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EconEdLink - Reviewing Money Management Apps
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Grade 9-12
,
Activity

Reviewing Money Management Apps

Time: 30 mins,
Updated: August 16 2021,
Author: Council for Economic Education
Teacher Version

Objective

Students will be able to:

  • Compare explore mobile applications that aid in money management and financial decision-making.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards


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Concepts

Budget, Decision Making/Cost-Benefit Analysis

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In this personal finance activity, students will research and compare money management apps.

Resources

Procedure

This is an individual activity where students research personal finance apps and write a report on their findings. Mobile money management apps are relatively new but offer users a variety of options. To complete this activity, students need to follow the instructions below:

  1. Read the article The 8 Best Personal Finance Apps of 2021.
  2. Then, visit the website for each of the apps and determine which one would best suit your needs. You may even want to do an additional search to find other highly rated apps and choose one of them.
  3. After making your selection, write a four-paragraph persuasive essay explaining the benefits of using mobile apps for personal financial management and why you think one of the apps is best for your individual needs. Be sure to include any research, safety recommendations, and examples of “best practices” in your essay. You may use sources other than the recommended article, but all sources should be listed at the end of your essay.
Subjects:

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