Financial literacy in America is currently in a sorry state, and Visa is seeking to improve the financial acumen of both American kids and adults. To this end, they have introduced a free iPhone App titled The Practical Money Skills Calculators. A wide array of features comes along with this app, and it can be used when analyzing auto loans, credit card terms and mortgage offers. The app also contains helpful tools when it comes to planning for retirement and analyzing your investments. The app is kid-friendly, and Visa is also providing teachers across the country with lesson plans geared around the app’s functionality.
Important family financial issues like budgeting for a new baby or saving for your child’s education are addressed by this app, and it also allows for customized calculations geared to your family’s unique financial circumstances. Visa is running a parallel educational website named PracticalMoneySkills.com which provides further instructions on how to use the app and also is a good source of personal finance related news. In order to keep kids interested, the app also contains entertaining games — which are based around providing financial lessons. Those looking for help navigating the often confusing financial waters are well served to check this app out.