From rags to riches: MoneyVentures / Nur Athirah Izzati Mohd Adnan ... [et al.]

Youngsters nowadays lack financial literacy because they tend to spend beyond their means. Developing financial literacy and good money habits at an earlier age can have a significant impact on a person's long-term financial health. However, youngsters are not interested in learning about financial matters because they are less exposed and not aware of the importance of financial literacy. Therefore, we presented MoneyVentures, a captivating and educational board game designed to make learning about personal financial planning enjoyable for youngsters, and as a supporting medium to complement the traditional financial education learning. It portrays an adventurous journey through different financial scenarios, making it clear that players will be learning and applying financial planning concepts along the way. This game teaches the fundamental concepts of financial planning in a fun and vibrant environment. It covers tax planning, risk management, investment, and retirement planning. This board game is inspired by the Jenga blocks game. The main novelty of the MoneyVentures board game consists of pop quizzes and important information regarding financial literacy. MoneyVentures relates to real-life experiences from the career stage until the retirement phase, by focusing on financial literacy. By introducing MoneyVentures, we can empower the next generation with the knowledge and skills they need to achieve financial stability and build a solid foundation for their future financial well-being. The main benefits of using MoneyVentures as an educational tool are improving cognitive skills and gaining a better understanding of financial planning concepts. The commercialization potential for MoneyVentures can be made via educational tours to promote the game and generate interest among youngsters. The tour could include presentations, demos, and competitions to encourage students to learn more about financial planning and concepts through educational games. We believe that our effort could enhance the youngsters’ financial literacy effectively.