Teaching kids about money is a very important topic in our home. We believe that when we help our children learn key money concepts, we help raise responsible adults. We help them avoid overspending and unnecessary debt in their future life.
We started teaching kids about money as early as 3 years old. The first step in their learning process is to get them a piggy bank. When my princess turned 3, we offered her a pink piggy bank. Each time she behaved well, we rewarded her with few coins. Now she is 4, and she already understands some basic money skills such as: she needs to give money to the cashier if she wants a candy. The more she has in her piggy bank, the more she can buy. However, we could not get her to recognize the coins. She called all the coins: $5 whether it was a quarter or a $20 bill. At first, it was funny. But my princess will turn 5 in few months; we thought it would be a good idea if she recognized the coins.
So, when I had the opportunity to review the Learning Money with Leo iPad app, I thought it would be the best opportunity to help her recognize the coins and learn new key money concepts.
Learning money with Leo iPad app: A free tool teaching kids about money
This free iPad app is developed by RBC Royal bank. It is a fun way to teach your kids about money. This app is designed for children ages 3 to 6 years old. My daughter, who is four, falls into that range. It is available in French and English. For more details, you can visit RBC.
The app has a feature where we can add the child’s name. We helped our daughter in this process as she does not know how to write it yet. Then we moved to the main screen where we discovered six amazing features that help teaching kids about money in a funny way.
We observed our princess during her play and helped her a little. Leo the Lion (the main character) gave her the appropriate instructions and cheered when she succeeded. All the instructions can be read on each game, which is a great exercise for 1st grade kids.
The app has the following features:
One coloring book featuring a piggy bank and other funny pictures. It was my princess’ first pick.
One sticker book and sticker store where the child can buy stickers from the store and decorate his or her own book.
One read along story book featuring 2 young children. I will let you discover this wonderful story with your little one. It will teach them the value of earning and saving money.
5 interactive games,
All of the interactive games have timers. At first, I thought it would be too challenging for my 4-year-old, but she managed to finish all the games on time. After each game, the child earns rewards coins . These rewards will enable them to buy stickers at the sticker store for their virtual sticker book. It teaches them the value of earning money and saving for future use.
- Sort the Coins game. The child has to drag each coin to the correct piggy bank before the timer runs out. To help the child in this process, each time she touches the coins, the appropriate piggy bank flashed. Leo helped her with encouraging instructions. It kept her going.
- Gather the coins in a planet by tilting the iPad.
- Solve the maze by helping the loonie finding its way through the maze. It’s a great way to teach.
- Match it: the child has to match money related words with the appropriate pictures. My 4 year old does not read yet. This game will be perfect for kindergarten or 1st grade students
- Spot the differences features two lion pictures.
After a few days of discovering and playing with this great app, I tested my daughter’s skills. I gave her few coins and asked her to sort them out. She was able to differentiate each coin and name them. No more $5.
This is a great app to teach your kid money concepts. They will learn how to count, save and earn money. Download it now. It’s free.
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Disclosure – I am participating in the RBC Learning Money With Leo program by Mom Central Canada on behalf of RBC Royal Bank. I received compensation as a thank you for participating and for sharing my honest opinion. The opinions on this blog are my own.
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