Find free financial literacy apps for children like World of Money, Famzoo, and RoosterMoney online. They offer features like virtual piggy banks, savings trackers, and video tutorials on budgeting, saving, and investing. Simon Bacher, Creators of the Ling App.
Teach kids financial responsibility by giving them allowance to spend, save & share. Start a saving jar for a goal. This fosters patience, goal-setting & a healthy financial mindset. Onur Kutlubay, Founder of YouParcel
Gift stocks, not toys, on birthdays to familiarize kids with investing early on. Choose a stock they'd like or consume, like Disney or McDonalds. Monitor the investments with your child regularly. Andrea Woroch, Money-Saving Expert
Start with a clearly understood allowance. Is it tied to chores or as sole revenue for leisure activities or future savings? Defining this helps kids make spending decisions. Bob Weinschenk, Co-creator of FreeKick