Money Apps Use By Teenagers To Control Spending

Money Apps Use By Teenagers To Control Spending

The habit of saving money is not inherited, it is a skill you acquired at home under  your parents supervision and also some class room teachings. There by most mothers always try to make sure that there kids try out money management apps.Parents should lectures there kids on how money can be spend in the best possible ways and vise versa. Technology have contributed a lot to the various success young teenagers have recorded in so many ways including education, but in other to achieve a maximum life comfort, these young teenagers needs to be very well exposed to financial technology that promotes money management skills and helps to simplify finances as well making your concentrate on your life and career goals.
And here are some of the best financial apps for both teens and the young adults.


1. GREENLIGHT

This is a kind of card in which the parents can be able to monitor or have control over the financial activities there kids are going into. This kind of card also permit the the child to also have a glance of what they have using there smart phones and with that they will have able to know there worth, this will make it possible for them to know what they should or should not buy With this it will save them any form of embarrassment of them buying more than they can afford or even helping them to be mindful of how they spend money. And this app also have a part in which the kids can save money and then receive st least up to 10 percent interest on it and this will gives them the good and clearer picture of the importance of savings.


2. MANNILA APP

This is an efficient money app that functions efficiently as a bill pay service as well as a digital folder. It makes alot of financial activities very easy by making it possible for it user to track spending and pay bills, Customize ability is one of the uniqueness of the app that makes you receive essential alerts for both incoming and outstanding bills. This app is very easy to use and extremely efficient.


3 FAMZOO

This is another app that makes parents to critically monitor the a finance spending of there child The children when they have an assignment or some kind of works to do, you can promise to credit there account and it will serve as a way of encouragement, this app could be use as a high technology allowance system. There is a monthly money that is payed into it but that will be after the 3 months of free trials

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4 BUSYKID

This is a very important app also that is use to save, invest, earn and also make certain payment for kids of 16 years and below. The busykids future is what makes the parent able to assign some kids domestic house chores and other related works also. The app is in such a way that the kids get a credit alert every Friday after you must have confirm that they have done the work you assign to them and also permits them to make extra bonuses if they do extra works.


5. MINT

Most personal finance advicers and alike companies have seen the very important use for it usefulness. It is now regarded as one of the best money app amd choice of personal finance on smart phones. It is free, love, respected and chosen by alot of people. It is really targetred for adults though, but it maybe very perfect for  some kids who have job, bank account and pay certain bills by themselves. And another good thing is you wouldn’t as a parent need to be the one cautioning your kids on spending, this app will do that and essentially reduce rhe spending on unnecessary budget by kids


6. SAVINGS SPREE

This kind of savings focus on the risk that is attached to educational entertainment. It makes the child developed the ability to save well as well.  It receives award also, you will get  to realise that the way we spend money everyday get to accumulate and if such money was to be saved, that would have been a good money value at the end of the day. So, this is also a money App that helps so much in the management of the youth spending


7.BILLGUARD

This makes the users to be  the champion of there own account, it does makes alot of hidden transaction to be visible and this get the user very prepared and alert on the various expenses going on in your account. It offers  a very transparent financial situation for it users


Reference:

1. 6 Money Apps Teens can use To manage there spending. https://www.huffpost.com/entry/money-apps-for-teens-and-parents_l_5c979128e4b01ebeef108c34.
2.Best financial Apps for teens and yound adult-Sage vest kids, 11 Dec. 2018. https://www.kidsfinancialeducation.com/best-financial-apps-for-teens-and-young-adults/
3. 10 personal finance Apps for teen and young adults, 31 july 2015 https://amp.benzinga.com/amp/content/5722674.

Image Credit: martechadvisor.com

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