netwealth has partnered with New Zealand tech company, Banqer, to bring a virtual financial literacy program to 15,000 Australian children.
The virtual classroom program teaches children about money and financial concepts.
Banqer chief executive, Kendall Flutey said the children in the program could influence their financial environment by doing classroom jobs to earn cash or offering services to other children.
They could choose to save, spend or invest in houses in a virtual real estate market from any virtual money they earned from rewards for good behaviour of classroom jobs.
“Banqer helps kids get curious, creative, and ultimately, confident with money,” Flutey said.
“It has been embraced by kids and teachers, but is also transcending geographical borders as we all start to understand financial literacy is a global challenge.”
netwealth joint managing director, Matt Heine, said the partnership extended his firm’s purpose of educating and inspiring people to see wealth differently.
“We all want a brighter future for our kids, and that means making sure programs like Banqer get into our schools so kids can learn in a practical way, life-long concepts about money,” Heine said.
“All kids deserve a great start to life and being financially literate, being confident and curious, is a huge step towards this goal.”