over time the app has evolved, and is being re-introduced as BusyKid.

“It became clear that My Job Chart needed significant changes in order for us to meet our own high expectations,” said BusyKid CEO and father of six Gregg Murset. “Technology has caught up with our vision.” 

According to Murset, My Job Chart had nearly 250,000 families using the app to earn, save, share, and spend money.

“BusyKid is the result of listening to parents, knowing what children need, and working with the latest technology,” said Murset.

BusyKid is an app that teaches basic financial principles. The app features pre-loaded chores based on the child’s age.

“For parents, it is as easy as answering a text message.” said Prusinski. It allows a child to earn allowance and use it to buy gift cards, make donations to non-profits, or invest in real stock.  The cost per family is $14.95 per year, after a free 30-day trial.

Busy mom Nikki Arana, who lives in the Chicago area, has only been a subscriber since February. So far, she absolutely loves the app.

“I got the app for my 10-year-old son,” she said. “I pick different chores by different days of the week. I can vary them however they work with our schedule.”

Arana said before BusyKid, she tried to do something on her computer with a spreadsheet.

“This is so much easier. He knows which chores (which always starts with homework), and when I get home, he checks them in.”

She said that if he checks a chore as being finished, and she sees he didn’t do it (or didn’t do it well), she can decline for that chore.

“Every Friday, I get a text noting how much he has earned and I can accept or decline it,” said Arana. “I also have the option to give him a bonus if he has done something extra, or a very good job.”

Arana said that with his first card, her son bought Apple stock. He has also earned a gift card for his Xbox.

“It is nice to watch him do the math between how much he needs and how much he has earned,” she said. “It’s is a fun experience for both of us, I don’t have to do much or remind him what he needs to do.” 

“It’s all about teaching him to be responsible with his money.”

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