Attention all high school teachers and parents:
This article focuses on the financial management company Tykoon and its development of an app for the iPhone. This app teaches kids to manage their finances and think about the ways in which they use their money. It controls kids' expenses by tracking their spendings in a child-friendly Amazon store. This apps moralizes children by having them perform chores to receive money and rewards. This also shows parents how to push children to reach their goals based on merit.
In an educational setting, this app should be presented to high school students, particularly Juniors and Seniors. It can help them learn how to save money for college and life after high school. It teaches them appropriate work ethic by suggesting that one must work to gain money or any other satisfaction and reward. This app can be used as early as Freshmen year in math, business, or finance class to assist students in learning about money. Also, this application should be implemented in a Freshmen college course to prepare incoming students for monetary management.
There are many benefits in using this application from the early childhood ages and beyond. This is an educational app that can enhance financial security in students' lives. However, everyone may not have access to this app, and therefore, it would be more difficult to make it a requirement in schools. However, the teacher should make students aware that an app like this one does exist. Personally, if I was given this option during high school, it would help me a great deal in the future years. I have always struggled with saving, and I could have really benefited from this app if it were made available to me. Therefore, I know other students and parents will find the positives in downloading and using this app.
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