People everywhere are
looking for ways to improve their own financial situations, increase their
financial literacy knowledge, and for tools to help their children establish
the right habits early on. Here are 3 innovative apps focused on increasing
financial literacy at all ages.
Pennybox,
funded by the $25,000 Minimum Viable Product Grant from the New South Wales
government, is now available free to kids and families across the US. It
empowers kids to manage their own personal finances through hands on learning.
Parents can control a number of settings and the app enables money to flow
between family members.
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Bite of Reality |
The Bite of Reality app aims to teach young
people the basics of finance by having them take a “real world” test drive
complete with a job, money, and the freedom to make their own financial
decisions. The teens are given a fictional occupation, salary, spouse and
family, student loan debt, credit card debt, and medical insurance payments.
They then visit various stations to “purchase” items such as housing,
transportation, food, clothing, household necessities, and daycare.
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Credit Stacker |
Angel Rich, The Black Enterprise Elevator Pitch winner recently released her
second product from the WealthyLife product line, CreditStacker.
Credit Stacker is an innovative financial play on credit reports. The game
pieces look and feel like credit items, accumulating over your life span to
impact your credit score and net-worth.
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