The 7 Best Financial Education Apps for Students and Teens

GoHenry is a financial app designed for youth ages 6-18 offering a prepaid debit card with smart parental controls and a companion app with real-time notifications for every transaction. The app helps children learn financial independence while giving parents peace of mind.

Young users can learn to budget, earn money through chores and assignments, set savings goals, spend smart, donate to charity, and gain real-world financial experience. GoHenry’s in-app money missions feature interactive quizzes and videos, motivating users with points and badges as they learn how to save, invest and more.

Designed for security, the customizable GoHenry Debit Card is linked to an app with multiple parental controls, ensuring financial responsibility without the risk of debt or overdraft. The app offers features such as prepaid recharge cards, real-time spending notifications, blocked insecure spending categories, chip and PIN protected transactions, secure PIN recovery, bank-grade encryption, reliable card replacement, and easy locking and unlocking of cards.

FamZoo Family Finance combines prepaid cards and financial education for children and adolescents. Designed to help families develop good personal finance habits, FamZoo offers a collection of linked, app-backed prepaid cards packed with family finance features that reinforce good money habits. The app can also track IOU accounts for money found elsewhere.

FamZoo maintains parental control while empowering children and facilitating money requests, refunds and IOUs between family members. The app teaches kids about compound interest, debt, hard work, budgeting, and charitable giving, allowing families to customize their virtual bank to emphasize their unique values.