Description

The ‘Journey Towards Financial Literacy’ gameis the most fun and engaging way to learn about the basics offinance. This full-fledged game consists of 19 gamified levels offinancial concepts covering:

Money Matters - Smart Goal and Financial Analysis (Termsintroduced: liquidity, net worth, assets, liabilities, income,expenditure, SMART (Specific, Measurable, Achievable, Realistic,Time Bound)

Budgeting - Balancing the means and ends (Terms introduced: Cashflow statement, deficit, surplus, budget, needs, wants, instant anddelayed gratification, opportunity cost)

Investments (Terms introduced: Compounding, simple interest,compound interest, inflation, time value of money)
Insurance And Risk Management (Terms introduced: Life Insurance,Term Life Insurance, Endowment Plan, Money Back Plan, VehicleInsurance, Mediclaim insurance, disability insurance, generalinsurance, property insurance, whole life policy, ULIP, pensionplans; IRDA)

Banking (Terms introduced: RBI, commercial banks, ATM, differenttypes of accounts, PIN, PAN)

Introduction to Stocks and Bonds (Terms introduced: Stocks,equity, premium, bonds, debentures, dividend, face value, marketvalue, demat account, stock exchange, IPO)

Investments – Wider spectrum (Terms introduced: Mutual Fund,equity fund, debt funds, balanced fund, tax saving funds, closedend funds, growth plans, dividend plans, NAV, PPF, NSC, Post OfficeMonthly Income Scheme, Ponzi schemes)

Borrowing (Terms introduced: Home loan, personal loan, EMI,secured personal loan, unsecured personal loan, education loan,consumer loan, vehicle loan, fixed rate, floating rate, CIBIL)

Retirement Planning (Terms introduced: Pension, Defined benefitpension plan, EPF, PPF, employee pension scheme, national pensionsystem, PFRDA)

This game can be used by students to prepare for India’s NationalFinancial Literacy Assessment Test
(NFLAT) organized by NCFE. NFLAT is the first national level testto measure and improve the level of financial literacy and basicknowledge among students of class VIII, IX and X. This initiativeis aimed at encouraging school students to obtain basic financialliteracy and also provide the level of financial skills requiredfor taking responsible financial decisions in life. It is one steptowards better job prospects also.

Key features of the ‘Journey Towards Financial Literacy’ gameare:

* Comprehensive coverage of concepts: 19 engaging Game levelscovering all aspects of Finance.
* Engaging and interesting, with leaderboards to compete(healthily) with friends.
* Close to 2 hours of game play content.
* Important concepts and definitions highlighted as keynotes.
* Aligned to India’s NFLAT exam preparatory content.