Create online interactive financial literacy for 5-12 year old children, teaching valuable lessons about money, interest, savings, credit and trade. The financial literacy program will be created in Woogi World which is an existing interactive children’s educational site. The lessons will supplement the extensive virtual economy which exists within the free Woogi World site.
Currently children earn watts (Woogi currency), coupons, stickers, trading cards and other prizes for their achievements both in the virtual and real worlds. They can open a virtual bank account, earn interest, open a booth in the flea market, buy/sell/trade items and donate to good causes. Learning financial concepts through a virtual world while interacting with other children provides a solid foundation which can be further developed through financial literacy lessons complementing their virtual world experiences.
Children will also have access to many other free programs available in Woogi World including internet safety training (CyberHero), interactive multi player educational games, Smithsonian Institute videos and educational clubs.

Problem

Build a strong foundation of financial literacy at a young age. Financial understanding, responsibility and planning are life skills which can significantly impact families and communities..

Solution

Create an online interactive financial literacy program for 5-12 year old children. The program will include lessons on money, interest, savings, credit and trade.. The program will be an integral part of the existing virtual economy within Woogi World where children currently are able to earn and manage virtual money.

Example

Create an online interactive financial literacy program for 5-12 year old children. The program will include lessons on money, interest, savings, credit and trade.. The program will be an integral part of the existing virtual economy within Woogi World where children currently are able to earn and manage virtual money.

Marketplace

There are many financial literacy programs available but none that are delivered within a virtual interactive world that engages children while they learn.