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Financial literacy proposal

By Lara, Jiya, Shreya

Debt Managment

Background

Debt management is being able to control your debt through financial planning and budgeting.

Why debt managment

Reason

Debt management was something that we felt very close too and know you will too,

We felt it was broad and could elaborate on our knowledge to help you gain more information on this.

Main theme

Main themes

  • Controlling your debt by paying it off for ease
  • Managing your debt smartly by selling
  • Asking the bank for help by consolidating debt
  • Asking the bank for an extension to show faith

Why it's important

Importance

Debt management has the ability to teach young teenagers and adults on how to spend and save their money effectively.

This practice in life, allows the flexibility for young people to be able to understand how money is supposed to be used.

Young people and the future

Young poeple and the future

Facts and why young people should know this:

- Only 23% of our population claims they are not in debt

- Poor money management or failure to meet payments on time are one of the main cause of debt

With learning about debt management we can learn to reduce the amount of debt that young people experience before and after the age of 18.

Game

Our game is inspired by Game of Life. We wanted a fun and interesting way to express debt management which is why we made a twist to the original game.

Game

Our game

Our game outline

Our version of the Game of Life, you find yourself spinning a wheel out of the numbers 1-10.

Put yourself in the shoes of an adult 18 and over, I'm sure you would love this.

Find yourself learning about life while aiming not to become bankrupt.

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