Here are 9 family apps to help manage allowance and chores:
, which allows fractional purchases of individual stocks. Mursett reports one of his teenage sons has invested in Ford and the other in Disney.
While the allocation to various accounts is pre-set by Busy Kid according to the child’s age, a parent can adjust it. In the default settings, for example, 10% goes to charity, with direct donations available for a list of charities that includes the American Red Cross and Special Olympics. If a child wants to spend money, it’s loaded to a Visa debit card—but only with the parent’s approval.
So far, the app has 25,000 parents and children using it, and $1 million in allowance has been paid through the system with kids receiving an average of $67 a month, according to Mursett. It’s basic features costs $24.99 per year for the entire family-no matter the size. For the prepaid Visa debit card, it’s an additional $7.99 per year.
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