Pay-per-chore app turns kids’ allowance into investments

The objective of the new chore app "Busy Kid" is relatively simple: make parents have to nag less while teaching kids about money.

For each chore a kid completes, Busy Kid transfers money from their parents' checking account into their own account. There, kids can manage it through three different options: save, share or spend.

Available on IOS and Android devices, Busy Kid is already getting rave reviews, especially for the "Save and Invest" feature, which lets the kid save up or invest their earnings with special stock options.

App developer Gregg Murset is a CPA with six kids of his own.

"I really wanted to develop something where kids could learn work ethic and money smarts," Murset said.

Users say kids are more motivated when they have control of their money, and parents tell WGN their family home has never been cleaner.

For more information, check out busykid.com.