Best Financial Literacy Apps for 2022

There are a variety of financial literacy apps available. Here are the most common types and what they offer.

Financial Education Apps

These apps focus on providing educational content to users through modules and lessons. They may offer videos, audio, textual content and/or quizzes. It’s one of the most popular types of financial literacy apps, and there are educational options available for users of all ages.

Allocation apps

With this kind of application, parents can manage their children’s allowances. Allowance apps typically offer automated or manual payments and the ability to offer rewards for certain tasks, such as completing chores or getting good grades. Some companies that offer allowance apps also have prepaid cards that parents can use for their children’s allowances. With a prepaid card, children can only spend what their parents load from their checking account onto the card. It’s not like a credit card, so there’s no risk of getting into debt.

Invest in educational apps

A subtype of financial education apps, investment education apps specifically focus on the topic of investing. They tend to be more advanced than other financial literacy apps and are often aimed at teens or adults.

Financial game apps

This type of application uses exciting games to help users learn about financial concepts. While financial game apps can work well for children of all ages, they are best suited for young children who may not have the attention span to take standard money lessons.

Financial literacy apps by age group

Another popular way to group financial literacy app types is by intended age range. There are apps available for elementary school kids, tweens, teens, college students, and adults looking to expand their financial knowledge.

Sarah J. Greer