Investopoly | We will create a new variation of monopoly that emphasises financial education.

Project Team:

Sophie , Amelia

Status:

New Idea

Social Purpose

Decent Work & Economic Growth

What is the problem you found?

The problem we have found is that financial stress is a significant issue in the world, and is something that many people deal with on a daily basis. Many people face financial stress due to a lack of understanding on how to accumulate and grow wealth. 

In addition to instructing the alpha generation on how to form these habits early, our goal is to assist community members in maintaining their financial security and developing healthy financial habits. 

We have decided to focus on the theme of money and gaming for this design challenge.

What is your opportunity?

How might we teach people to learn financial language and create habits to incorporate into their daily lives?

Who is your audience?

It is suitable for varying ages, including people who fear facing financial stress in the future and want to be educated on financial strategies and lessons in an interactive way.

However, we have specifically targeted the Alpha Generation aged 6-13 years, and is best to be played with parents who can reinforce principles learnt and can help children grow their financial confidence for their future.

What Is Your Solution?

We have chosen to adopt a new strategy to teach people how to handle financial issues problem, before they emerge by targeting the young alpha generation. Our proposal is to develop a new variation of monopoly that changes the core monopoly values of greed and possible dishonesty to a focus on learning how to navigate budgeting, the stock market, and other financial subjects. 

For an example of this idea, we could have spaces that you land on asking if you would like to buy shares in this company. Other examples include ‘there is high interest right now’ and ‘you have earned $… from your shares in apple.’

Other features of monopoly could also be tweaked, like the community chest and change cards teaching different management strategies and solutions when facing financial crises. Additionally, to this, the rule book would have a glossary of financial terms used throughout the game.

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Challenge

Future of Finance Youth Design Challenge

Location

South Australia

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