MoneyTime is an online financial literacy program for kids ages 10 to 14.
Not sure how to teach your child about money? Afraid they will make the same financial mistakes you did? Relax.. MoneyTime does the teaching for you. It combines personal finance lessons with an interactive money management game that makes learning about money fun.
Why MoneyTime is a great learning experience
MoneyTime has 43 modules from career choice, resumes, the job application process and bugeting through to business basics, investing and insurance. View a full breakdown of the modules here.
Regular testing shows a 44% average improvement in knowledge across all topics, so you can be confident the program really works.
During the modules, your child will earn virtual money by doing quizzes. The money is deposited into their virtual checking account. They can then choose how to spend that money in the game. Options include shopping for fun accessories for their avatar, saving, donating to charity or investing in their education, property, stocks, and other investments.
Included in the program are 13 modules you can complete with your child. These are optional but are highly recommended as the modules put your child's learning into a real life context by giving them an awareness of real living costs. These modules act as great conversation starters to discuss money and the future with them.
MoneyTime is web-based so no downloads are required. All your child needs is a tablet or laptop and internet access. Getting started is as easy as creating an account, watching an intro video and they are ready to begin their financial literacy lessons! No webinars or pre-reading required.
The program is self-directed however it you want to work through it with your child, an easy to follow, printable Study Guide is provided along with a Frequently Asked Questions document.
Money management is an essential life skill for everyone. By teaching your child about money, you can help them avoid costly mistakes that lead to wasted time and money and unnecessary stress. Financial literacy is one elective you don't want them to miss!