Focusing Financial Technologies on the Youth


Unfortunately most young people are not taught anything about financial literacy in school. But they tend to be more technology proficient than the older generation. This is where some of the financial literacy apps focused on teenagers, high school students, or even younger kids can be incredibly valuable.

There are free smartphone apps that allow kids to get paid for chores and build up a savings bank, all the while teaching them the importance of saving, investing, and hard work as well as building financial proficiency at the same time. Games or apps as well as websites can teach kids about knowing the difference between wants and needs, and help them save money for and work towards some of those “wants”. There are also free programs as well as financial literacy courses to help college kids, young adults, high school students, and so many other forms of technology out there.

Get help saving money when shopping. Use an app from your financial institution or your bank that slowly but steadily builds up your savings, which is an important lesson of financial literacy. There are “round up” apps, Keep the Change programs, and similar tools out there that can make saving very “painless”. Continue with saving apps.

Parents can use an allowance-chore app to teach their kids about budgeting, financial literacy, investing and more. There are options on iPhones as well as Android smartphones, and these apps are a great way to pay the kids for doing some household chores while also teaching children the basics of personal finance. After all, technology has changed so much in life these days, and chores/allowance are yet another evolution of how technology has benefited us all.


Children and young people are who are most likely to use and benefit from financial literacy technology. There are apps that promote building a savings that allow you to roundup whenever you make a purchase and what was rounded up is put into savings. Parent allowance apps are an interesting angle to me when thinking about queer financial literacy. What about the children being disowned by their families? Or the queer kids who the parents neglect to invest their wisdom into.