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Teaching Kids Everyday Money Skills

September 29, 2021

How Prepared Can the Next Generation Be for Its Own Economic Crisis?

Very! Says the creator of a brand new money management video game app for kids.

The COVID-19 pandemic continues to cause economic uncertainty for a lot of Canadians. While many of the hardest hit are doing their best to make ends meet, one Edmonton EdTech company believes that now is the time to begin preparing the next generation for its own pandemic-like economic recession of the future.

MoneyPrep is a mobile app video game that teaches children beginning at age 5, how to make smart money decisions with games, challenges and lessons that are fun, informative and habit-forming. The app is the brainchild of Pam Liyanage, a 25-year financial industry expert and mother of 4, “Without question, there is a need for the next generation to be financially literate. Kids need strong money management skills to help them navigate life. Who knows what crisis they will have to face in the future, we want to prepare them for it.”

A Leger Poll for FP Canada suggests that COVID-19 has left many Canadians with financial hardships on their hands. Hardships that MoneyPrep aims to help circumvent from the lives of future consumers.

  • 3 in 10 are concerned they will never recover from the financial impact of COVID-19
  • 4 in 10 are in a worse financial state than they were before COVID-19
  • 50% of respondents between the ages of 18-34 used a government subsidy or deferral program

Canada’s unemployment rate sits at 7.5% and many of the unemployed are the recipients of employment benefits.

MoneyPrep burst onto the global E-Learning scene in January 2021 and has seen massive success with more than 7 million games played all over the world. As of September 2, 2021, the online video game launched an app version on Google Play and the App Store.