Financial literacy is a global problem.
On average teens spend $2,600 per year. 64% of teens rely on gifts from family members or friends for spending money, while only 20% of teens earn money by working a job. Only 16% of Americans aged 18-26 claim to be optimistic in their financial future.
While more states have adopted financial literacy as a requirement for public schools, the textbook and lecture methods of teaching fails to keep kids engaged. Financial literacy should not just be learned, but applied.
We're here to solve it.
Finlit aims to develop products that teach kids financial literacy in a fun, interactive, and engaging way. Our first product, Budget or Bust, is a board game that can be used in the classroom or the household.
The game puts players in real-life scenarios where they must make smart financial decisions. From recurring car payments, unexpected expenses, and navigating a volatile stock market, kids will learn the fundamentals of financial literacy.