There is a new app called BusyKid that may be able to help encourage children to do some chores as well as teach them how to manage money. As children get older, one of the benefits is that they can start pitching in around the house. They can start helping mom with some basic chores, and some of the load is taken off of mom’s shoulders. However, that works in theory, but it can be challenging to get them to help out around the house. This is especially true when there are other activities to do that seem so much more fun, like watching TV and playing video games.
According to Spectrum News 1, there is a new app that may be able to help mom encourage her child to help by tracking chores around the house, and the great incentive is that there is money involved. Learning about money is an essential part of child development.
The app, BusyKid, was created by Gregg Murset. Gregg is a business owner who noticed that there was a lack of financial literacy being taught in schools and he believes that it is important for children to learn about money in a very real way. If they could also develop a good work ethic at the same time, it was an added bonus. The app lists chores to be done in the house, and as children complete them, they can check them off on the app. It is a great way for mom to keep an eye on what is being done and when.
The app also holds the power about teaching children the concept of saving. When children are handed money by their parents for chores, they are immediately thinking about what they can spend it on, but there is a lesson to be learned about saving.
According to the official website, the money children earn for chores on the app gets directly deposited in an account for them. This can help teach children that if they want a bigger ticket item, they need to save up the money until they reach that amount and the app is a great way of teaching them.
Gregg says that there is learning to be done when it comes to buyer’s remorse, and that this could be a very beneficial lesson for children to learn. When they spontaneously spend their money right away, they need to experience that feeling of “spending guilt.” This is the realization that if they had thought harder and saved that money, and future money, they would be able to go back and get that item they really need.
Chores through an app may be a great way to get children involved, because a piece of technology is relatable to the younger generation.
Sources: Spectrum News 1, Busy Kid