BusyKid Review

BusyKid is an app that’s designed to help you pay your kids for carrying out chores. BusyKid comes complete with a prepaid debit card that can be used both in stores and online. BusyKid is competitively priced at just $19.99 per year. Growing numbers of parents have been teaching their children valuable money management skills via BusyKid. In this guide, we’ll look at the key features of BusyKid, the pros and cons, the costs, the app itself and the security features on offer.

BusyKid is an app with features that will teach your children the value of saving, investing and sharing. It will also teach them about sensible spending. If you opt for the premium version of BusyKid, your child will receive a debit card. The service does give you a certain level of control over your child’s spending. For instance, your child won’t be able to transfer money to their spend, share or spend card without your approval. However, once the money has been loaded onto the card, you won’t have any control over how the money is used.

BusyKid costs $19.99 a year. However, it will only cost $7.99 for each additional card you want to add. Becoming paid subscribers will also give you access to all app features. The current promotional price is $37.99 per year, or you can pay $3.99 per month however, the annual plan will give you a saving of 20%.

The BusyKid app comes complete with an exciting range of features for kids and their parents. It features a chore chart in which chores and allowances can be set in line with the age of each child. However, parents can change these if they feel their child is capable of more or less work. Kids can also invest in real stock in companies including Netflix, Apple and Disney. BusyKid has made a special arrangement with their partner Stockpile to ensure there are no fees for buying stocks and selling one costs just $.99.

Kids have been donating six-figure sums to charities via BusyKid. More and more charities are being added to the approved list all the time. The app also allows parents to pay bonuses for special achievements such as qualifications or high-quality work around the home. The app also provides a detailed history of all the transactions that have been carried out with the Spend Card. The Activity Feed lets parents see what’s occurring in real-time.

BusyKid does protect information with bank-grade security. As the card is issued by Stride Bank, funds have FDIC insurance. As it offers separate funding sources for parents who are no longer together, your ex-partner won’t be able to see your bank account details if you both want to use the app.

There are many reasons why BusyKid might be a good money management solution for families. It gives children the chance to spend money whilst encouraging them to save, invest, share and give to charity.

The app has generally received positive reviews online, although some parents say the process of adding, transferring and loading money to the card could be more straightforward. In any case, BusyKid is one of the most affordable services in its field and has proved highly beneficial for many American families.