Financial App Helps Keep Kids Busy And Teaches Finances – NBC 5 Dallas-Fort Worth

School is out and if you’re looking for a way to get your kids to put down the games and keep track of their tasks – there’s an app for that.

It’s called Busy Kid and it’s a cool tool that not only keeps kids entertained but also helps kids learn how to save and manage money and for parents it’s as simple as one click!

Keeping kids busy during the summer is every parent’s challenge, especially when it comes to chores.

But staying busy isn’t a problem for 9-year-old Ellie and 10-year-old Ava Williams, who love to help around the house.

“I think it was more of a game for them in the beginning, you know, let me tick this off so I can see how much money I can collect,” said Sachse resident Tina Williams.

Three years ago, the Williams family signed up for Busy Kid. It is an app-based program that teaches children the basics of how to earn an allowance according to three principles: spend, save, and give.

And in today’s digital world, everything is done through the app, so parents don’t have to worry about going to the bank for cash.

“It’s a lot easier than trying to keep track of the money and you think it’s more fun. Yeah, having a credit card is nice,” said Ava Williams.

Williams and her husband wanted to learn the value of money and saving from an early age.

But they weren’t impressed with current programs until they found Busy Kid.

“I absolutely loved the idea of ​​being able to translate what you would traditionally use in a piggy bank for your chores to modernize it and do it in a digital world,” Williams said.

“The nature of money has changed. Now, money isn’t so much about bills and coins, it’s little numbers on a screen and that’s really all it is. So trying to teach that kind of vague concept to a kid is really quite a challenge for a parent right now and so we have to embrace technology and really teach them that way so they understand it,” said Busy Kid creator and CEO Gregg Mursett.

Mursett has six children of her own and says that children’s learning can have a lasting impact as early as the age of 5.

“Get them in the summer, not just sleep until 10. Like, take them where they understand, ‘oh, hurry, I have to get up and do the things on my list of chores before I can go. do the things I want to do,” Mursett said.

“They’ll start learning those behaviors that will really help them move forward in the long run.”

But it’s not just about chores and odd jobs around the house.

Both Ellie and Ava can also earn by simply practicing piano.

Or reading their favorite book.

And while it can be fun to spend what they’ve earned, another principle of the program is giving.

“I like to give to autism sites and I like to give to food banks and people who provide shelter for children,” Ava said.

“I like to give to a red cross and cookies for cancer,” Ellie said.

“It’s definitely a game changer,” Tina said.

And Ava already has something in mind that she’s saving for.

‘I’m saving for a car right now. I want a convertible.’

The Williams family said the app is super easy to use and plans to match everything every girl can save for a car when they turn 16!

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