Teaching our children about money and the value of a dollar is something we have been striving for over the past year. In November we took the girls out to choose their own piggy banks and opened up their own savings accounts. Although we haven’t started with the allowance bit yet, we have given them money on occasion which they were excited to place in their little banks and by seeing the physicality of it, they are beginning to understand the concept of saving, how much is needed to buy an item, etc.
As a fan of educational apps, I was excited when I heard about Learning Money With Leo, a brand new app from RBC Royal Bank. Upon downloading this app, you are taken to a log-in screen where you can create your very own profile, allowing more than just one child to use the app. Once you create your profile you can choose from 8 different games and activities.
The Match It game is good for early readers and visual recognition of money. You are required to touch a word with your finger and then drag it to the picture.
Sort the coins is another one of my girls’ favourites. You have to drag the coins to the correct piggy bank before the timer runs out. Now you may notice from the photos that Canadian currency is used for this game, but it is a valuable tool for parents regardless.
Each game that you play rewards you with a coin which you can then use to purchase stickers for your sticker book. This gives your children a drive to earn as many coins as they can, thus practicing counting skills and learning coin recognition. The games are very well laid out (never tacky) and captured the interest of both my 3-year-old and 5-year-old. As a huge sticker fan, my eldest daughter’s motivation was in overdrive as she tried to earn as many stickers as possible.
Learning Money With Leo is designed to:
- Provide kids with an introduction to the concepts and value of money
- Teach kids about earning, saving and spending money
- Help kids develop a foundation of basic money skills that they can build upon in the years to come
This app has been a great tool for discussion when my kids want a certain toy or dress and has helped with the realization that money doesn’t just grow on trees. Free apps are usually a hit and miss. They either provide a ‘sample’ and then want you to purchase the entire version or the quality is lacking. The free app is available through iTunes in both French and English versions and provides lots of fun and educational entertainment.
Disclosure – I am participating in the RBC Learning Money With Leo program by Mom Central Canada on behalf of RBCRoyal Bank. I received compensation as a thank you for participating and for sharing my honest opinion. The opinions on this blog are my own.