An app could charge extra for specific content, or if the company also offers a prepaid debit card for your kid's allowance, then that could cost extra.įor the most part, financial literacy apps aren't expensive. Additional service fee: A fee you pay to access additional services.There are often discounts available if you pay for a longer subscription upfront. Subscription fees are generally charged monthly or yearly. Subscription fee: A regular fee you must pay to use the service.This may be the cost of buying the app, unless there's a free trial available. One-time fee: A fee you pay only once to use the app or service.With apps that charge fees, the typical fees can be one or more of the following: Some apps have both free and premium versions, with the premium versions offering more features. There are also premium financial literacy apps that cost you money.
There are free financial literacy apps that you can use without any sort of charge. There are apps available for kids in grade school, preteens, teens, college students, and adults interested in expanding their financial knowledge.įinancial literacy app fees and costs vary depending on the app. Financial literacy apps by age rangeĪnother popular way to group types of financial literacy apps is by the intended age range. Although financial games apps can work well for kids of all ages, they're best-suited for younger kids who may not have the attention span to sit through standard money lessons. This type of app uses exciting games to help users learn about financial concepts. They tend to be more advanced than other financial literacy apps, and they're often aimed at teenagers or adults. Investing education appsĪ sub-type of financial education apps, investing education apps focus specifically on the subject of investing. It's not like a credit card, so there's no risk of going into debt. With a prepaid card, kids can only spend what their parents load from their checking account onto the card. Some companies that offer allowance apps also have prepaid cards that parents can use for their children's allowances. Allowance apps usually offer automated or manual payments and the option to offer rewards for certain tasks, such as completing chores or getting good grades. With this kind of app, parents can manage allowances for their children. This is among the most popular types of financial literacy apps, and there are educational options available for users of all ages. They may offer videos, audio, text content, and/or quizzes. These apps focus on providing educational content to users through modules and lessons. Here are the most common types and what they offer. There are a variety of financial literacy apps available.
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