15 Finest Cash Apps For Teenagers in 2023


Do you need to train your teen methods to handle cash? If that’s the case, one of the best cash apps for teenagers will help.

Costs and options differ for every possibility, however all cash apps goal that can assist you and your little one higher handle their cash.

We discovered the most well-liked cash apps for teenagers, evaluated what they provide and decided how they will help your teen enhance their funds.

Finest Investing Apps for Teenagers

There are some apps for teenagers which can be targeted on investing. Though every app could have a number of options, we’re sharing how the investing portion of the app works.

1. Acorns Early

Acorns early

Acorns is a cell banking app that prices $3 per 30 days for a private account and $5 per 30 days for a household account. 

Together with your Acorns account, you get your individual private banking and spending account. You additionally get a financial savings account and an funding account.

Once you improve to the Household account, you possibly can open Uniform Transfers to Minor Act/Uniform Items to Minor Act (UTMA/UGMA) funding accounts for every of your kids at no further value.

All funds invested with Acorns go into one in all 5 ETF portfolios. These portfolios have various ranges of threat, starting from conservative to aggressive.

Funds deposited into children’ accounts robotically go into essentially the most aggressive Acorns ETF (100% shares) for optimum development potential. 

The minimal funding is simply $5 per 30 days. As a mother or father, you possibly can switch the account to your little one once they attain your state’s authorized age. 

Worth: $5 per 30 days

Execs: Inexpensive month-to-month contributions, a number of children’ accounts for one worth 

Cons: Month-to-month payment, no tax loss harvesting

Be taught extra: Acorns Review: Is Acorns Worth It To Invest Your Spare Change?

2. EarlyBird

EarlyBird is a UGMA account that helps your little one make investments for faculty or some other future bills. 

Like Acorns, EarlyBird has 5 ETF portfolio funds you possibly can select from, from conservative to aggressive. 

In contrast to Acorns, EarlyBird means that you can select the combination of portfolios you possibly can put money into to your little one. You’ll pay $2.95 per 30 days to speculate should you open an account for only one little one.

In the event you add extra kids later, the worth goes as much as $4.95 per 30 days. One other good factor concerning the EarlyBird account is that you simply get a customized hyperlink you possibly can share with others.

Ship the hyperlink to grandparents, uncles, aunts, mates and extra to allow them to assist construct your little one’s funding account. 

Worth: $2.95 or $4.95 per 30 days

Execs: Select from 5 completely different funding portfolios, share the hyperlink for others to contribute 

Cons: No different companies are provided

3. Constancy Youth Account

Well-liked brokerage agency Fidelity offers a Youth account for teenagers to start out investing. The account has no minimums, no month-to-month charges and isn’t a custodial account. 

The Constancy Youth account permits your little one to put money into most NMS securities, together with fractional shares of shares, Constancy mutual funds and extra.

Take into account that this account belongs solely to your minor little one. As such, you should have restricted parental management, however you’ll be capable of view actions and statements.

You might be listed as an Occasion and because the trusted contact on the account. Nevertheless, you gained’t have any joint possession or different authoritative designations.

Worth: Free

Execs: Make investments with no buying and selling charges, spending/financial savings accounts included, fractional shares obtainable

Cons: Mother and father will need to have a Constancy account with a purpose to open a Youth account

4. Greenlight App

Greenlight is an app that helps children be taught to earn, save, spend and make investments. The app gives three plans.

These embody:

Nevertheless, solely the Max and Infinity plans permit children to speculate. You gained’t pay any buying and selling charges with Greenlight.

Moreover, your little one can put money into fractional shares of shares and mutual funds with as little as $1. In contrast to Constancy’s Youth account, the Greenlight funding account requires parental approval for each tried commerce.

Because the mother or father and proprietor of the account, it’s also possible to assist outline a development technique to your little one and create the chance portfolio that works finest to your little one and household. 

Though this app is priced increased than different funding apps, you might discover the extra options price the fee.

Worth: $9.98 to $14.98 per 30 days

Execs: Earn, spend, save and provides options included

Cons: Larger priced than different obtainable funding apps for teenagers

5. UNest

UNest home page

UNest offers a UTMA/UGMA account that holds funds that can be utilized for faculty, a down cost for a home or some other financial savings objective you’ve got to your little one.

The app permits for funding in as much as 9 completely different portfolios, from conservative to aggressive. You’ll be able to even put money into some cryptocurrencies to your little one, though you might get charged a payment from the clearing home (APEX) to take action.

As with different apps talked about right here, UNest does permit household and mates so as to add to your little one’s funding through a customized hyperlink.

You’ll be able to earn further funding funds to your little one’s account while you use UNest Rewards and reap the benefits of the particular gives throughout the app. 

