education 10x financial literacy reviews

• Education 10x Financial Literacy...

Education 10x Financial Literacy Review

• Feb 23, 2024

Financial literacy, the ability to understand and use various financial skills, including personal financial management, budgeting, and investing, has become a critical aspect of personal development in recent times. 

Introducing these skills to young minds can lay a foundation for financial independence, responsible decision making, and better life management. 

Thus, understanding various financial educational programs that cater to young minds becomes critical for parents and educators. Here’s a detailed Education 10x Financial Literacy review.

Education 10x Financial Literacy Review – A Trailblazer in Youth Education

In the realm of youth-centric financial education, Education 10x stands out as a premier institution. Predicated firmly on its mission to empower young minds with practical financial know-how, Education 10x is carving a niche for itself. 

This includes budgeting, saving, spending wisely, making investments, understanding interest, and being aware of the larger economy. 

The core belief of the organization is that such critical knowledge building needs to start early and go beyond the traditional school curricula.

Education 10x Financial Literacy Program – An Evaluation

Stepping into the details of the Education 10x Financial Literacy Program, we discover an educational structure that is comprehensively planned. The program is meticulously designed, offering a holistic overview of financial skills like budgeting, investing, borrowing, and saving.

Education 10x endorses the use of interactive multimedia, such as engaging charts, diagrams, animations, video clips, and quizzes, to elucidate financial concepts. 

The core of the teaching ideology hinges on active learning where learners are not rote memorizing mundane textbook material but acquiring an understanding of real-world financial applications.

The program shines when it comes to the target demographic. Education 10x Financial Literacy caters to a wide age group, spanning from pre-teens to young adults. 

Each lesson is carefully crafted, keeping in mind the cognitive development stage of this age bracket, ensuring complexity is balanced well with comprehension.

The People’s Verdict – User Reviews, and Ratings

The credibility of any program rests heavily on its users’ experiences and the Education 10x Financial Literacy Program proves to be no exception. 

For an accurate and unbiased analysis, reviews from numerous users across various trusted platforms were gathered and studied.

Many reviews commended the latent relevance of the program and acknowledged the colossal benefits of inculcating financial education at an early age. 

Parents have noted their children’s improved understanding of financial management, even in minor life events, like handling their allowances post-program, an indicator of the program’s positive influence.

Based on numeric evaluation, the program enjoys high user satisfaction, with an average user rating of 4.5 out of 5 across multiple platforms.

Pros and Cons of Education 10x Financial Literacy Program – The Balance Scale

Advantages of the education 10x financial literacy program, comprehensive curriculum.

The curriculum designed by Education 10x is one of its major strengths. It ensures that every pinnacle in the vast world of financial education is touched and explored, providing learners with a holistic understanding of finance. 

This includes essentials such as budgeting, investing, saving, and wise spending to more complex areas like understanding interest and the larger economic environment.

Practical Approach

Another edge Education 10x has over its competitors is its orientation towards real-world financial management. This translates into practical learning, where students are more engaged and likely to retain and apply the knowledge in personal contexts.

Interactive Learning Environment

Education 10x Program leverages an easy-to-navigate interface infused with engaging teaching tools from interactive games to informative videos. This blend ensures children remain engrossed while grasping the key financial concepts.

Disadvantages of the Education 10x Financial Literacy Program

Limited practice exercises.

Every learning experience must balance theory with practice. This is one area where the Education 10x program could enhance. Some reviews point to a lack of sufficient supplementary exercises to allow learners to put theory into practice. 

More interactive quizzes and simulations would provide a space for practical application of learned knowledge.

Pace of Learning

The pace of the program has emerged as another concern, as per a few reviews. Learning is a gradual process, and sometimes the current pacing might challenge specific learners. 

Adjusting this to cater for individual capabilities can make the learning process more personalized and effective.

Comparative Analysis of Similar Financial Literacy Programs

A comparison with contemporaneous organizations reveals the position Education 10x Financial Literacy holds within the market. The majority of financial literacy programs cover similar core financial concepts. 

However, what sets Education 10x apart is its profound emphasis on practical applications rather than relying solely on theoretical knowledge.

User satisfaction with Education 10x edges out several of its counterparts. A comprehensive program structure, engaging learning modules, and effective delivery mechanisms help secure its place as a solid option for parents and learners.

Frequently Asked Questions

What is the age range for the education 10x financial literacy program.

The program caters to a wide range of age groups – from pre-teens to young adults.

