3 Apps to Help Your Kids Become Financially Savvy

Your kids won’t even know how much they are learning with these fun apps!

It is never to early to teach your children about the importance of being financially savvy. Sitting your kids down and explaining your retirement plan to them may be enough to put them to sleep, though. Luckily, there are plenty of fun, kid-friendly apps that can give your kids more financial know-how. Consider downloading these apps to get them on their way to financial stability.

For learning to balance a bank account

Bankaroo. This free app is designed for kids ages 5 to 13 and helps your kids keep track of their allowance and other money through a virtual bank. Your kids can enter their virtual allowance amount, set savings goals, and debit any money that they spend. Parents can also make one-time virtual gifts, match their kid’s savings, or schedule allowance payments.

For teaching the value of a dollar

Renegade Buggies. Kids ages 13 and up can race shopping carts down the street of this game, picking up dollars, coins, and products. Once they make it through the course, they have to figure out which of the items they picked up will give them the best bang for their buck. If they miss a money saving opportunity or take too long, a message will help steer them in the right direction.

To encourage entrepreneurship

Motion Math: Cupcake. Kids ages 9 to 11 are able to set up their own virtual cupcake shop that is open to the “public.” Those customers place orders phrased as word problems to help kids work on their math skills. Teaching money skills using something that kids find exciting, like cupcakes, helps to keep them engaged.

When it comes to keeping your finances stable, having the right insurance policies can help you reach your goals. Contact Stromsoe Insurance Agency for all of your California insurance coverage needs.

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