Summertime can be financially draining. The kids are going to camps, families take vacations, there are days out, etc., etc. This article takes a look at a couple of apps which can help facilitate these scorching summer months.
First up is P2K Money which is a perfect way of educating kids about finances. Summertime is optimum for this since there is no schooling anyway and it can be fun. For kids who love technology and gadgets, the monetary lesson gleaned from this app lets them track their earnings (if they have an allowance, a summer job, babysitting, lemonade stand, dog walking, etc.), watch their savings increase and even make a “wish list,” featuring pictures of all the things they want to purchase.
The great thing about the P2K Money app is that it gets kids into good financial habits by showing them how rewarding it is to make money when they work hard and how not buying everything they see straight away can result in larger savings which will enable them to buy bigger items down the line.
One for the adults this summer is the Price Grabber which is really good for keeping costs down. While not a new app, when you find an item you like (kids could benefit from this too actually), you can scan the barcode and check prices elsewhere. Also, being aware of how much something is can encourage you to stick to a budget, especially in the summer when spending is more likely to get out of control.