Worth: $4.99 per 30 days

Execs: Price contains limitless little one accounts, expansive selection of portfolios to select from

Cons: Minimal contribution requirement of $25 per 30 days

6. Webull

Though Webull is simply obtainable for teenagers ages 18 and 19, we thought it was price mentioning for 2 causes. This app gives zero commissions and a useful inventory simulator software.

If you wish to encourage your teen to go completely impartial with their investing or get some apply by utilizing a stock simulator, you may want to make use of Webull.

Use Webull to commerce shares, ETFs, crypto and extra. Higher but, as of July 2021, Webull permits for fractional buying and selling as nicely. 

Worth: Free

Execs: Inventory simulator software obtainable

Cons: Just for teenagers ages 18 and 19

Be taught extra: Webull Review: Is This Investing App Worth It?

Finest Budgeting Apps for Teenagers

In the event you simply need your teenagers to be taught the fundamentals of budgeting, there are apps on the market that may assist. These are the highest budgeting apps for teenagers.

7. Present

Current offers children the possibility to discover ways to earn, spend and save their cash. The account comes with a debit card, financial savings pods and instruments to assist teenagers discover ways to handle cash nicely.

Parental controls permit for real-time exercise notifications, service provider blocking and spending limits. 

The debit card from Present has many security options, resembling EMV chips, privateness controls and extra. Mother and father and youths alike may be assured that their cash is safe with this app.

Worth: $36 per 12 months

Execs: Debit card buy roundups, enticing mother or father management options

Cons: Restricted funding options

8. Copper Card

Copper is a banking app that gives as much as 5 teen or little one accounts when dad and mom open an account. Studying instruments, together with budgeting, can be found.

As a mother or father, you possibly can ship cash immediately to your little one’s account or automate allowance. Teenagers may arrange direct deposit to their Copper account.

Teenagers can reap the benefits of monetary literacy classes, earn bonus money and extra.

Worth: No month-to-month charges 

Execs: Investing accounts for teenagers ages six and up

Cons: Card reload charges and prompt switch charges from some accounts

Be taught extra: Copper Banking Review: Is This Bank Account for Teens Worth It?

9. FamZoo

FamZoo is a family-friendly app that features incomes, saving and spending choices for teenagers and children. 

Cash earned is positioned in an account that your teen accesses through a pay as you go spending card. Teenagers may set objectives for saving and giving. Plus, they’ll place cash in a financial savings pod. 

Chores assigned to a couple of little one are “stealable,” educating children that the early hen will get the worm. Fundamental finances sheets can be found with this app.

Worth: $2.50 per 30 days to $5.99 per 30 days

Execs: Stealable chores, finances sheets, household mortgage possibility and chore penalty choices

Cons: No funding function

Be taught extra: FamZoo Review: Is This Prepaid Debit Card Worth It?

10. Constancy Youth Account

Fidelity Youth home page

Though the Fidelity Youth account is supposed primarily for investing, the app does have a financial savings account to carry funds in.

As well as, the app gives a bunch of monetary literacy instruments that may assist your teen be taught to finances, handle debt and extra. 

Get this app in order for you your teen to learn budgeting and different monetary suggestions whereas focusing closely on investing. 

Worth: Free with a mother or father account

Execs: Financial savings, investing and monetary literacy instruments

Cons: No spending card

11. GoHenry

GoHenry is a cash app that helps dad and mom train children to earn cash and extra. As a mother or father, you may give your children common allowances by way of the app or assign chores they’ll receives a commission for upon completion.

You may as well give one-off transfers to your child or teen at any time. Parental controls embody real-time exercise notifications and card lock/unlock capabilities.

Spending, giving and sending cash to mates are additionally included options with this app. 

Worth: $4.99 per 30 days

Execs: Age-appropriate studying movies and quizzes

Cons: No investing possibility

Be taught extra: GoHenry Card Review: Is It a Good Debit Card Option for Teens?

12. Greenlight App

Greenlight gives a complete app that may assist children and youths create a finances that lets them earn, save, spend and provides as they need. 

For simply $4.99 per 30 days, your teen can discover ways to earn and handle cash, full with parental controls that may set spending limits, lock/unlock the included debit card and extra. 

Improve to one of many two higher-priced plans to transcend budgeting and find out about investing and extra.

Worth: $4.99 per 30 days as much as $14.98 per 30 days

Execs: Financial savings bonuses and complete instruments are included in all plans

Cons: Improve to the next plan to have investing

Be taught extra: Greenlight Review: Is This a Good Debit Card for Kids?

13. Step

Step is a Visa card that permits your children to make use of it to spend no matter cash is saved of their Step account. 

Since they’ll solely spend as much as the amount of cash within the account, Step helps your little one be taught to finances. 

