Awesome Online Games and Apps That Educate Littles Ones About Money Management

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Imagine how the world would be if everyone learned about money management at a very tender age! Imagine if you knew about money and how to make the most out of it in your nursery school level or when you were still five years. Would it be difficult to save money? I look at the situation and see no pending mortgages, no credit cards, a diminished national debt, and even paid off cars. 

I am not saying money lending institutions found their ways at the wrong time. Still, I mean, at least learning about money management at a younger age eliminates these debts hanging on our necks every day. Do you want helpful advice? You may go to Instant Loan and read their useful post about saving money. Today’s young generation has all it needs to learn these skills, and this is because of the advanced technology. If you doubt it, here are some online games and apps that can teach the younger generation about money management.

H.I.P. Pocket Change

H.I.P. Pocket Change is the U.S. Mint’s kid’s site teaching the little ones about the American’s money use and history. Its pages are full of kid-friendly information about how coins are made, the current U.S. coins, coin collection as a hobby, and the mint. The site offers more fun to the kids, especially with the Games and Activities section. It has games like Hoop and Darts that are purely entertainment. At the same time, Gold Rush and Map Manis are entirely lessons about U.S. history and geography. Although most of the games are narrated in horrific voices, kids old enough to read can switch off the sound and read the instructions. One of the financial, educational games is Counting with Coins, which teaches the kids about real-world money skills. It also teaches preschoolers and young school-ages how to identify different coins and their values, add up prices, and perform necessary calculations. Once they solve challenges, they receive badges and collective supplies for cartoon characters to go on camping trips.

Saving Spree 

Savings Spree is an iOS application sponsored by Money Savvy Generation and teaches the little ones about the importance of saving money for a specific goal. It is presented as a show game hosted by a talking cartoon pig and kids taking on contestants’ role. The game is specifically designed for kids above the age of seven. 

However, younger kids can still play with a parent or an older sibling’s guidance. 

Kids start the game with a small amount of money and decide how they want to spend it. They can spend it immediately, save it for short-term goals like buying books and balls, invest for long-term targets like college fees, or donate to the needy and friends. Each choice results in a mini-game like matching or a maze, giving them the chance to win or lose money. The purpose of the game is to teach children how daily decisions affect long-term saving plans. For example, buying a bottle of soda daily can pile up to $500 in a year. It also educates how unexpected expenses can slow down your savings and emergency funds’ importance in such unpredictable times.  

You Are Here

You Are Here is a site that teaches your kids to be smart consumers. It is sponsored by the U.S. Federal Trade Commission (F.T.C.) and aims at fifth to eighth-grade learners. The site comes as an imaginary shopping mall full of colorful cartoon teens. Kids visit the following areas of the mall to learn about different financial topics;

• West Terrace: West Terrace section focuses on advertising and marketing. In this area, kids learn about advertising techniques by designing a poster ad for Sherman’s Shoes. Play a matching game at Market-Match Wireless to learn about target marketing, and visit Gr8 Gadget to understand how T.V. ads can be misleading. They can also check out the Nutritional Emporium to understand suspicious health claims.
• East Terrace: East Terrace educates kids about scams. Kids learn about bogus modeling offers at Clothing Co., fraudulent health products at Maggie’s Miracle Products, and phony freebies at the Free Vacation booth. Additionally, kids are empowered with scam-spotting skills at Kablamo! Comics. 
• Food Court: This section teaches the little ones about business ideas and competition. They can learn how competition favors customers by visiting three competing pizzerias and watch a documentary about monopolies and unfair competition at the movie theater. Furthermore, kids can explore the concept of supply and demand at the Candytooth Kingdom and even protest a proposed merger at the Tripple Cold Creamery.
• Security Plaza: In this area, kids are introduced to identity theft and how to avoid it. It has four subsections; Mall Security, Network Security, Arcade, and Book Café. Mall security teaches how to reduce the risk of identity theft; Network Security explores online privacy protection, Arcade highlights the vital information to protect, while Book Café explains social media safety.

PiggyBot 

PiggyBot is a free iOS app that deals with virtual banking for kids between four and eight years. It has a familiar look and feels for kids used to the physical piggy bank, only that it deals with virtual money and not physical coins and bills. Kids using PiggyBot create a virtual account with their P.I.N. Every week, parents can add virtual funds to the accounts. This helps the parents eliminate the need to keep cash on hand allowances and allow them to watch their accounts grow. The virtual account has three buckets; spending, saving, and sharing with others through charitable giving. Kids can set goals for each bucket, add pictures of the things they are saving for, and track the progress towards their goals. Once they reach their targets, they get a particular Goat Better message and display the picture as an achievement. One limitation of the app is that kids are still dependent on their parents to hand over the promised funds. However, it is suitable for little ones who are not disciplined to handle real cash. 

Final Words 

Kids can learn more about money management skills through online games and apps. Educative fun games populate these apps, and kids end up mastering money-management skills without knowing. The good news is that the more kids interact with these apps, the more they enjoy playing the games, and the more ideas they pick up from sites. Soon, they are likely to control real cash and avoid numerous financial stresses.