CreditStacker: Gamifying Financial Literacy

The 74 Jul 11, 2018
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CreditStacker: Gamifying Financial Literacy Giving Compass

Giving Compass’ Take:

• Tim Newcomb explains how Angel Rich developed a game to help adults and children alike become financially literate to reduce poverty. 

• How does the medium information is presented in change the reach of the message? 

 • Find out how financial literacy can be essential to college success.

Growing up in a family in the life insurance business, the aptly named Angel Rich found financial literacy came easily. But she realized that for many people, this wasn’t the case. So after winning the Goldman Sachs Portfolio Challenge her senior year of college, she was inspired to turn her financial know-how into a tool to help others, especially populations and demographics she saw as underserved.

Rich, who at 30 was named a Top Black Female Founder by Google and was declared “the next Steve Jobs” by Forbes, started by founding WealthyLife, “to leverage technology to scale poverty reduction,” she told Medium. And now, her popular CreditStacker app makes gaining financial knowledge into a game, a perfect platform for reaching multiple demographics and age groups — including school kids.

CreditStacker is a matching game akin to Candy Crush that allows users to swap colored pieces that represent major credit types, in an effort to pay off debt and earn a higher credit score. Players can also learn from multiple-choice questions.

Read the full article about CreditStacker by Tim Newcomb at The 74.

Youth Development is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.

  • This article is deemed a must-read by one or more of our expert collaborators.
    Click here for more.
    A Pre-K Success Story in Cincinnati

    Giving Compass' Take: · In 2016, the city of Cincinnati voted to fund pre-k programs for struggling families. Now, The 74 reports on the effectiveness of these pre-k programs and how they have helped over 1,300 children prepare for their future education and lives. · How does pre-k set the trajectory for success? What advantages does it provide?  · College readiness begins before kindergarten. They’re not called formative years for nothing. Children who are not ready for kindergarten are less likely to be reading at grade level by third grade and face more devastating pitfalls later, such as dropping out of high school and ending up in the prison system, says Shiloh Turner, executive director of Cincinnati Preschool Promise. That’s why her organization aims to make good on its pledge to give many more low-income youngsters — the Census Bureau estimates the Ohio city has more than 4,000 3- and 4-year olds at or below poverty level — a fair chance to thrive during their destiny-shaping early childhood. The initiative is off to a good start. In its first year, the five-year, $15 million-a-year program, overwhelmingly approved by voters in 2016, has helped more than 1,300 struggling families get their children into quality preschools. Read the full article about pre-K in Cincinnati by Meredith Nelson at The 74.

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