Introducing inherQuests™ Financial Fun Boxes: Educational Games That Teach Financial Literacy to Girls
We know that parents want to give their children the best opportunities that life has to offer, helping them develop necessary skills and knowledge to be happy, successful adults one day. We believe that helping kids build future success starts with teaching them the value of money and how to manage their personal finances. When we can help kids gain confidence and proficiency in their financial skills, we open their minds to dreaming BIG.
Despite being an important and basic life skill, financial literacy is still not taught in schools, creating a need for parents to address money matters with their children. But many parents avoid talking about money for many reasons - sometimes because they simply don’t know how to start the conversation. That is why we created the inherQuests™ Financial Fun Boxes, filled with interactive, play-based Quests for kids between the ages of 5 and 9. Kids will learn life-long lessons through games and real-life experiences focused around giving them an early financial education.
The curriculum for our Financial Fun Box Quests is based on the National Financial Educators Council’s Financial Literacy Standards & Framework and was designed by leading experts in banking, education, child development, toy design, writing, and content creation. Kids learn through play and experiential learning: the “do, reflect, apply to real life” model.
Each Financial Fun Box is themed around different topics that kids will learn like: wants and needs, money, saving, spending, earning, jobs, goal-setting, lifestyles and money attitudes, emergencies, risks, banks, and more. With the help of QuestGirls, parents and children are led on adventures filled with relatable, illustrated characters. When you order the Financial Fun Box, you’ll get three Quests delivered to you along with two Quests sent to you through email.
We raised $20,000 through our Kickstarter campaign to produce our first six boxes and to continue designing and illustrating the rest of the boxes. Once the campaign ends, we will be sending you a survey to best assess which boxes are most relevant to your child.
NEW STRETCH GOAL: An Additional $2,000! If reached, we will substitute the digital Quests that come with each box for one physical one in the box - that means, you get FOUR games in the box!!
The first six boxes available for pre-order include:
- Wants & Needs (Level 1)
- Wants & Needs (Level 2)
- Introduction to Money
- Numbers & Counting
- Lifestyles & Money Attitudes
- Setting & Achieving Goals
You will also get the opportunity to choose boxes we will be producing later on!
What types of Quests are in the box?
There are many types of Quests that may be included in our Financial Fun Box – we like to keep it interesting and fun! Here are some examples:
- Reading - Books, Comics
- Physical - Dancing, Moving, and More
- Creative - Drawing, Coloring, Painting, Writing, Verbal
- Imagination - Scenarios, Acting, Pretend Play
- Problem Solving - Numbers, Counting, Building
- Card Games - Sorting, Choosing, Matching
- Board Games
- Real Life Experiences
- And so much more...!
Because players may be at different academic and experience levels, we recommend our boxes for different age ranges and include a description of the learning goals, so parents can decide the right box for their child’s level. While some Quests may be directly related to money and financial concepts, others teach different skills needed for financial literacy without referencing money. As your child advances through the boxes, more money-related Quests are introduced in an age-appropriate way.
Why Do We Focus On Girls?
A recent survey by T. Rowe Price shows that girls receive less encouragement and are less confident about their abilities to manage their own money and demonstrate math skills. By the time they are adult women, and they may be paid less and may work fewer years as they raise families. Other research also shows that since women live longer, so there is also a critical need for them to have to save more money for retirement.
All the above play a big role in increasing women’s chances of becoming financially dependent on family members or life partners. We want to help girls build a strong financial foundation through our experiential and fun games, so they can grow up to become financially empowered women with the ability to follow their dreams.
Why Parents (And Kids) Love Us!
- Parents who have tried our Quests love them because:
- Kids are drawn away from screen-time... and remain engaged for hours.
- They get quality time with their kids that is both fun and educational.
- The Quests are reusable and can be played over and over again.
- The games are adaptable in difficulty and in the number of players - a great way to have family fun.
- They can use our QuestGirls as examples and a reference in their day-to-day lives when wanting to create teachable moments.
Our Quests are great conversation starters when you’re not sure how to have those money conversations with your kids – at the store when she’s nagging, when she’s starting to borrow from and trade with friends, or when you want to help her create a plan to save for something special.
Here is what some parents have to say:
Delivery TimeThe first 100 orders of our first box "Wants & Needs Level 1" can be delivered in time for Christmas for the U.S. and Canada.
Simultaneously, we will start production of the remaining boxes in our first series while beginning the design and testing of the next batch of 5 - 6 boxes, so we can have them available to you by May of 2019.
About Dina Shoman, Founder of inherQuests™
Hi! My name is Dina Shoman, a banking veteran and a fourth generation member of a banking family from Jordan, so you can imagine how much I heard about money and finance at home growing up... and, it BORED ME TO TEARS!
But, somehow I got interested in finance and ended up graduating from Bentley University with a BS in Finance, and later an MBA. I joined the bank in Jordan after graduation, and by 2012, I had built a successful career in the industry. While still in my 20s, I became the youngest and only female Executive Vice President, sitting on the boards of multiple banks and NGO entities.
Hearing stories of women being burdened by student loans, mortgages, and credit cards as they drowned in debt frustrated me, especially when they felt stuck in jobs they hated and in living situations they didn’t want to be in - just to be able to pay the bills. I heard constant regrets of not having known any better. Many women wished they had learned about money earlier on so they could have made better decisions for themselves, and now they were determined to prevent their daughters from following the same exact path.
I needed to do something: I wanted to find a way that would build young women’s financial confidence, to help them make smarter, better choices for themselves. Most importantly, I wanted to help them become independent and free to make their own choices in life, so they could follow their dreams.
I wanted to create something to start teaching girls at a young age. Not it did have to be educational, but also experiential and fun!
With an amazing and talented team with extensive experience in education, child development, content creation, and toy design, inherQuests™ Financial Fun Boxes have been brought to life, and I am SO EXCITED to be presenting them to you as inherQuests™ first building blocks towards girls becoming financially empowered women.
Risks and challenges
The good news is that we have the full curriculum (all the Quests) developed in terms of content - that's around 150 games!
We also designed, prototyped, and tested 30 of them, making changes with the feedback we received. We now have six boxes ready for production.
With your funding support, we will be able to produce the first boxes and continue designing and testing the remaining Quests to create the remaining boxes.
Your funding will help pay for toy designers & illustrators, content creators, prototype printing, and testing-related costs.
In terms of risks:
Timing - Our first box, "Needs & Wants Level 1" can be produced in time for Christmas. The remaining boxes' timing depends on funding, quantities that are pre-ordered, and securing manufacturers who can print higher volumes faster. It also depends on setting up fulfillment for higher volumes. We cannot guarantee when the next boxes in the series would be delivered, but we will work tirelessly to deliver them as soon as possible.
Pricing - Changes to the costs of future boxes may change for many reasons: pre-order volumes, changing the number of Quests in a box, securing (or not securing) high volume and cost efficient manufacturers and fulfillment centers, the cost of materials (such as paper), and any future changes to taxes, sourcing, and shipping costs.
Lack of capital - Not raising enough money to continue with the process, and not being able to raise any other funds from elsewhere, may lead us to not be able to fulfill all the boxes purchased in this campaign.
Lack of Awareness - Not being able to spread the word about our Financial Boxes is a risk, affecting our ability to raise the funding needed and growing the business to continue producing more boxes. You can help us by sharing our campaign with people you believe would love this for their kids.
A big personal challenge that is close to our hearts is finding partners that can help us provide our boxes to girls in economically challenged communities. As we grow the business with your support, we will not only be able to complete all the boxes but also explore and establish such partnerships.Learn about accountability on Kickstarter
- (30 days)