9 financial literacy apps for people of all ages

Reading time: 4 minutes

The best apps to promote tax responsibility

Financial responsibility is an important part of leading a successful life. At a time when Americans have an average credit card debt of $5,551 at an average APR of 16.8%, US citizens have also paid a total of $113 billion in credit card interest l ‘last year. Credit cards are just the tip of the iceberg, as many also have mortgages, car loans, student loans, etc. Financial literacy is a skill that for the most part has not been properly taught in the American education system – a major factor in the nation’s accumulation of debt.

Luckily, acquiring financial literacy is easier than ever with mobile apps that do everything from teaching kids the importance of being smart with their money to helping adults plan for retirement. BOSS reviews some of the best financial literacy apps based on the goals they help users achieve.

Teaching children financial literacy

Teaching any skill at a young age is, of course, optimal and can provide a solid foundation for their adult life. However, when it comes to mentioning economy and financial responsibility, most children’s eyes glaze over as they log off and ignore any further discussion. Recently, apps have emerged that gamify financial literacy and make learning the skill more engaging for young children.

Green$treets: free the loot

Aimed at elementary school students aged 5-8, Green$treets: Free the Loot lets kids adopt endangered animals while saving for food, shelter and toys. When the animals are ready, they are released back into their natural habitat. Only by spending their money wisely can players successfully prepare their animals for release.

Savings transfer

Targeted at children ages 7 and up, Savings Spree uses a game show format to help children learn how to save money. The six-round games test financial knowledge and help develop skills by showing players how daily spending habits can add up over the course of a year and how unexpected expenses can arise.

Celebrity Calamity

For tweens and teens, there’s Celebrity Calamity, which lets users choose a star and live their lives. Acting as a financial advisor, the player selects which jobs to take or pass on and manages the budget while keeping the celebrity happy. The game teaches players the consequences of overspending and the importance of sticking to a budget.

Help with budgeting

Between paying off loans, credit cards, and mortgages — as well as day-to-day expenses like food and gas — there’s a lot to consider for those hoping to manage debt while surviving and socializing. . The following apps help users get out of cycles that lead to the accumulation of even more debt.


Wally is an expense tracking app that lets you take photos of receipts and use geo tracking, making it easier to track your income and expenses. The free, streamlined interface lets users know exactly where their money is going, helping them discover what expenses they can reduce or eliminate and how they can best use their money.

You need a budget

You Need a Budget works on the simple concept that every dollar you earn has a specific job to do – namely, saving or investing, paying off debt or covering living expenses. In addition to tracking your expenses, the app offers online lessons with a live instructor and an “accountability partner” to keep you on track. According to the site, users save an average of $600 in their second month and over $6,000 in their first year. A 34-day free trial is offered to new users.


More of an online course than an app, FinStrong is ideal for those serious about mastering financial literacy. It offers playful learning, assessments, in-depth videos, and more. Subscribers learn the ins and outs of credit scores, how to choose insurance plans, how to save, how to eliminate debt, how and what payments to automate, and more.

Family finances

financial literacy, 9 financial literacy apps for people of all ages

Vector hexagons pattern. Abstract geometric background with simple hexagonal elements. Medical, technological or scientific design

It’s one thing to manage finances for one person, but when an entire family depends on your tax decisions, extra help is helpful. The following apps make family budgeting easier and enable information sharing among members, promoting financial literacy across the clan.


HomeBudget syncs with multiple devices so every family member can know what drives financial decisions. The software tracks revenue per employee, tracks expenses and organizes them by category and subcategory, and displays data in easy-to-read pie charts and bar charts.

Spend less

Spendless allows users to manage their money on their own or with the help of their family. The app allows family members to communicate with each other by marking spending locations and adding personalized messages. Spending is categorized and spending limits can be set to avoid over indulging in specific categories.


PocketGuard helps avoid overspending and reduce monthly expenses. The app looks at recurring bills and finds areas where certain services and subscriptions might see their charges reduced and where deals were found. A family budget is created based on income and expenses.

A way forward

It’s not always easy to take steps to reduce debt or save for retirement or other major life events, but the aforementioned apps can make the effort a little easier. Increased financial literacy prevents people from overspending and getting into debt. Now the power to become more financially literate is at your fingertips.

Comments are closed.