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Synopsis These apps will help you begin your financial journey in a fun, easy and interactive manner. Getty Images Less than a third of the Indian population is financially literate, according to a 2022 report by the Asian Development Bank. Only 27% adults and 24% women meet the minimum level of financial literacy, as defined by the RBI. Being financially literate enables one to make a range of saving , spending and investing decisions, such as allocating money for life goals, sticking to a budget, making investments in different assets, and devising strategies for a rainy day. It is a crucial life skill, and when instilled at a young age, it can become a cornerstone for building a prosperous future. Learning about money management early lays the groundwork for responsible financial behaviour as an adult and helps navigate the complexities of personal finance confidently. Using apps can be a convenient and effective way to enhance the understanding of personal finance. Here are some of the most popular financial literacy apps, all of which are available for both iOS and Android systems. TRADING GAME RATING : 4.4 DOWNLOADS: 1 million+ COST: Free USP: Its real-time market data makes live trading possible without the financial risks. THE APP COVERS an array of subjects, including stocks, crypto and investments. Its lessons delve deep into the basics of economics and financial elements that underpin stock prices . The easy-to-use interface makes the app experience very smooth. The app also has a virtual stock market that lets you interact with real-time market analytics to buy and sell stocks and compete with friends on a global leader board. INVESTMATE RATING: 4.6 DOWNLOADS: 1 million+ COST: Free USP: It lets you set your learning goals and track progress on a daily basis. INVESTMATE PROVIDES COURSES, tips and quizzes on personal finance. The jargon-free financial glossary makes complicated concepts more understandable for the uninitiated. The app allows you to begin your trading journey right from the basics. You will gain insights into the trading of stocks, commodities and indices. The app will also help in the development of a personalised trading strategy. FORTUNE CITY RATING: 4.4 DOWNLOADS :1 million+ COST: In-app purchases worth Rs.80-8,000 USP: The app turns tracking your income and expenses into a game. FORTUNE CITY IS a financial management app designed to let users achieve financial control through a game. It combines the conventional notions of budgeting and expense tracking with the innovative element of constructing a virtual city. You can pursue financial objectives, which effectively encourages savings and sticking to a budget. As you navigate your fiscal affairs and accomplish milestones, you amass in-game rewards, affording you the means to expand your digital urban landscape. MONEY MASTERS RATING: 4.9 DOWNLOADS: 10,000+ COST: In-app purchases for Rs.920-6,400 USP: It offers a gamified approach to learning about personal finance with real-world examples. THE APP PROVIDES bite-sized lessons with real-world examples on finance, investing and economics. It also gives gamified lessons on topics of personal finance, with users getting to test their level of understanding through interactive quizzes. It keeps the users engaged by using competition as a tool. For those contemplating trading or investing, this platform offers an opportunity to practise without the fear of losing real money. YZER RATING: 4.9 DOWNLOADS :5,000+ COST : Free USP: Win rewards as you learn about blockchain, economics and more. YZER PROVIDES THE basics of various investment strategies and technical analysis. The app breaks down complex topics with creative lessons that can be tackled in three minutes or less, and are highly visual. The modules also cover the fundamentals of Bitcoin, blockchain, financial markets and economics. Learning with the app feels more like a game than a textbook. MYMONII RATING: 4.2 DOWNLOADS :50,000+ COST: In-app purchases for Rs.120-5,700 USP : It helps keep track of your kids’ spending to teach them healthy money habits. THE APP ALLOWS parents to initiate their children into the world of personal finance by keeping track of their allowances. Users can automate allowances, keep track of their kids’ pocket money, teach them to earn extra while doing household chores, and get a clear overview of how they earn, save and spend. Through this app, children can learn how to navigate debt and grow up with healthy money habits. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Monday, 21 Aug, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Companies & Economy ET Markets More Custodians Pitch Ownership Factor for FPI Disclosures As foreign investors betting on Indian bourses face a new regime of elaborate disclosures, appeals are being made to the market regulator to spare those with insignificant holdings in local listed entities from sharing granular information. Will Notify Data Protection Board, Rules Soon: MoS IT The government will shortly notify the Data Protection Board (DPB), along with appointment and recruitment rules for its chairperson and members, minister of state for electronics and IT Rajeev Chandrasekhar told ET. Murugappa Family Ends Dispute with Valli Arunachalam The Murugappa family, owners of the ₹74,000 crore industrial group with companies including Tube Investments of India and Carborundum Universal, said its members have agreed to “amicably” settle disputes and differences within its promoter group and would “undertake the necessary transactions to effect the family arrangement within the next 90 days,” in a joint statement on Sunday. Read More News on finance investing saving spending trading stock prices (Your legal guide on estate planning, inheritance, will and more.) 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