Got little ones and want to adequately prepare them for the future? Financial Literacy for kids is one of the most important skills a parent can provide for their family.

But, you don’t just have to go the boring lecture route. In today’s increasingly digital world, mobile apps make it fun and easy to learn how to understand the basic principles of dollars and cents.

Let’s get into how to make your child a Financial guru with just a smartphone or tablet!

1. PiggyBot

If your child is already using a traditional piggy bank, he or she will love the digital version of this classic toy.

Piggybot enables children to visually see how much they have in their savings accounts and helps them keep track of allowance funds. You can set up a virtual account with a special PIN.

Loved ones can send birthday gift money or allowance directly through the app, and kids can set their own savings goals (with actual pictures of things they want to buy to stay inspired!).

Financial literacy for kids that promotes savings? Yes, please!

2. FamZoo

This is a mobile app the whole family can enjoy. Famzoo organizes all money-related activities, including chores and allowances.

The parents play the role of “banker” and send money directly to their kids. Everyone in the family stays connected, and it’s easy and intuitive to send money between members instantly.

This app promotes basic financial literacy for kids and teaches fundamental money management skills.

3. BankaRoo

If you feel ready to set your child up with his or her own bank account, this app mimics exactly that. It covers essential money tracking and balancing skills.

Designed as a virtual bank, children can input their allowance dollars and track their spending. Like many other financial apps, parents can send gifts and money throughout the app.

It’s a great way to teach young ones how to set financial goals and allow them to seamlessly monitor their process.

4. Savings Spree

Speaking of setting financial goals, maybe your child is eager to purchase a big-ticket item like a guitar or skateboard.

Savings Spree is a game designed for older kids (7+), and sets up as a virtual game where kids can visually watch just how small costs (like a pack of gum) add up over the course of a week, month, or year.

This game shows the power of saving money- and how to make selective choices when considering smaller purchases.

5. P2K Money

P2K Money is an interactive app that’s designed to boost financial literacy in kids by teaching the responsibility and value of money.

The app includes basic tools for spending and budgeting. It also allows your kid to create wish lists for items he or she is saving up to buy.

The app saves these wish lists, so if kids end up changing their mind (as they so often like to do), they can still evaluate if the item or toy is worth the actual expense.

6. The Game of Life

Chances are, you played this classic board game many times in your life. This nostalgic experience received a facelift in recent years, and it’s in the form of an exciting, kid-friendly mobile app.

The Game of Life will present your child with numerous choices that require critical thinking and serious decision-making skills.

Your little one may be faced with decisions regarding attending college, making investments, and accepting different jobs.

Best of all? There are several play modes available. You can play online in a multiplayer format, in a fast, short mode, or connected through local play with friends.

7. Flocabulary

Designed for K-12, Flocabulary provides an interactive way to teach financial literacy for kids.

Using different songs, videos, and even rap battles, the app covers important financial topics, such as budgeting to credit cards to emergency funds to paying for college.

If your kid zones out when you lecture them about money smarts, this app may be the ticket for you! After all, your rapping skills probably are a little bit rusty.

8. Coin Math

Remember using dollars and coins to learn how to count (back in the dinosaur ages)?

Well, it turns out there’s still some merit behind this old-fashioned counting skill. Coin Match teaches children how to identify and count coins and how to pay and make proper change.

It’s a simple app, but an important one- especially if you’re little one struggles with addition and subtraction.

9. Bee Farming

Have a kid with an entrepreneurial spirit? There’s an app for that! Financial literacy for kids isn’t just about learning how to save- it’s also about learning how to make smart business decisions.

Bee Farming capitalizes on that premise by allowing kids to “start their own business” with $100 and a swarm of bees. Each week, your kid can put the bees to work and sell the earned honey.

This game teaches the basic principles of investing, understanding risk, and making wise business decisions.

10. Save! The Game

Save! The Game has a very simple objective: collect as much virtual money as possible and save it in the bank.

With that said, there’s a catch! Your kids will need to avoid all the tempting “iWannas” impulse buys.

This app is a great way to teach financial literacy for kids in a way that feels both authentic and enjoyable.

Final Thoughts on Boosting Financial Literacy for Kids

Good parenting is hard, but you play an integral part in modeling and teaching appropriate financial health. You have a lot of power in setting the stage for making healthy money habits. Don’t squander the opportunity!

These apps also take the full burden off you- and let your kids have fun in the process.

Interested in learning more financial and parenting tips? Be sure to check out our blog regularly!

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