Can You Really Teach Financial Literacy To Kids With Gaming?

TDBank thinks so and built a world in Roblox just for it

Minecraft, Minecraft, Minecraft - if you somehow forgot, the Minecraft Movie opens up next weekend - April 4.

And the promotions are everywhere:

And my personal favorite - MLB x Minecraft Movie - with a bunch of teams doing Minecraft Movie Day at the Park with specialized jersey giveaways:

I love the retro pixel art logo

I’m sure I’ve missed some but it’ll be everywhere!

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Take Economics 101 or Just Play Video Games?

For many gamers, a lot of what they know about finance, business, and economics they learned through playing video games.

World of Warcraft was a lot of people’s first introduction to a virtual marketplace and auction house where they had to deal with supply and demand, arbitrage, wholesaling, pricing and cornering a market, seasonality, and more. If you played this game within the game well, you could be swimming in gold. If you didn’t, well, better get to farming some dungeons to recoup your losses.

A St. Mary’s College professor even has a course curriculum for Teaching Economics through World of Warcraft. Best-selling author Josh Kaufman even says that everything he learned about business was through World of Warcraft.

When Animal Crossing New Horizons came out in 2020, a lot of gamers learned first hand about real life - especially in areas you wouldn’t think for a video game like Loans, Financing, and Home Ownership, Supply and Demand, Producers and Consumers, Goods and Services, Interest and Return on Investment, the Stock Market.

Just look at the plethora of stories that came out of this cozy game around its economic education from Investopedia, The Atlantic, Polygon, The Washington Post!

TDBank Treat Island Tycoon

TDBank believes that it’s time to focus on building gaming experiences that directly teach money management and financial literacy to kids, with a significant focus on 10-14 year olds. These are kids who may be saving money in real life from birthdays or chores or odd jobs and lemonade stands.

So TDBank built an experience within Roblox to help drive that education, in an engaging way.

Kids start our as an entrepreneur that must navigate a fun, engaging island to gather fruits to ultimately turn into frozen treats for sale.

Source: TDBank

You start with almost a virtual lemonade stand and then through work and success you can upgrade to a full factory production. To progress through the game, kids must balance their budget, take out loans to expand their businesses, and ultimately build a successful frozen treat empire on the island.

Source: TDBank

They are trying to make it educational but not too heavy handed and so far have had nearly 11,000 visitors to their game

If you want to give it a go, it’s free and can be found here

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I actually forgot when the Minecraft movie was supposed to come out until I saw all of these promotions! Guess I know one thing I’ll be doing next weekend!

Until then, GL HF!

Chris

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