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Yes. To turn Music Bucks into real money, create a reward that converts Music Bucks into whatever currency you prefer. For example, you could create a reward like:
On the child's Rewards Page it will look like this:
In this example, when the child buys the cash reward, their Music Teacher Notes account will be charged 1000 Music Bucks in exchange for the parent's $10.
In this way, Music Bucks can be used as a sort of allowance. Kids might redeem Music Bucks for real money and save it or spend it on something they want.
