Empowering kids with finance skills

Sponsored by Kit

6 October 2024

Kit, the pocket-money app with a mission, is making waves in Australia by turning financial learning into an adventure and immersing kids in gamified, teaching-moments that make mastering money a blast.

Dedicated & diverse team

Kit’s success is driven by a team of specialists, including a learning designer, game director and engineers. “We all work together to make sure each adventure strikes a balance between education, meaningful challenges and appropriate rewards,” says Yish Koh, Kit’s managing director.

Immersive storytelling

Money Quests are an innovative approach to financial education, blending storytelling and gamification to make learning fun.

“Kit provides a safe space for kids to actually make their own decisions – and even make mistakes – so they learn these lessons themselves,” says Yish. “It’s so empowering.”

Playful games

Once kids are immersed in the Moneyverse, engaging in mini games, quizzes and explainer videos, they will have interactive conversations with Kit, the smart money sidekick. Being in a world where their avatars have adventures with Kit is (of course) by design.

“Our environment is really kid friendly,” says Yish. “In life, parents do so much for kids, which is why they love the autonomy they get from Kit.”

Everyone’s happy

The creators of Kit have been thoughtful when it comes to gamification. “Most parents will have experienced the stress of their kids playing games with in-game purchases,” says Yish. “We didn’t ever want to create a game that causes anxiety.” That’s why kids earn rewards (called Winkits) that keep them motivated to learn and interact regularly but only exist within the Kit world.

Tailored learning

“We have a dedicated learning designer – with more than a decade of experience as a teacher – who developed Kit’s learning framework and baked in all the assessments that ensure our games are driving the right outcomes,” says Yish. The content is focused on kids aged 8-10, with 20 Money Quests on topics like spotting scams, understanding interest and knowing consumer rights.

Send your kids on an adventure that teaches them money skills

Money Quests take place in the Moneyverse, with exciting storytelling as Kit’s world is unveiled. Your kids can play mini games, take quizzes, earn rewards and get nudges to promote real-world behaviours, like setting up a savings goal.

Kickstart financial education and empowerment for your children with the Kit app

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Things you should know

This article was originally published in Brighter magazine

Kit is built by CBA New Digital Businesses Pty Ltd ABN 38 633 072 830, which is wholly owned by Commonwealth Bank of Australia.

ABN 48 123 123 124 AFSL 234945 (CommBank). Kit financial products including the Kit Account and the Kit Card are issued by our partner Hay Limited (ABN 34 629 037 403 AFSL 515459). Consider the PDS, FSG, TMD, T&Cs and other important information at heykit.com.au/legal. Any advice given is general in nature. Fees and charges may apply. QR codes are provided for your convenience and the location you are taken to will not ask you for your banking information like your NetBank Client ID, password or NetCode. Visit commbank.com.au/hoax for more information.