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5 Innovative Financial Tools for Kids: Making Money Management Fun

Updated: Jan 21

Hey there, parents and guardians! As someone passionate about educating the young ones about personal finance, I can't stress enough how crucial it is to start the money talk early. And guess what? It doesn't have to be boring! Today, I’m excited to share with you five super cool and innovative tools that make money management for kids not just educational but also a whole lot of fun. Let’s dive in and explore these game-changers!


Table of Contents


Digital piggy bank for teaching money management

I. Digital Piggy Banks: The Modern Twist on Saving

Remember the classic piggy bank? Well, it's gotten a major upgrade in the digital age. Digital piggy banks are an amazing way to introduce your kids to the concept of saving money. They're like the traditional piggy banks, but with a twist - they come with apps, digital displays, and even goal-setting features. What a fun way to encourage kids to save!

Take a look here for a deeper dive into the subject of integrating technology into financial education for kids!

Why Digital Piggy Banks Rock:

  • Interactive and Engaging: With digital displays and goal tracking, kids get excited about saving.

  • Educational: Teaches the basics of saving in a way kids can easily understand.

  • Fun Goals Setting: Kids can set savings goals for toys or games, making the experience rewarding.

For example, there’s this digital ATM from Amazon that lets kids practice using a debit card to get their cash out!  It shows balances and really replicates a real ATM.  It can be used with real money or play money as well (if you’ve read some of our other blog posts, you’ll know we recommend using play money as a stand-in for the real thing inside the home!).  Get yours here!

girl showing finance apps

II. Educational Money Management Apps

In this digital era, what better way to teach kids about finances than through apps? There are tons of money management apps designed specifically for kids, and they come packed with fun and interactive features like budgeting, saving goals, and even basic investing lessons.

App-tastic Learning:

  • Interactive Budgeting: Kids learn to manage their allowance and budget for what they want.

  • Savings Goals: Apps often feature goal-setting tools that make saving for specific items exciting.

  • Real-Life Skills: These apps introduce real-life financial concepts in a kid-friendly way.

One popular app is ‘GoHenry’, which is perfect for kids aged 6-12. It's not just about saving money; it also teaches them about spending responsibly and sharing with others. These apps are a win-win – your kids learn essential life skills, and they have a blast doing it! (we are not affiliated with GoHenry, but we do think they’re a great service!)

kids learning about financial literacy

III. Interactive Online Financial Literacy Games

Let's face it, kids love games. And when these games teach them about money management, it's a double win. There are numerous online financial literacy games that turn complex financial concepts into exciting challenges.

Gaming Their Way to Financial Wisdom:

  • Fun Learning: Games make complex financial concepts approachable and engaging for kids.

  • Variety of Games: There’s something for every age group and learning level.

  • Safe Online Environment: These games provide a secure platform for kids to learn about money.

Take ‘Cash Crunch Junior’, for example. It’s a game that teaches kids about earning, spending, and saving money. By making financial learning fun and interactive, these games ensure that your kids are equipped with money management skills from a young age. (we are not affiliated with Cash Crunch, but we do think they’re a great service!)

Investing application for teaching kids

IV. Child-Friendly Investing Platforms

Investing isn't just for adults! There are platforms out there that are perfect for introducing kids to the world of investing. These platforms are designed to be safe and educational, giving your children a real-life glimpse into how investing works.

Kid-Friendly Investing:

  • Introduction to Investing: Teaches kids the basics of investing in a simple, understandable way.

  • Safe Platforms: These platforms are designed with kids in mind, ensuring safety and simplicity.

  • Real Money, Real Learning: Some platforms allow kids to invest small amounts under parental supervision.

If you want to see a few great examples of apps and websites that help kids learn about investing, check out our article on the subject!

kid learning about financial education through a curriculum

V. Financial Education Kits and Workbooks

Sometimes, good old-fashioned physical materials are the best teaching tools. Financial education kits and workbooks are fantastic for hands-on learning. These kits often include budget sheets, saving trackers, and even fun money-related activities.

Hands-On Financial Learning:

  • Engaging Physical Materials: Kids love interacting with physical items like workbooks and kits.

  • Comprehensive Learning: These materials cover a wide range of financial topics in an easy-to-understand manner.

  • Family Involvement: Great way for the whole family to get involved in financial education.

The ‘Money Savvy Pig’ is more than just a piggy bank; it comes with a workbook that teaches kids about budgeting, setting financial goals, and even philanthropy. It’s a fantastic tool for comprehensive money management education.

We'd also be remiss if we didn't mention our own financial literacy course and curriculum here! You can learn more on our main-page, but the summary is that we built a curriculum for our 3 books that teach the basics of personal finance to kids! Check it out here!

the my first finance book homeschool curriculum


Teaching kids about money management is a gift that will benefit them for a lifetime. By using these innovative tools, you’re not only making financial education accessible to your kids but also ensuring that they have a lot of fun while learning. Remember, it’s never too early to start talking about money! And if you're looking for more great content, consider our article going over 10 creative ways to teach kids about saving and investing!


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