If you think about the negative social impact of 70% school leavers saying they were not taught personal financial skills at school, you will appreciate the crucial need to find immediate and intermediate solutions imminently.
Our money advice surveys in the UK, National Numeracy organisations have carried out surveys to bring to light the depth, nature and scale of “financial illiteracy” and low numeracy skills amongst working people, about 75%.
bMoney Wize, a youth focussed, social enterprise was created address the gaps in both low numeracy and Financial skills among young people; whilst providing educational tools to deliver solutions in an interactive, engaging and fun way!
You may be aware of the bmoneywize board game which is quickly gaining an impressive reputation for being an effective Personal Finance Toolkit. Loved by children, adults, parents and teachers it is fast becoming a necessary maths resource in schools. This is especially after the Old Mutal / Moneywise Annual Personal Finance Teacher Competition of 2017, where participating Schools across the UK received a sponsored copy of the game.
Barking and Dagenham College has taken the bmoneywize fever pitch to a new level with forthcoming development of a digital version of the game concept to enable a wider reach to an audience that dominates and consumes technological initiatives and inventions.
It is the aim of BDC College to make the content of the courses delivered (Teaching) and Assessment for Learning close to industry expectation to enrich the student experience. In this regard, the Department of Information Technology (iTech @ BDC) is collaborating with bMoneywize to develop a computerised version of their game. The game is designed by kids for kids to help improve their Maths Skills and Personal Finance Management.
Youth-inspired and designed, bMoneywize is a fun and engaging game that is also educational. It introduces the complex concepts of financial literacy to kids in a way that is simple and opens up a dialogue between them and their parents about money. It can be played at home as a family game and in schools, as it encourages maths skills while teaching valuable life lessons. The game breaks down the consequences of the decisions to spend frivolously in a way that is easy to understand and how this can be prevented. The scenarios that are explained are every-day and mostly commonplace. These were carefully picked to depict the lifestyle of the average person, and while humourous are also very relatable.
The game card contents and possible answers to calculations are saved at the backend of the software enabling the scoring for correct answers to be efficiently executed.
The live play scenarios are being simulated so players are given 3 options: play, pass or discuss on their selection. The digital version is also experimenting with players both online and via bots to elicit the competitive edge, like this.
Mr. Charlie Madigan, a Level 4 student pursuing HNC in Computing is currently the lead programmer for the project under the tutelage of Mr. Henry Quarshie, the Program Leader for HE Computing at BDC. The first version of the computerised bMoneywize game is scheduled to be delivered in December 2017.
The bmoneywize project has recently been shortlisted for a Reimagine Education Student-led Innovation award. Previous recognition was
We have had increasing interest and exposure from the BBC Money and BBC Money box teams with interviews and game-play recording. Also Arinola has been sought for comment on 5 radio stations across the country on matters relating to increasing personal debt and the Chancellors budget 2017.
Other media comments and reviews about bMoneywize can be viewed at
It was such a pleasure and privilege to have the BBC Money Box team with Iona Bain, Award winning money blogger/ author, and Alex visit bMoneywize to ask how parents were finding the bMoneywize game useful for learning money skills at home. Iona has also written a book about managing money called ‘spare change’ available on Amazon:
We had a most exciting day as the BBC team watched and recorded elements of the game play session, asking how it was useful for teaching money skills to their children.
Testimonials can be viewed here:
- Primary school testimonial
- School kids talk about game
- Moona’s testimonial
- Mutaz, young player speaks
Please see excerpts of interview and live play session.
In the video are: Shola, Sarah, Alex, Hannah, Molly, Caroline, Arinola and Iona. Video Credit: jaybright media.
IT and College enquiries to be directed to: