ERIC Number: ED629885
Record Type: Non-Journal
Publication Date: 2022-May
Pages: 26
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Fostering Family Financial Literacy via an Interactive Learning Game: An Evaluation Study of "Cha-Ching! Money Adventures"
Tally, William; Brett, Jessica; Parris, John
Education Development Center, Inc.
Since 2012, the Prudence Foundation has been working to address the gap in financial literacy in developing nations by creating and distributing financial literacy media and curricula targeting 7- to 10-year-olds in Asia and, more recently, Africa. "Cha-Ching!" is a multipronged learning initiative that reaches children, teachers, and parents in schools and at home through broadcast TV, digital and print curriculum, and web-based videos and interactives. The core of "Cha-Ching!" is an animated cartoon series featuring characters and songs that introduce children to basic concepts like earning, saving, spending, and donating. Built to accompany the cartoon series are a school based curriculum, a website with activities and materials for parents and children at home, and, now, a new interactive learning game, "Cha-Ching! Money Adventures." In January 2022, Education Development Center researchers conducted an evaluation study of "Cha-Ching! Money Adventures" to determine its appeal and effectiveness for eight- to nine-year-olds playing the learning game at home. Prior to beginning game play, all students completed a 24-item test of Basic Financial Literacy. At the conclusion of game play, typically three to four weeks later, students completed the same 24-item test and answered questions about their experience of the games and the context of home play. The research found that: (1) "Cha-Ching! Money Adventures" is effective in improving children's knowledge of the core financial literacy concepts; (2) "Cha-Ching! Money Adventures" is highly appealing to eight- and nine-year-olds; and (3) "Cha-Ching!" fostered family conversations about money. [For the executive summary, see ED629886.]
Descriptors: Financial Literacy, Game Based Learning, Interaction, Video Games, Program Evaluation, Foreign Countries, Elementary School Students, Grade 4, Program Effectiveness, Learner Engagement, Play, Student Attitudes, Parent Child Relationship, Pretests Posttests
Education Development Center, Inc. 43 Foundry Avenue, Waltham, MA 02453. Tel: 617-969-7100; Fax: 617-969-5979; e-mail: contact@edc.org; Web site: http://ltd.edc.org
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: Elementary Education; Grade 4; Intermediate Grades
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Education Development Center, Inc. (EDC)
Identifiers - Location: Philippines
Grant or Contract Numbers: N/A