Parents act as bankers, kids as customers.
#BEST CHECKBOOK APP 2018 HOW TO#
The goal is to understand how money works, how to budget and how to save.Įach family member is issued a card that is linked to the app. It allows older kids to take more responsibility for their own personal (real-life) spending. FamZoo Family FinanceįamZoo has been featured in The Wall Street Journal, The New York Times and Money magazine, among other publications. The app teaches concepts including budgeting, making donations and setting financial goals. Different characters come with different financial challenges. Money can be earned by planting gardens and spent by buying food and decorations for your own treehouse. The app is all about rescuing, feeding and playing with endangered animals to finally release them back into their natural habitat. First her characters appeared in books, later the app Green$treets: Unleash the Loot! was developed. It was Neale Godfrey's goal to entertain and educate kids at the same time when she created her famous Green$treets kids cartoon characters. All in all, the game is exciting and teaches how to properly manage money. Living within your means gets rewarded, while spending recklessly will lead to hefty bills that must be paid somehow at the end of the day. As the player, you manage the finances of your favorite celebrities and prevent them from spending more money than they have. Celebrity CalamityĬelebrity Calamity is another award-winning financial literacy app for kids that features celebrities and their spending habits. It teaches about money and its value in a subtle way.īankaroo features multiple currencies, such as dollar, euro and British pound, and you can even set goals - such as saving for a new bike, drum set or special trip with your family. The app serves as a virtual bank for kids without being tied to an actual bank account. The inspiration behind Bankaroo is 11-year-old Danielle Gafni, an honor student who was looking for an easy way to track her pocket money. Smart consumer strategies, such as comparing unit sizes and buying in bulk, are implemented into the game. The dynamic, fast-paced game teaches financial literacy with a focus on saving as much money as possible while grocery shopping.
Renegade Buggies designed by the National Center for Families Learning (NCFL) has earned a REVERE award, which honors " high quality resources that educate learners of all ages, in all media, and in all educational environments." The app also teaches kids about unexpected costs by adding in surprising life events to simulate financial shocks. Kids can play to earn imaginary money by making smart financial decisions, but also lose some of their imaginary savings when making a wrong choice. Savings Spree also explains concepts such as charitable giving and investing.
They also gain knowledge about short- or long-term savings, as well as the risk associated with impulse purchases. It's an engaging, fun and educational app with beautiful artwork that's easy to use and age appropriate.ĭuring practice sessions, kids learn about earning, spending and saving money. Savings Spree has earned a Parents' Choice Award in the category of Mobile Apps.
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