Gregg Murset, a father of six, understands the hard time you are having every time you try setting your child into doing household chores. As a solution, he came up with “BusyKid,” an app that will help you keep track of tasks all while teaching your kids the responsibility of managing their finances.

Here are four things to know about the new “BusyKid” app and see how it works:

1. “BusyKid” is technically a paper chore chart that has gotten a modern update.

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A preview of the new "BusyKid" app. It is the first mobile app that allows you to keep track of tasks, while introducing to your kids the responsibility of managing their personal finances. BusyKid

“BusyKid” is the first mobile site that allows you to keep track of tasks, while introducing to your kids the responsibility of managing their personal finances. By helping around the house, your kids can earn real money and make key decisions on what to do with everything they’ve earned. As its description reads, the app is “a revolutionary system that will teach your children how to earn, save, share, spend and invest.”

2. It works from the web or via mobile app with a $12 annual subscription.

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A preview of the new "BusyKid" app. It is the first mobile app that allows you to keep track of tasks, while introducing to your kids the responsibility of managing their personal finances. BusyKid

The app does its work when a family signs up for a subscription which costs $12 (P600) a year. You can add chores for your children and they can report once a particular chore or activity is completed. The app also suggests chores and payment for each age group, which can still be customized according to your needs and budget. The app is easily accessible from the web and via its mobile app.

3. It notifies parents for every chore done and asks permission for money transfers.

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A preview of the new "BusyKid" app. It is the first mobile app that allows you to keep track of tasks, while introducing to your kids the responsibility of managing their personal finances. BusyKid

When a chore is accomplished, a text message will be sent to you asking permission for money to be transferred to a holding account. Each Friday or payday, kids can use the money to do whatever they wish. This includes saving it for a future purchase, buying a gift card, donating to charity or investing in stocks. What makes the app different is that it transfers directly from your account to your children’s and allows them to decide what they want to do with their savings.

4. It gives the final say to parents.

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A preview of the new "BusyKid" app. It is the first mobile app that allows you to keep track of tasks, while introducing to your kids the responsibility of managing their personal finances. BusyKid

While kids have the freedom to do anything with their money, you, as a parent, still have the final say as to how much of their allowance they can allocate to something. Everything gets done only through your approval. Additionally, it has a security feature to prevent kids from falsely reporting that they finished a chore. If you realize a chore was not done, you have the option to delete it from the Parent Portal and not pay the child.

With the “BusyKid” app, you do not just get help from managing the chores but you also teach your kids the values of responsibility, honesty, ethics and hard work. Plus, you can’t deny that it also helps you get things done faster in a day.

Learn more about “BusyKid” on www.busykid.com

WATCH: Welcome to “Busykid”!

Source: YouTube/Busykid

What do you think of the “BusyKid” app? Let us know in the comments section below.