Connect with us
Search

Ways to use technology as a teaching tool.

Have you talked to your kids about money? Nearly two-thirds of U.S. parents have, according to a BMO Harris report — yet only about half have started to really engage their youngest children in financial literacy.

Really, there’s no wrong time to kick-start a conversation about money management with your kids. To make things a little more fun, we’ve rounded up six engaging apps that will help them wrap their heads around everything from saving money to creating a budget. 

  1. iAllowanceThird Party Link (Ages 4 to 9)
    • How it works: Parents can opt to have kids work towards a goal, either monetary or not (for example, an hour of TV time). The app helps track their progress as they complete chores or other tasks around the house — and will even send kids reminders to complete tasks.
    • What it teaches: How to set a goal and make a plan to achieve it. Kids will also appreciate having to work to earn the things they want.
    • Where to find it: It’s $4.99 in the App StoreThird Party Link and works on iPads and iPhones.

     
    Related: Teach your grade-schoolers about money in 6 easy steps

  2. Keep the Change KidsThird Party Link (Ages 6 to 8)
    • How it works: Kids must try to match the given change amount by dragging coins to connect them vertically, horizontally or diagonally, making as many matches as possible within the time limit.
    • What it teaches: Before kids can create a budget and track their spending, they need to understand monetary value. This educational app will help them learn to recognize coins and master basic math skills through interactive lessons and a challenging coin puzzle game.
    • Where to find it: It’s free in the App StoreThird Party Link and works with both iPhones and iPads.
       
  3. Savings SpreeThird Party Link (Ages 7 and up)
    • How it works: Money Savvy Pig, the app’s game-show host, takes kids through six rounds of money-related questions to test their financial knowledge and help them build money management skills.
    • What it teaches: In this award-winning app, kids see how everyday choices can add up to big savings — or costs. Key concepts include earning money, saving for short-term goals, spending wisely, donating or investing money, and having money on hand to deal with unexpected expenses.
    • Where to find it: It’s $6.99 in the App StoreThird Party Link and is compatible with an iPhone, iPad and iPod touch.
       
  4. P2K MoneyThird Party Link (Ages 8 to 13)
    • How it works: In this easy-to-use app, kids create a budget with their income, from babysitting or their allowance, and any expenses, like a trip to the movies. They can also add photos of the things they’re saving for to get some visual inspiration to work toward their goal.
    • What it teaches: They’ll learn about the value of money and how to be financially responsible. The app encourages them to build basic financial skills, like how to budget, track their money, make a list of things they want and grow their savings.
    • Where to find it: The free App StoreThird Party Link money management download can be used on an iPhone, iPad or iPod touch.
       
  5. Renegade BuggiesThird Party Link (Ages 13 and up)
    • How it works: In this fast-paced game, kids power-up their supercharged buggies to get items from their shopping list — while collecting coins and coupons along the way (and avoiding obstacles!).
    • What it teaches: Kids learn budgeting concepts, such as how to spend wisely and be financially responsible, by using strategies like comparing prices, buying in bulk and using coupons.
    • Where to find it: This award-winning app is free in the App StoreThird Party Link and is compatible with iPhones, iPads and iPod touch.
       

Get more ideas on helping kids learn about money with our 5 fun ways to help your preschooler learn about money. If your children are older, check out these 6 simple ways to start preparing your teens for financial independence.
 
 
*App StoreSM is a service mark of Apple Inc. iPhone®, iPad® and iPod touch® are trademarks of Apple Inc., registered in the U.S. and/or other countries.

Comments are closed.