According to the National Association for the Education of Young Children (NAEYC), technology and interactive media are effective tools to support learning and development in early childhood when used intentionally and appropriately. What appropriate apps can you download to teach your young entrepreneurs to be financially literate while they explore and expand their access to new content and skill?
Device Operating System: iOS
From 4 years old
This is an engaging tool to help children become money-wise. Pocket money helps to transform children’s understanding of money. This app assists children manage their pocket money. It helps them set goals and save for it. There are also in-app rewards for good money management. What’s fantastic about this app is that the currency can be changed so you are not limited to dollars.
From 5 to 10 years old
Kids using this app will visually learn and practice addition, subtraction, multiplication and division using pets. Basic arithmetic is a crucial skill for any young entrepreneur to learn. This app assists those still picking up the concepts.
From 7 years old
This app is the winner of a parent’s choice gold award and winner of editor’s choice award because it teaches serious lessons in a fun way. The purpose of the app is to show kids that they can save their money for short-term goals, spend wisely by making frugal decisions, donate to others or invest money so that it will grow to meet future needs like university.
From 9 to 11 years old
Motion Math Pizza
What child doesn’t like pizza? Here is an app that teaches economic and mental math as kids run their own pizzeria. This stimulating app allows children to buy ingredients, design pizza’s, set prices, and then sell them to all sorts of interesting customers. The app also provides the opportunity to upgrade their Pizzeria as their profits grow, giving them a real entrepreneurial experience.
This is an engaging and challenging app that practices and reinforces math fact fluency as a child successfully feeds the sushi monster. It strengthens reasoning strategies for whole number addition and multiplication by helping monsters make a target sum or product.
Device Operating System: Android
From 3 years old
Street Food Tycoon
This app gives your child the opportunity to run his or her own food truck. The app allows a child to sell in various locations, earn coins and upgrade. It’s a great game to learn proper budgeting because you can over spend and then not be able to restock to make more sales.
This game shows the child the power of owning something and having employees work in the business so that you don’t always have to be there. You have the option to buy different businesses and then hire employees to run them. The business continues to grow while the child is away to demonstrate that business making money in their absence.
From 9 to 11 years old
This is a fast-paced shopping game that challenges children to save as much money as they can. As kids complete stages, they accumulate “buggie bucks” that they can use to make saving and investment decisions.
It’s important to nurture a child’s natural inclination to be creative risk-takers. Technology is an effective tool to do this. Let your child explore apps that cultivate entrepreneurship by growing their money management skills and arithmetic understanding so that they can be young entrepreneurs that can walk into the future with confidence.