Learning about financial literacy can be somewhat dull even for adults. Thus, parents may find it especially difficult to engage children when teaching about budgeting, credit, insurance and saving. However, there are lots of websites and programs with inventive ideas for parents to use. A few websites with lots of free resources are Junior Achievement, EVERFI, and Mymoney.gov. There are also a lot of apps that that have gamified teaching about finances so that kids can have fun playing while learning. Here are a few of the best rated apps:
- FamZoo
- Rooster Money
- Savings Spree
- Celebrity Calamity
- Renegade Buggies
- Bankaroo
- Star Banks Adventure
- The Game of Life
- iAllowance
Many banks and credit unions also have programs designed to help teach teens money management. Be sure to ask your financial institution what type of savings and checking accounts that they offer for teens.
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