How does Education 10x compare to other financial literacy programs?

Education 10x sets itself apart with its emphasis on practical applications. Its curriculum is designed to engage the students actively.

Is the Education 10x program worth the investment?

Given the high user ratings, positive reviews, and the comprehensive nature of the program, it seems to be a worthwhile investment for parents and educators looking for an effective financial literacy platform.

What teaching methodologies does Education 10x use?

The program uses a mix of engaging instructional strategies including interactive modules, video clips and quizzes which enable a better understanding of concepts.

What skills can students expect to gain from the Education 10x Financial Literacy Program?

The program is structured to teach crucial skills like budgeting, investing , borrowing, and saving, thereby helping students understand the nuances of managing money.

Conclusion 

Taking all the discussed points into consideration, one can confidently say that the Education 10x Financial Literacy Program is a worthwhile investment. The program fulfills its mission of imparting effective financial literacy to young learners comprehensively.

With novel teaching methodologies and an engaging curriculum, Education 10x equips students with core competencies in personal finance that are needed in today’s ever-complex financial world. 

Parents and educators looking to give their children a head-start in their financial journey might find the Education 10x Financial Literacy Program to be a trusted resort.

Copyright © 2024 THE STOCK DORK

• Affiliate Disclosure
• Cookie Policy

Insight Tribune

Ignite Your Mind and Illuminate Your World

A Closer Look at Education 10X Financial Literacy: My Honest Review

Are you looking to improve your financial literacy? Do you want to learn how to make better financial decisions and secure your financial future? If so, you might be interested in Education 10X Financial Literacy.

In this article, I’m going to take a closer look at Education 10X Financial Literacy and give you my honest review. I’ll cover what it is, how it works, and what you can expect from it.

What is Education 10X Financial Literacy?

Education 10X Financial Literacy is an online program designed to help people improve their financial literacy. The program covers a wide range of topics, including budgeting, saving, investing, and debt management.

The program is designed to be accessible to anyone, regardless of their financial background. It’s also designed to be flexible, allowing people to learn at their own pace.

How Does Education 10X Financial Literacy Work?

Education 10X Financial Literacy is delivered through a series of online classes. The classes are taught by financial experts and cover a range of topics, from basic financial concepts to advanced investment strategies.

The program is designed to be interactive, with participants able to ask questions and interact with the instructors. It’s also designed to be flexible, with participants able to access the classes at any time and from any device.

What Can You Expect from Education 10X Financial Literacy?

If you enroll in Education 10X Financial Literacy, you can expect to gain a solid understanding of financial concepts and strategies.

The program covers a wide range of topics, including:

• Budgeting and money management
• Saving and investing
• Debt management
• Credit reports and scores
• Retirement planning

In addition to the classes, Education 10X Financial Literacy also provides tools and resources to help participants apply what they’ve learned. These resources include budgeting worksheets, retirement planners, and investment calculators.

Conclusion: Is Education 10X Financial Literacy Worth It?

So, is Education 10X Financial Literacy worth it? In my opinion, yes. The program provides a solid foundation in financial concepts and strategies, and the interactive format helps participants stay engaged and motivated.

Of course, like any educational program, the value you get out of Education 10X Financial Literacy will depend on how much effort you put into it. But if you’re looking to improve your financial literacy and take control of your finances, Education 10X Financial Literacy is definitely worth considering.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Related Posts

• Explorations

Discover the Best Nutrition Bars Near Me and Their Benefits!

• Aiden Scholar
• June 17, 2023

nutrition bars are an excellent source of energy-rich snacks that provide essential nutrients to the…

Exploring the Fascinating Intersection of Popular Culture and Rutgers University

• June 10, 2023

rutgers university is one of the most well-known educational institutions in the united states. but…

Exploring the Exciting Future of Wearable Technology Research: Insights from a Scientist

• June 15, 2023

wearable technology has been around for decades, but it’s only in recent years that it…

Why Nurse Health Coach Jobs are in High Demand

• June 13, 2023

as the healthcare industry continues to evolve and change, there is a growing need for…

Knowledge and Science Bulletin Board System

Exploring the World of Knowledge and Understanding

Maximizing Education 10x: A Comprehensive Review of Financial Literacy Program

By knbbs-sharer.

Introduction

Financial literacy is a crucial aspect of modern society, and it has become increasingly important in recent years. With the rise of digital payments, investment options, and lending practices, the need for financial education has reached an all-time high. The financial literacy program is one such initiative that aims to educate individuals on financial management principles. In this article, we will take a comprehensive look at this program, its objectives, and the benefits it offers.

