1. July 22, 2013
AMT Consumers Services and YetiZen Present
The Money Game Design Jam
2. THE PROBLEM: FINANCIAL EDUCATION
DOES NOT LEAD TO ACTION
Most of the education focuses on financial
lessons that do nothing to drive behavior…
not to mention are boring beyond belief
Financial education needs to focus on driving behavior and
be engaging!
3. IMPORTANT CRITERIA FOR YOUR
GAME DESIGN
expose users to an
environment/framework that
enables users to weigh and explore
the varying impacts of their financial
decisions.
utilize game mechanics that
highlight at least one of the following
concepts critical to responsible
financial decision-making:
• Planning (goal setting)
• Choice modeling (cost benefit
analysis, delayed gratification, time
value of money)
• Tracking/Assessing
• Pivoting (or reworking budgets
gone awry)
Example Frameworks:
Players are tasked with decision
points where they have to
balance their money versus one
of these needs
• Time vs. Money
• Health vs. Money
• Environment vs. Money
• Entertainment vs. Money
• TBD vs. Money
Directional only! Build off something
above, come up with your own, or
devise an entirely different approach.
4. THE IMPACT: WHAT YOU GET
PARTICIPATE AND … earn a chance at $15,000 prize money
and use your design chops to bring a new perspective to an
industry greatly in need of innovation!
Register here: http://moneygamejam.eventbrite.com/
Refer a friend and enjoy a free hour usage of YetiZen private
rooms!
5. ABOUT THE PRESENTER
Omar Abdelwahed
Omar Abdelwahed is a producer, engineer
and writer. As an engineer, Omar has 15
years experience leading teams and
launching video game and web properties
for large publishers including Ubisoft and
2K; retailers such as Best Buy and
Musicland; and startups such as
PLAYSTUDIOS. Omar's work includes the
free-to-play shooter, "Ghost Recon Online,"
and the biggest NBA video game franchise,
"NBA2K13". Omar is currently consulting in
mobile games and producing an
unannounced mobile spy game.
6. APPENDIX: TRADITIONAL FINANCIAL
LITERACY APPROACHES
Compound interest, which leads to discussion of saving,
Opportunity cost, which leads to smart decision making,
Value of education, which leads to wise choices about finding
a college and paying for it,
Risk, which leads to discussion of diversification and insurance,
What money is, which leads to understanding what it can and
cannot buy,
Time value of money, which leads to more informed
purchasing, investing and planning,
Cost/benefit analysis, which leads to better decision making,
Setting Goals, which leads to desired outcomes,
Delayed gratification, which leads to the ability to consume
more in the future,
Scarcity, which leads to acknowledging limitations and making
choices,
Inflation, which leads to discussion
WHAT THE TEXT
BOOKS COVER
7. APPENDIX: TRADITIONAL FINANCIAL
LITERACY APPROACHES
CFPB’s Financial Education Core Competencies:
Core concept Knowledge Action/behavior
Earning ................................. Gross versus net pay ...................................................... Understand your paycheck.
Benefits and taxes .......................................................... Learn about potential benefits and taxes.
Education is important .................................................... Invest in your future.
Spending .............................. The difference between needs and wants ...................... Develop a spending plan.
Track spending habits.
Live within your means.
Understand the social and environmental
impacts of your spending decisions.
Saving .................................. Saved money grows ....................................................... Start saving early.
Pay yourself first.
Know about transactional accounts (checking) .............. Understand and establish a relationship
with the financial system.
Know about financial assets (savings accounts, bonds, stocks, mutual funds). Comparison shop.
Balance risk and return.
How to meet long-term goals and grow your wealth ...... Save for retirement, child’s education,
and other needs.
Plan for long-term goals.
Track savings and monitor what you own.
Borrowing ............................. If you borrow now, you pay back more later. The cost of borrowing is
based on how risky the lender thinks you are (credit score).
Avoid high cost borrowing, plan,
understand, and shop around.
Understand how information in your
credit score affects borrowing.
Plan and meet your payment obligations.
Track borrowing habits.
Analyze renting versus owning a home.