Banking on your kids - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Banking on your kids

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  • Ex-chief, officers allegedly framed teen for burglaries in FL

    Ex-chief, officers allegedly framed teen for burglaries in FL

    Thursday, June 14 2018 1:46 PM EDT2018-06-14 17:46:03 GMT
    Thursday, June 14 2018 1:46 PM EDT2018-06-14 17:46:03 GMT
    Ex-law enforcement officials allegedly arrested a teen for a crime he didn't commit in order to keep a perfect record for burglary cases. (Source: Raycom Media, file)Ex-law enforcement officials allegedly arrested a teen for a crime he didn't commit in order to keep a perfect record for burglary cases. (Source: Raycom Media, file)

    Biscayne Park Police Chief Raimundo Atesiano, as well as officers Charlie Dayoub and Raul Fernandez, were indicted by federal officials for "conspiracy to violate civil rights under color of law."

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    Biscayne Park Police Chief Raimundo Atesiano, as well as officers Charlie Dayoub and Raul Fernandez, were indicted by federal officials for "conspiracy to violate civil rights under color of law."

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  • North American trio beats Morocco to host 2026 World Cup

    North American trio beats Morocco to host 2026 World Cup

    Wednesday, June 13 2018 2:37 AM EDT2018-06-13 06:37:15 GMT
    Thursday, June 14 2018 11:42 AM EDT2018-06-14 15:42:47 GMT
    (AP Photo/Pavel Golovkin). FIFA President Gianni Infantino arrives at the FIFA congress on the eve of the opener of the 2018 soccer World Cup in Moscow, Russia, Wednesday, June 13, 2018. The congress in Moscow is set to choose the host or hosts for the...(AP Photo/Pavel Golovkin). FIFA President Gianni Infantino arrives at the FIFA congress on the eve of the opener of the 2018 soccer World Cup in Moscow, Russia, Wednesday, June 13, 2018. The congress in Moscow is set to choose the host or hosts for the...

    FIFA is preparing to choose between Morocco and a joint North American bid to host the 2026 World Cup.

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    FIFA is preparing to choose between Morocco and a joint North American bid to host the 2026 World Cup.

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  • Trump sees 'new future' for North Korea, but path unclear

    Trump sees 'new future' for North Korea, but path unclear

    Tuesday, June 12 2018 3:58 AM EDT2018-06-12 07:58:53 GMT
    Wednesday, June 13 2018 2:21 AM EDT2018-06-13 06:21:05 GMT
    (AP Photo/Evan Vucci). President Donald Trump meets with North Korean leader Kim Jong Un on Sentosa Island, Tuesday, June 12, 2018, in Singapore.(AP Photo/Evan Vucci). President Donald Trump meets with North Korean leader Kim Jong Un on Sentosa Island, Tuesday, June 12, 2018, in Singapore.

    President Donald Trump and North Korea's Kim Jong Un promised to "build a lasting and stable peace regime" on the Korean Peninsula by recommitting to the "complete denuclearization of the Korean Peninsula."

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    President Donald Trump and North Korea's Kim Jong Un promised to "build a lasting and stable peace regime" on the Korean Peninsula by recommitting to the "complete denuclearization of the Korean Peninsula." 

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"My name is Anna Sophia Corra, and I'm 14 years old. My chores are doing the laundry, cleaning my room [and doing the] dishes."

Chores for Anna are a lot like the ones her dad did growing up.

"Mowing the lawn, vacuuming and dusting," she continues.

But, unlike the gold star on the fridge he would get when he was done, Anna gets something else.

"I get cash. For the dishes, I do them every day for 50 cents. Every Sunday, I get $2.50 for laundry, and $2 for cleaning my room."

Anna gets paid through North Texas based PAYjr.

David Jones is the company CEO and a father himself. "I think the time has finally come for the evolution from cash allowances to plastic for teens and for kids."

Parents log on to PAYjr.com and set up a schedule of chores and a pay scale for their kids. Because there are never any penalty or non-sufficient funds fees, the service priced - at less than $4 a month - could end up costing less than a teen checking account.

When each chore is done, the item is checked and the kid gets paid. Money is then put into a savings account or onto a PAYjr debit card designed to teach kids a lesson about personal finances.

Kids can personally design the face of their card, too.

"I'm learning to save up and use my money wisely and not spend it all in one day," says Anna.

PAYjr is only for kids 12 and under, and there's no cost to sign up.

For more information, their Web site is www.payjr.com.

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