T. Rowe Price and Disney created a totally fun (and free) online game called The Great Piggy Bank Adventure® that teaches kids financial literacy to kids.
Through the online game and interactive experience at INNOVENTIONS at Epcot® at the Walt Disney World®, T.Rowe Price and Disney want to help parents talk with their kids about money and good financial habits.
setting financial goals
Begin the game by setting a financial goal. (shown below)
You will also start the game with gold coin Truffles.
Roll the dice on the screen. Your character will hop the spaces you rolled. You might get a card like this one:
If you make good decisions, you’ll be rewarded with truffles and get a choice to put your truffles in:
Yellow Bank - very safe, never loses money
Blue Bank (on level 2 and 3) – makes more money but may lose money
Red Bank (on level 3) – might make a lot of money but might lose money, too
Throughout the game, the store shows up. Will you buy or save? (Isn’t this guy evil looking!?)
Every move, you get an updated newspaper with your interest earned or lost.
In addition to this game board, there are three more games, mazes, and adventures to play during your online Piggy Bank Adventure which continue the learning about money.
AJ spent the first two games not meeting her goal and only investing in the yellow bank. I encouraged her to try the blue or red but it took her awhile to get up the courage. (“It says you can lose money, mom!”)
Once she invested in the red bank, she made enough in interest to achieve her financial goal.
Interesting, isn’t it? She learned what the game wanted her to learn.
She also said, “It is really fun!” and played it three times in a row. A ringing endorsement if I ever heard one. I played, too, so I could take screen shots and thought it was great.
Now when we’ll be able to have more meaningful conversations about money and in particular, banking. We already talk about spend, save, give and do it weekly but investments adds in another dimension. This is exciting stuff!
What about you — where do you find your teachable moments?
1. When do you talk to your kids about money?
2. Do you talk to your kids about money at the ATM or the grocery store?
3. How do you teach your kids about financial concepts in the news today such as inflation and setting financial goals like saving for college?
4. When you give your kids an allowance, do you ask them to set a goal for their spending and/or talk about ways to spend wisely?
5. Do you ever use items in the news, such as inflation, as a chance to teach your kids about the concept? If so, what have you found works well to help them understand inflation or other financial concepts?
The Big Flip Giveaway!!!
Post a comment answering one of the above 1 – 5 questions (include the question number) and you will be entered in a giveaway for a Flip cam! Winner will be selected with a random drawing. (Imagination Soup’s official giveaway rules.) U.S. and Canada only please. Deadline for entering is July 24, 2011.
P.S. If you’re a fan of Imagination Soup, would you show your support for me on Babble and vote for I.S. to be one of the top 50 blogs, please?
(Did you say yes I hope?)
Go here on Babble, find Imagination Soup (currently on pg. 2) and click “I like this blogger.”
Thank you so much!Because if you vote, I’d get exposure, become a famous blogger, get a book deal, turn it into a movie, . . . or . . . I could just get more exposure and see where it goes. THANKS!
P.P.S.*I was sent a gift card to compensate me for my time writing this post. The Great Piggy Bank Adventure-branded Flip camera will be provided courtesy of T. Rowe Price. T. Rowe Price is not involved in or responsible for the outcome of this giveaway. T. Rowe Price and Disney Enterprises, Inc., are not affiliated companies.