Step additionally stories all funds to the cardboard as on-time credit score funds, serving to kids of all ages start to build credit

Worth: Free

Execs: Construct credit score, create and fund financial savings objectives, buy roundups

Cons: No investing possibility

Finest Chore Apps for Teenagers

For folks in search of an app that may assist with teen chore administration, these choices are price testing.

14. Homey

Homey is a chore app designed to assist observe chores and reward children for finishing duties. Though the app doesn’t have a spending card, it does assist you observe cash earned and create/obtain financial savings objectives.

Fundamental Homey permits for 3 accounts, whereas Premium Homey permits for limitless accounts. 

Worth: Free for Fundamental, $4.99 per 30 days or $49.99 yearly for Premium

Execs: Limitless financial savings jars and chore approval with a Premium account

Cons: Restricted options with a Fundamental account

15. OurHome

OurHome home page

OurHome is a chore app that rewards teenagers and children on a factors foundation. You, because the mother or father, assign chores and reward children with factors for every accomplished chore.

The app means that you can add rewards to your account, together with the variety of factors wanted to earn a reward. Youngsters can then use their app to say a reward. 

Worth: Free

Execs: Factors-based system permits for a wide range of rewards

Cons: No banking function


When evaluating completely different cash apps for teenagers, there have been key elements we analyzed to find out one of the best choices within the area. In-depth analysis was carried out to determine the highest rivals that assist teenagers with their funds.

We targeted on the next standards:

  • Apple App Retailer score of 4.0 or increased
  • Fame amongst business leaders
  • Ease of use
  • Low or no charges

We selected this technique to make sure we’re doing our due diligence as we decided one of the best apps like OfferUp.

Select the Finest Finance App

Selecting one of the best finance app to your teen is just a matter of figuring out which app most closely fits your wants and finances.

However how do you do this? Researching and evaluating choices is necessary. Make an inventory of every app, what they provide, what they value and what opinions say on respected websites like Trustpilot.

Then select the app(s) that finest meet your standards.

Monetary Planning for Teenagers and Adults

Good monetary planning and administration can usually appear elusive, nevertheless it’s a necessity if you wish to have a peaceable life from a financial standpoint.

Listed below are some fast suggestions for each teenagers and adults to handle their cash in a manner that may put together them for a safe monetary future. 

1. Know Your Objectives

Figuring out your monetary objectives is important to good monetary planning. Take a while to sit down down and make an inventory of brief (lower than one 12 months), medium (one to 5 years) and long-term (over 5 years) monetary objectives. 

2. Uncover Worth-Based mostly Spending

Worth-based spending is a budgeting software that may work wonders with regards to cash administration. 

By merely taking the time to weigh buy choices based mostly on how a lot time it takes to earn cash for it and within the context of deviating from saving for different objectives, you possibly can determine whether or not a purchase order will convey worth to your life or not.

3. Discover a Price range That Works for You

Each individual’s finances will work in another way. It is because everybody has completely different bills and completely different priorities.

Your job is to create a budget that works for your situation and hold tweaking it as wanted that can assist you attain your objectives. 

4. Set up an Emergency Fund

Having an emergency fund will prevent from pointless stress. An emergency fund helps generate profits much less of an element with regards to necessary choices.

Purpose to avoid wasting three to 6 months’ price of bills in your emergency fund. Add to it as you possibly can whereas managing your finances.

5. Educate Your self on Investing

Whether or not you’re simply beginning to invest or are a professional, educating your self on investing is necessary. Use the recommendation of specialists resembling Jim Collins and Warren Buffett to broaden your data on the whats, whens and hows of investing. 

6. Make investments for Retirement and Non-Retirement

Once you determine to speculate, using each retirement and non-retirement investments is crucial. That is particularly necessary should you’re underneath 50. In the event you begin investing or saving as a teen, you should have funds to assist pay for college, automobiles, and extra.

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In the event you save $100 a month for 18 years, your ending steadiness could possibly be $35,400. In the event you save $100 a month for 9 years, your ending steadiness could possibly be about $13,900

7. Be Frugal, Not Low-cost

All the time keep in mind that “frugal” and “low-cost” are two various things. By no means sacrifice your self, your relationships or your happiness for the sake of cash. 

Worth individuals above cash and issues. Make it a precedence to invest in yourself, and all the time keep in mind that time is the one factor you possibly can by no means purchase again. 


The most effective cash apps for teenagers will assist them be taught to seek out the perfect steadiness between what they earn, save, spend, make investments and donate.

Which app is finest to your teen will differ from which one is finest for another person’s. Nevertheless, with the fitting instruments, you possibly can assist your teen uncover what good cash administration appears like for his or her scenario.

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