Ourly.help Launches Platform Digitalizing the Way Kids Learn, Earn and Save Money

Online service modernizes the ‘chore chart’; bridges digital disconnect between parents and kids to promote principals of financial literacy

Ourly.help Launches Platform Digitalizing the Way Kids Learn, Earn and Save Money (Photo: Business Wire)

BOSTON--()--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?

Ourly.help today launched its flagship platform, a cloud-based portal helping parents assign, approve, and pay their teens and tweens (7-17 years-old) for household tasks within a safe and educational interface. The online tool – in which kids complete customizable chores to earn, or “unlock”, money preloaded by their parents – aims to help develop children’s personal and professional skills while providing parents with the transparency and means to empower their kids with real-world, financial know-how.

“There is a major misconception that kids today are lazy, but the real issue is a generational gap limiting their relationship with money – they just don’t understand how its earned, or where it comes from,” said Ourly.help CEO John Malone, a father of three teenagers. “My generation grew up in an analog, tangible world, and kids today barely ever see money actually changing hands. So many of the techniques we use to educate our kids have evolved with the digital age, but, for whatever reason, the way we teach our children financial literacy has not moved beyond old-fashioned chore-charts. That’s why we designed a platform that addresses the needs of both parents and children – one that introduces financial responsibility to young adults in ways they can grasp, while at the same time providing a constructive way for parents to give money to their kids.”

Families interested in using the service can sign up for free today through the company’s website, www.Ourly.help, and getting started takes only a few minutes. Once registered, parents securely load money into their account and design customized chores, or choose from a preloaded list of 24 suggested weekly household tasks – like cleaning a bedroom or sweeping the kitchen floor – along with setting the value and frequency of the jobs.

Once set up, kids can log into their customized Ourly.help portals to see their list of chores for the week, along with the deadlines and values of each tasks. Kids can also set savings goals, and have the option to allocate a percentage of their earned weekly-allowance to charity. From there, Ourly.help automates the process – notifying kids of their tasks for the day, sending reminders (via text message or email), and providing detailed job instructions.

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. Parents can also deny approval if the job has not been completed to their standard, or, they can approve with objection (using a custom message function) if a chore has been only partially completed.

Ourly.help encourages kids to save by showing them a pie chart of how much they have made, spent and donated – and kids can use their hard-earned funds by cashing-out with any of the 50 brand name digital gift cards offered within the portal, including pre-paid VISA® cards. Parents have full visibility to their kid’s earnings, as well as how and where the funds are spent.

“The chore chart is becoming extinct, and all digital platforms on the market today still leave the management and payment to the parents – Ourly.help is the perfect solution to help to families’ schedule, approve, pay, and notify kids about their responsibilities at home on-the-go,” said Malone. “Ourly does all of this and automatically manages, tracks and repeats a weekly chore-list, which eliminates parents having to haggle, fight, and nag their kids to work. As a result, kids are excited and motivated to independently earn and manage money – and most importantly, they can tangibly see the relationship between hard work and pay, which is all but lost in an age where parents arbitrarily hand money over to children without them having earned it.”

Ourly.help efficiently puts kids to work without putting a strain on families. Parents can choose their level of involvement – from weekly ‘set it and forget it’ automation models, to more hands-on, customizable assignments and approvals. Though designed with tech-savvy kids in mind, the platform can also can be accessed and managed by less tech-literate parents: setup can be done by phone through Ourly’s experienced customer service team.

For more information, or to sign up, families can visit: www.ourly.help/ today.

ABOUT OURLY.HELP
Ourly.help is the world’s fastest, easiest, and most thoughtful way to get kids working for what they want. The online platform teaches kids to learn about and earn money within their surrounding environment through a self-paced mobile platform – providing kids with experiences that will enable them to gain valuable life skills, both professional and personal. When an “Ourly Kid” signs up, they make an agreement with their parents that they are going to commit to the program, working to earn money through mutually agreed upon tasks and chores. Parents simply assign chores, schedule them and setup payment options, and Ourly.help takes care of the rest. For more information, or to sign up, visit: www.ourly.help/. To see demonstrations of our platform, visit our Video Tours page. Connect with Ourly.help by visiting our Facebook and Instagram pages.

Contacts

For Ourly.help
Casey Ford, 617-513-7498
caseythomasford@gmail.com

Release Summary

Ourly.help is the world’s fastest, easiest and most thoughtful way to get kids working for what they want; platform modernizes the ‘chore chart’ and bridges digital disconnect between parents and kids

Contacts

For Ourly.help
Casey Ford, 617-513-7498
caseythomasford@gmail.com