Objectives of the Financial Literacy Program

The primary objective of the financial literacy program is to provide education and training on critical financial matters to individuals. The program aims to increase the financial knowledge and ability of individuals to manage their finances effectively. Additionally, it provides insights into various financial instruments and their appropriate usage to maximize their potential.

Benefits of the Financial Literacy Program

There are numerous benefits of participating in the financial literacy program, including:

1. Increased financial awareness: The program offers an in-depth understanding of the financial world, providing practical information necessary for competent financial decision-making.

2. Better financial planning: Through knowledge of investment options, savings, and debt management, individuals can make informed decisions about their financial future.

3. Improved financial well-being: With appropriate financial guidance, individuals are better equipped to make sound financial decisions, which can enhance their financial stability and security.

Key Features of the Financial Literacy Program

The financial literacy program offers participants several key features, including:

1. Comprehensive education on financial matters: The program covers a wide range of financial topics, such as budgeting, investing, and debt management.

2. Expert guidance: The program provides access to qualified professionals who offer financial expertise and guidance

3. Interactive sessions: The program holds interactive sessions that enable participants to engage and share their experiences with others.

An example of the benefits of a financial literacy program is seen in the case of John, a young working-class individual with limited financial knowledge. John joined a financial literacy program and received comprehensive education on budgeting, investing, and saving options. Through the program, he learned how to budget effectively, save appropriately, and invest wisely. John also learned how to manage his debts, which enabled him to remain financially stable during an unexpected layoff. The financial literacy program transformed him into a financially aware and stable individual.

In conclusion, financial literacy is a critical aspect of modern society, and the financial literacy program is an effective way to educate and improve the financial well-being of individuals. Its comprehensive education, expert guidance, and interactive sessions are valuable resources that offer tremendous benefits. By participating in this program, individuals can gain the necessary knowledge and skills to maximize their education, promote their financial stability, and ensure a secure future.

(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)

Share this:

Discovery new post:.

• The Benefits of Outdoor Education
• The Importance of Financial Literacy Education
• The Intersection of Health and Education: How Education Can Promote Healthy Living
• How the Education Justice Project is Empowering Incarcerated Individuals to Pursue Higher Education

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

Related Post

Unlocking the gateway to knowledge: 5 key steps for effective learning, unveiling the treasure trove: met bhujbal knowledge city – a hub of innovation and learning, unlocking the power of knowledge: 10 proven strategies for unprecedented growth, leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

2024 US Travel Advisory: Top 10 Safe Destinations for Unforgettable Adventures

Batting into lifestyle: a beginner’s guide to the baseball lifestyle 101, unlocking the secrets of your gut: 5 proven health hacks for optimal wellness, unleashing the power of nen: how contemporary culture shapes the new generation.

I was $180K in debt after not learning about money growing up. My kids will learn from my mistakes.

• Growing up, there was little talk about money, and I didn't receive financial literacy education.
• Not understanding the basics of money led to $180,000 in debt.
• Here's how I overcame the debt, built savings, and am creating a financial legacy for my children.

I grew up in an immigrant home where talking about money was a mystery and kind of a taboo topic.

My parents didn't discuss money or talk about their struggles to support me, my two brothers, and my sister. I could see my parents working hard — multiple jobs at times — but I didn't know how they were doing financially.

I was not taught about finances in any of my schools. The only thing I knew about money was that I would need a way to pay my bills.

I got my first job at 15 years old and spent every dollar I made

My first job was on a cleaning crew, and I made minimum wage , but it was a lot of money. At 16, I got a job at Burger King and started to make what felt like "real" money.

With each job and paycheck, I didn't give a second thought to my financial future , to the fact that I should be saving a portion of the money, and that uncontrolled spending was not the best idea.

As an 18-year-old, I got a job at Pepsi, making $60,000 a year, and still had no plan for my money. I did what many American young people do: I got several credit cards, accumulated a lot of debt (over $180,000 at one point), and declared bankruptcy in my 20s when I couldn't pay my bills.

Related stories

What made it even harder was that my first son was born when I was 19, followed by my second son and daughter a few years later.

I started a business in my 20s, and it grew quickly. Despite years when I brought home over $150,000, I continued my poor spending and lack of savings.

It wasn't until I reached 30 that I got serious about money.

