Apps for raising money-savvy kids

Published on 5th November, 2018 at 10:48 am

It’s never too early for lessons on financial management! The best gift you can give your children is to teach them about money from an early age. Not sure where to start? These apps have you covered through every stage. And the best part? These apps are all free on Android and iOS!

  Ages 3-6: PiggyBot App

This award-winning virtual piggy bank introduces children kids to money basics, helping them spend, share, and save smart. PiggyBot is easy to use and a fun way to teach children how to save and track their spending.  Instead of cash, your kids have a virtual balance with you and you decide how to allocate their allowance.

 Ages 7-10: Kids Money App

A fun way to educate kids on one of the most important money lessons: budgeting. As children grow, the more they start to understand how money works, this app is the best way to introduce lessons on budgeting as well as saving. Kids Money allows you to set goals with your children, then reward them via the app as they achieve them.

Ages 11-14: P2K Money App

This easy-to-use app teaches teens how to manage their money by reinforcing healthy budgeting habits. You can oversee your child’s progress and the app encourages them to keep working towards their savings goals through motivational functions like uploading pics of what they’re saving towards.

Age 15-18: Toshl Finance App

This is the best app to prepare your teens for their career and how to be money-wise. Toshl Finance allows your children to track their spending, teaches them how to organise their bills and encourages them to keep working towards their savings goals. The app has simple budgeting tactics to help teens manage their finances from high school  right through to their first jobs.

Make sure your family is well taken care of, speak to a financial planner for financial planning through the ages.