The average American parent gives their kids $15 per week ($780 annually) without anything to show for it.
Why not have them work for it?
Teens
and tweens (7-17 year-olds) today are spending more money than ever,
and the parenting culture has evolved into one that just hands money to
their kids. As a result, kids have all of the buying power, but none of
the earning power.
Some families rely on printed-out chore charts to organize to-dos and
track allowance-earning, but do kids really respond to stickers and gold
stars anymore?
That’s what John Malone, father of three teenagers and CEO of the new, online platform
Ourly.help,
believes. The cloud-based portal – which just launched nationwide today
– aims to digitally replace the antiquated ‘chore chart’, providing the
fastest, easiest, and most thoughtful way to get kids working for
what they want while all while promoting the principals of financial
literacy.
How it works:
·
Families can sign up for free today through the company’s website,
www.Ourly.help.
·
Parents securely load money into their account and
design customized chores for kids (they can also choose from a preloaded
list of 24 suggested weekly household tasks – like cleaning a bedroom
or sweeping the kitchen floor).
Kids set earning and savings goals, and also can designate part of
their allowance for the charity of their choosing.
·
The Ourly.help portal organizes kid’s chores and
reminds them (via text message or email) of impending due dates and the
values of each task.
·
Before a task can be started, the platform requires
kids to upload a “before” photo of each individual job – for example, a
dirty pile of laundry. Once completed, kids upload an “after” photo of
the completed task for proof (think
clean, folded laundry), which prompts an approval-request notification
to appear on their parent’s mobile device or via email.
Using Ourly’s before-and-after photo slider, parents can evaluate
if the job was completed to their satisfaction, and if so, mark the job
“complete” – triggering the platform to deposit money allocated for the
task into their kids Ourly account.
·
Kids can then “cash-out” their earnings with any of
the 50 brand name digital gift cards offered within the portal,
including pre-paid VISA cards.
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