Friday, May 8, 2020

Money Crashers: 13 Best Educational Tools & Apps to Teach Kids About Managing Money

Here's another new Money Crashers post. It was originally conceived as just an update to an older article on websites for teaching kids about money, expanded to cover money-management apps as well. But now, with so many kids studying at home, I guess it can also double as useful information for parents looking for more things their kids can learn about online.

The piece covers 13 tools for teaching kids about money. The first six are websites and apps that teach about general money skills — from counting coins to starting a business. There are tools here for kids of all ages, from pre-literate preschoolers to teens. The last seven are apps for helping kids manage their own money — the modern equivalent of the old-fashioned piggy bank. These apps can perform a variety of tasks, from tracking chores and allowance payments to budgeting. Some are linked to a parent's bank account, so the kids are still dependent on Mom or Dad for access to their own money; others give the kids access to their own money via prepaid cards they can use in stores or online. One even lets them invest their money in stocks — yes, real ones — with a parent's approval.

Check them out here: 13 Best Educational Tools & Apps to Teach Kids About Managing Money

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