Apps for money smart kids


By:  Jess Thornton

Earning pocket money for household tasks like taking out the rubbish, setting the dinner table and mowing the lawn, helps to teach essential financial literacy skills that can't be taught in schools.

Before mobile applications and internet banking, children learnt about money and savings from the trusty piggy bank. According to ASB GetWise, teaching children positive money habits from an early age can help to set them up for the future.

To build on what your kids are already learning in school, see below three easy apps to help them gain smart money skills to take with them for the rest of their lives.




Spriggy is perfect for managing your kids pocket money from as young as six, or helping a teenager stay accountable with visual savings goals. For as little as $2.50 per month, parents can have a complete view of their kids’ financial position. From setting pocket money, overseeing savings goals and tracking spending to instant transfers or locking cards.

Spriggy not only builds kids independence but also gives you the ability to monitor their spending habits. For parents who love to keep an eye on their kids spending, you and your child can receive real-time notifications every time the Spriggy card is used.



Home-group online budgeting tool Pocketsmith isn’t just for kids. Ideal for over 14, this app is the perfect solution if they’re earning their own money and want to budget wisely keep track of their spending. Teens don’t need to be as strict with their budget while they still live at home; however, getting into the habit of tracking their spending to see where their money goes is excellent practice for when they move out.

It will give them an indication of their spending habits and open up the opportunity to talk to you about their money questions. Described as financial forecasting for dummies, the free version of Pocketsmith allows manual updates, up to 12 budgets, two accounts and six months’ projection. Find out more here.



Bankaroo is the perfect option for kids who love games. Created by an 11-year-old, Bankaroo is a virtual bank for kids to learn about money, saving toward goals, making decisions and tracking expenses all in one place. Using gamification and a colourful interface, Bankaroo engages kids using fun badges. With smart automation and notification features, your kids won’t miss a beat when it comes to their money – and neither will you.


Disclaimer: Resimac is not associated with the apps above, and recommends each family undertakes additional research to find the best solution to fit their needs. We are not recommending the apps as financial advice. The opinions expressed in this article are the opinions of the author(s) and not necessarily those of Resimac.