What are the best financial management smartphone apps? Rising financial awareness with phone apps for student. How to be financially smart with the help of a phone?
Making smart financial decisions is not always easy for adults, what to say about children. However, the earlier they start understanding the basics of the economics and realize that a regular piece of paper can be worth of something, the better. As a parent, you may always help plan your kids budget in the real life. Such as getting a cute pig money box and teaching the kid to save money for their dream toy and break it with the hummer then the time comes up. The only time no one cries over a poor broken piglet, isn’t it? Though phone apps bring much more fun into this.
This app is designed for the small ones (7 and up years old) to teach how to earn some money. They have a goal – to build a nest, which emphasizes the importance of visualization of the final purpose. The game rewards children for making smart choices and spending the money properly. It is building some important basic patterns for financial responsibility: kids not always realize at the early age what it takes their parents to buy them a favorite toy. Through visualization children learn faster how saving a dollar on soda a day can bring extra 365 dollars in the end of the year.All that fun for your kids gadget costs $ 5.99.
Not only kids need help in managing finances. It’s a web app for college and school students guiding through their “life”. An avatar makes the decisions and the app restores the financial situation for the future taking these actions into account. It accelerates the consequences of the decisions that can be made in real life, so we can judge whether it can be worth of it. It manages the finances and pictures possible life situations, such as being robbed, and gives possible outcomes and actions.
It’s another great app designed for kids to keep track of their allowances. Every kid has a special wish list. Teach your kid to save for an item from a list on his own, so they can understand its value. It works in a format of a finance manager and guides a kid through the wish list to reach the goal. This app is free.
This app is not about fun or entertainment. It’s a serious finance manager what will come in hand for college students and adult as well. It depicts your real income, investments and expenses, giving advices on how to manage them. You may use it as a planner to build long term saving plans, such as college for children or buying a car. You may as well set the reminders and deadlines for payments. It costs $19 per month with the set up price of $380.
Probably the cutest learning game for kids: rescuing animals via buying food, toys and shelter is the goal of this app. Children get interested in saving money and making smart choices, as they get emotionally inspired through the compassion to animals. It is a great mix of finance education, developing the sense of responsibility and love for nature. It is targeted for kids from 5 to 8 years old and is free of charge.
The kid plays a role of a financial consultant for a celebrity, who is spending money uncontrollably. The task is to come up with the decisions that will be smart enough and will satisfy he celebrity.The aim of the app is to help children set a line for what is unreliable finance behavior and what consequences it can involve. It is good for kids of 6 years old and up and is free to use.
As you see, it is never early or late to become financially literate, just use some of the free time for both playing and managing your business. Tablet and phone apps are easy and comfortable to use so don’t miss the opportunity to study and don't forget to think about apps removal in Mac for future.