Money Island is an enchanting virtual world teaches students about money and how the economy works while they go on quests to destinations like the Eiffel Tower and Atlantis. Students learn and practice the real-life principles of financial responsibility. Students build knowledge and skills in three major areas including: saving and spending, earning and investing, and using credit wisely. In addition to these major areas, students learn how to spend, grow and give money; the difference between wants, needs and taxes; different types of income; gain an understanding of interest; how to use credit wisely; and how to build wealth.
The site includes detailed lesson plans and activity suggestions as well as a specialized area where parents can see what students are learning and track progress.
Kids are not exposed to enough opportunities to learn and practice financial literacy. Case in point: the national debt crisis, housing loan disaster, and credit card stats. Kids need to learn about how the economy works prior to being neck deep in financial decisions on a daily basis. Money Island is a fun introduction to all of this!
Students begin their journey in Money Island with a mission to help character Stone Broke. Students choose a virtual side-kick who will guide them through Money Island and help them make important decisions. Students are directed through a series of quests to help Stone Broke while learning about money and how to make sound financial decisions.
Review found at ilearntechnology.com.
Labels: Free Economics