How to Make Your Kids Financially Appy
Our children now spend a lot of their time online these days mostly via their smartphone and it is the way that they get a lot of their information.
It, therefore, makes sense that if you want to make your kids be more financially savvy and give them a good grounding in personal finance skills, you might want to download an app that will help them learn more about how to work with money.
If you have not enjoyed the best financial path yourself for whatever reason, and have had to look at bad credit loans at some point, you will understand the need to try and ensure your kids understand what is involved when they start dealing with money.
It’s good to talk about money with your kids
There are some topics that parents find a bit difficult to talk about with their kids, and money is one of them, sometimes because they don’t feel like they are suitably qualified enough to pass on some good financial habits.
Even if you go few the basics and teach your children that money has value and when you spend it, it is no longer there. Using cash to pay for things when with your children, will help to illustrate this fundamental lesson.
Once they have a basic concept of the meaning and value of money, you might want to try talking to them through a medium and in a language that they all understand, which means using the internet and some suitable apps, to provide them with the lessons they need.
Savings Spree is a good starting point
A good example of what certain apps have to offer is highlighted by the features you get when you download an app called Savings Spree.
There is a small cost for this app, but it does a good job of teaching your kids some important financial skills. There are six games included within the app where your child gets the chance to earn virtual money and then decide whether they should spend it or save it in a virtual piggy bank.
Savings Spree is a very visual and interactive app that is suitable for children aged seven and up. It shows them the various consequences of either saving, spending or investing their money, which is certainly a good starting point in the financial education, and the games are fun, which means they should have fun while learning.
Renegade Buggies will help to encourage dialogue
If you want to try an app that is free to download and encourages players to learn how to make savings and investment decisions, Renegade Buggies is worth considering.
The app is based around a lively and fast-moving shopping game, and has been developed by the National Center for Families Learning. It allows the kids to accumulate a virtual currency known as buggle bucks and then asks them to make decisions on what to do with the money they have accumulated.
These are just a couple of apps to consider, but when you think about how in tune kids are with their smartphones, it is not a bad way of introducing them to money lessons in a fun way.
Ben Head loves to share his money-saving insights and research. With the economy the way it is there’s never been a better time to learn how to make savings in everyday life. If you find Ben’s content useful, you can read more of his work at https://www.everyday-loans.co.uk/news/
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