The earlier kids learn how to manage money the better. Teaching them about how to budget their pocket money and how to look for good deals at the supermarket are great ways for them to learn the basic of personal finance.
Another great way you can teach your kids about money management is through apps that were specifically developed for that purpose. In this article, you will find the four best apps that teach your kids personal finance skills.
The earlier kids learn how to manage money the better.
1. PiggyBot
PiggyBot is an app that allows kids to track their monthly pocket money using virtual money. That way if you don’t have five dollars to give to your kid when pocket money is due, your child can record it in the app and you can pay them later. Also, when your kid makes a purchase that can be reflected in the app so both you and your child can see how the money is being spent.
The app is available for free for iOS on the Apple app store and is recommended for kids aged six to eight.
Apps are a great way to teach kids about money.
2. Green$treets
Green$treets is an app that where kids learn about money by rescuing endangered animals in the magical town of Green$treets. By creating and utilising a budget, kids can virtually buy animal food as well as toys for the animals to play with before they are released into the wild again. Players can also earn virtual money by completing fun tasks such as planting a garden or tossing items using the treehouse catapult.
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The app is available for free on both Android and iOS and is recommended for kids aged five to eight.
3. Renegade Buggies
Renegade Buggies is a fun app that involved an action-packed shopping game where kids have to save as much money as they can to accumulate “buggie bucks”, which can then be used to make savings and investments.
The app is free for Android and iOS devices and is recommended for kids aged six to eleven.
4. Savings Spree
Savings Spree is an interactive app that teaches kids how to manage money through a range of six games the kids can play. The game teaches children how to earn, save and spend money and, thereby, helps to prepare them for the real world when it comes to money management.
Savings Spree costs $7.50 and is available for iOS. It is recommended for kids aged seven and older.