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Parents … Give Stock Instead of Toys

12:56 PM

Thanks to BusyKid for sponsoring this conversation on children and investing. Opinions are our own.

Do you feel like your home is beyond cluttered? Are you looking for a way to teach kids about our economy and basic market principles that's fun and engaging?

Stocks are actually a perfect gift for kids, and they have benefits that last well beyond the "play" years!

For younger investors who are trying to take an active hand in managing their money, the first step in achieving financial freedom is to invest. It's the only way to creating a life that isn't completely dependent on a paycheck. In fact, "passive income" is a great way to set your kids up for a stable future.



It is estimated that nearly 80 percent of millennials are not invested in the stock market. More than 40 percent said they feel they don't have enough money, 34 percent said they don't know how, while 13 percent specifically blamed student debt. Three in 4 young women, versus 60 percent of young men, said investing was confusing. But what if there was any easier way?

Gregg Murset, CEO of BusyKid, offers some sage advice for parents who want their kids to lead their generation in investing. He shares, "Basic financial topics such as saving, investing, budgeting, credit, taxes, loans should be taught with the same importance as reading, writing, math and science in our schools. It’s not the fault of teachers, but we aren’t preparing our children properly to face a world of hard financial decisions."

How can parents help? BusyKid is the first (and only) chore/allowance platform where kids can earn, save, share, spend and invest real money. Simply put, children complete chores and each Friday (Pay Day) the children are paid an allowance that can be saved spent or invested. Think of BusyKid as your child’s first job with direct deposit. Your child can earn, save, share, spend and invest a weekly allowance. By using BusyKid regularly from a young age, your children can start building a routine they can use  when it’s time for them to be living on their own.



As a mom who has no time for extra "programs", I was hesitant to embrace yet another system for my kids to learn. However, BusyKid integrates seamlessly into your existing routine, even motivating kids to do more around the house. What's not to like about that?



Here's how it works:

Enroll the entire family for $14.95 a year and get first 30 days free. Then, simply add a BusyKid Spend Card (rechargeable Debit Card) for just $5 per year. The BusyKid Spend Card allows child to spend allowance in-stores or online, or transfer fund to other bank accounts. Or you can encourage them to buy stocks through BusyKid -- something I highly recommend. Kids can also choose to donate their funds to charity.

Wanna Save? For a limited time, 2 kids of each new family will receive a free $10 stock. BusyKid want kids to learn how to invest so they decided to give them their first experience in dealing with the stock market! Be sure to sign up through this link


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