How The MoneyTime Money Management Game Works

What makes MoneyTime so special is that it combines financial literacy lessons with a fun money management game that kids love. The game simulates real life decision where kids have to choose between earning, saving, spending and investing.

Introducing kids to earning money

During the financial literacy lessons, kids earn virtual money for correct quiz answers. The money they earn is deposited into their checking account. This is also the account the money comes out of when they spend it within the game. All transactions in the game effect their net wealth, with the aim of the game being to maximise their net wealth.

Teaching kids about online banking

Kids also have a Savings account that earns interest. They can transfer money back and forth between their Checking and Savings accounts. This gets kids familiar with online banking and into the habit of transferring money into their Savings account to earn interest. It also helps them understand the difference between a Checking and Savings account and what each one should be used for.

Helping kids make the link between further education and future earning potential

Each child starts the game as a gardener but can gain a better paying job by investing in further education. Each job has an expected income and a cost to gain the necessary qualification.

The higher paying the job, the more they earn when completing modules. This helps to build the connection between higher education, earning potential and seeing education and training as an investment.

Showing kids how they can increase their net wealth

Kids can choose to spend the money they earn on shopping for fun accessories for their avatar, donating to charity, further education, and a range of investments. This gives them the ability to use what they learn in the the financial literacy lessons, to experiment with making their own financial decisions, and to see the consequences of those decisions.

When they spend money, the money comes out of their Checking account and their net wealth decreases, and this is clearly shown on screen. When they earn money by completing lessons or re-doing quizzes it gets deposited into their Checking account and they see their net wealth increase.

But earning money through work is not the only way to increase their wealth. We want kids to see how they can get their money to work for them. In the game kids see that they can increase their net wealth by earning interest on the money they put in their Savings account and by gaining a return on their various investments when they mature.

MoneyTime teaches kids the basics of investing

As children progress through the game, more options for investing are unlocked. For example, when learning about stocks, they can invest in them and see the return they can expect to receive.

The game aims to teach children the value of long-term investing and gives them an awareness of the different types of investments available. It also teaches them that investments have different risks and returns associated with them.

MoneyTime is 100% educational screen time you can feel good about

While the game element of the program is fun for kids, it is all 100 percent educational. It gets kids to use the knowledge they gain in the lessons to practice making their own financial decisions in a safe environment. Teachers and parents love that the game keeps kids engaged and wanting to keep learning.

MoneyTime is available for teaching kids financial literacy in schools, for parents wanting to teach financial classes for youth at home and as a homeschool financial literacy curriculum.

It is just what you need to teach kids the all-important life-skill of money management. Get MoneyTime today.