What parents need to know
Parents Need to Know
Parents need to know that Savings Spree is an educational game in the format of a game show that aims to teach kids the value of money and how money works. Each of six topics is taught through a round in a game show where the overall goal is to save money for a nest egg. Kids learn about earning or saving large amounts of money as well as about actions that save small amounts that add up over time. Kids can play all six rounds together or one at a time.
What kids can learn
- the economy
Thinking & Reasoning
- thinking critically
- work to achieve goals
Engagement, Approach, Support
Interesting real-world information is delivered in a game show-style voice with stagnant image slides. This isn't so much a play-it-over-and-over-again app as an important lesson for kids as well as adults.
Excellent financial lessons are presented in an easy-to-understand way and reinforced with fun activities.
The app's interface is very intuitive, with useful instructions given along the way. The practice round gives kids details and examples, and the tutorial section also includes valuable information. Resources for parents are included, as well.
What's it about?
SAVINGS SPREE is based on the Money Saving Generation concept for teaching kids financial responsibility. The concept uses an actual divided piggy bank with sections for SAVE, SPEND, DONATE, and INVEST to help kids choose where to put their money. The app includes resources for parents, tutorials for kids about making wise decisions about money, and a game show-like activity where kids earn, spend, and save virtual money.
Is it any good?
Savings Spree is a playful game that demonstrates basic financial concepts to kids. The important lessons of being responsible with money will seep through as they play the six game show rounds. Once kids have played a few times, they may have absorbed all the information, but the more they play, the longer they'll remember the lessons. If some rounds don't hold kids' interest, rounds can be played individually in the practice area.
Families can talk about...
Help your kid outline a financial plan based on the save-spend-donate-invest concept.
One of the game's rounds involves identifying modern U.S. coins and paper currency denominations. Have real coins and paper currency on hand for kids to practice with.