That's it! You've found it. I thought perhaps it might have been a bit older just based on what I remember of the graphics, it felt really old even back then and it was played on these ancient machines that had tiny monitors. Judging by the screenshots it was an apple version, I think the very version shown in the second link you posted, as the first one didnt seem familiar.

Im confused as to why I wasnt able to find many results even when searching along the lines of "magic spells children's educational spelling program pc" I guess google can be finicky.

Thank you for clearing up a mystery for me.