Best Money Apps for Kids
If your kids are already playing games on their smartphones or tablets like my daughter, Consider sneaking in an app that will teach them some valuable money skills. In this article, we will discuss the best money apps for kids.
Educating your children about money may not be at the top of their priority list.
But they may be more inclined to learn about budgeting and money management while playing.
Whether you want to teach kids how to save money or show them how to better manage their allowance.
You can access a handful of money apps that do the whole process.
Get them to say, “I am an excellent money manager!”
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6 of the Best Money Apps for Kids
Children who are used to saving money at a pork bank will enjoy the digitizing experience with this app. PiggyBot helps kids see exactly what they have in their savings account and keeps track of their assignments. They have set up a virtual account with a PIN using a smartphone app, and parents can send their children an allowance. Or gift money directly through the app. Children can set savings goals and take pictures of what they need to stay motivated.
FamZoo likes to teach children about financial education from preschool onwards. It has two systems: one, the traditional credit card model now adopted by other companies; for younger children, Dwight has developed an IOU system that does not target prepaid cards. To make sure your program is helping families with younger children, there are many of the same features in the form of a promissory note.
Children can view their own dashboard and indicate when they have done the work, when they want to save, or when they would like to donate to charities. Families with children under the age of 13 can choose a card “in the name” with the name of the parents.
3. Saving Spree
If your kids have an entrepreneurial spirit or want to save for the high-priced items they need, connect with Savings Spree to learn some smart money lessons. The app is designed for children ages 7 and up and is set up as a game. Where kids can see how even small costs add up year-round. It also shows the importance of having a rainy day background. The game also tests children’s financial literacy at all levels.
4. Allowance & Chores Bot
Older kids will find it fun to get a work grant, allowing them to keep track of all the chores they have to do to earn various rewards. Allowance & Chores Bot is set up so that the family can manage all tasks in one place and keep track of who has completed their work and who deserves their assignment. The app can come in handy to encourage kids to do their jobs, and parents can add rewards and penalties along the way. Children can keep track of their savings accounts and what they are spending.
If your kids are old enough to open their own bank account, or can’t wait to get started, teach them the basic cash-tracking and check-balance skills with Bankaroo. The application acts as a virtual bank where children can enter the allocations received, set savings goals and report how much they have spent. Parents can send gifts directly through the app.
6. Kids Money
If you think your kids will do well with a simple savings calculator and money tracking tool, take Kids Money to a test. The app makes it easy for kids to understand and visualize how to make and plan for greater savings, and how long it would realistically take them to reach their savings goals if they saved some or all of their allowance.
Before you go, I hope this above article best money apps for kids is helpful and informational for you.