1. Distinguish needs from wants
A game like Save! The Game is free and teaches kids the difference between things they want and things they need. This is an important lesson that will help them prioritise when they need to work within a budget.
2. Monitoring your money and saving towards a goal
Apps like P2K Money app and Kids Money app are free apps that teaches kids to manage money.
It focuses on budgeting, keeping track of their income (allowance or payments for doing chores) and saving towards a specific goal on their wish list. They can upload a photo of what they are saving for and view their purchase history to remind them of what they spent their money on.
3. Encouraging entrepreneurship
To expose kids to entrepreneurship and how they can possibly earn their own money, they can help Charlie Brown, Snoopy and the whole PEANUTS gang put on a street fair with Snoopys Street Fair. You might want to lock out the ability to purchase in-app content by adjusting your device's settings.
Although the apps usually only have $ as a currency for the kids to work with, the lessons are still worth it.
You might want to read about these money lessons that you can teach your kids.