I remember sitting in my living room looking at a pile of bills, frustrated that I didn't have enough money to pay them, and understanding that my lack of financial literacy would keep me there.

I started to think about how I could earn more money, save for retirement, and what I'd leave my children

I knew I needed to break the pattern and teach my children financial literacy lessons.

I focused on earning more money through my online business and changed my habits. Each morning, I would start by reading a book, listening to a podcast, or watching a YouTube video about money and financial literacy.

I created a budget and kept to it. I started putting aside 20% of each paycheck for savings, and I paid down debt. As I paid down debt, I began investing in the stock market.

I shared the lessons with my children

My saving and investing went into overdrive in my 40s. I've saved and invested significant money and feel good about my future retirement.

I became a stepdad when I married my wife Cindy and inherited three bonus children.

My wife and I agree on the importance of saving, investing, and becoming financially free. We're also committed to teaching those lessons to our children.

I've taught my kids that they don't have to follow my hard path to become smart about money. I've taught them that saving a portion of their paycheck is wise. I've also taught them the importance of having a three — to six-month emergency fund in case of unexpected circumstances.

I've shown my kids that the stock market has historically returned 10% over the last 100 years. Even with a little bit invested each month, that money can grow into a million dollars by the time they reach my age.

The most important lesson I've taught my children is that life is about more than working

But I've also taught them that life should be lived and that money is the instrument that allows them to live life fully.

I've taught my children the importance of financial freedom. A work "optional" life means they can spend their time doing whatever they want without needing a job or business to be their everything.

With enough money saved and invested in the stock market, they could live off a 4% withdrawal and not touch the principal investment.

I've taught them they can achieve financial freedom without needing to time the market or choose individual companies to invest in — they can invest in low-cost index funds, EFTs, and mutual funds.

Financial literacy is critical for parents to teach their children. Finances are not generally taught in schools, so children grow into adults with bad money habits.

Learning good money habits helps children grow up and become financially savvy adults. I continue to teach my children this every day.

Watch: 6 simple investing tips for beginners

• Main content

• Our Mission

Teaching Kids to Manage Money Yields Big Returns, Research Says

A 2023 study shows that when teens receive financial literacy lessons in school, they manage their money more effectively well into adulthood.

Walk into Tamekia Davis’s 11th-grade classroom and you may see students’ desks covered in beans—but it’s not a cooking class. “The beans will represent your salary,” announces Davis, a teacher at Parkdale High School in Maryland , causing a few heads to turn. “And you’re going to have to decide where you are going to spend this money.”

With this unusual task in hand, students huddle together in pairs to make difficult decisions. Should they spend one bean to ride the bus or three beans to buy a used car? And what about food—cook at home for two beans or eat out for four? This bean-based crash course in budgeting not only is fun; it’s also an example of a relatively simple lesson that introduces students to key concepts in personal finance.

But how effective are finance lessons, really ? When kids are introduced to complicated financial topics like compounding interest rates, savings accounts, or personal and business taxes, does the information just go in one ear and out the other?

New research from Vermont’s Champlain College is unequivocal: Financial literacy lessons have an “overwhelmingly” positive impact on students’ future financial habits, from budgeting and saving to avoiding predatory loans, according to their 2023 report on nationwide high school financial literacy. In fact, the effects on students’ financial well-being are detectable over a decade after graduation.

Research Points to Robust Benefits

In their report, Champlain College’s researchers assigned U.S. states letter grades based on their commitment to high school financial literacy. An A meant that the state required “personal finance instruction as a graduation requirement that is equal to a one-semester, half-year course” at the high school level. An F, meanwhile, indicated that the state had “virtually no requirements for personal finance education in high school.”

Only seven states received an A. A plurality received Bs, while five states—including California, home to one of every eight high school students in America—got an F.

Many states are in the process of implementing new personal finance laws, though, so the researchers project that 23 states will reach an A grade by 2028. That’s a welcome trend, the authors write—not simply because the Covid-19 pandemic has highlighted the financially precarious situations of many American families, but also because high school personal finance courses have a robust impact on students’ future financial habits.

“Overwhelmingly, high school financial education improves credit and debt behaviors,” the report says. “Requiring financial education improves credit scores, reduces delinquency rates, reduces the use of alternative financial services (e.g., payday lending), and shifts students from high-interest to low-interest methods of financing a college education.” 

A 2020 study they cite, for example, found that 18-to-21-year-olds were at least 40 percent less likely to fall a month behind on payments to credit accounts if they had three years of financial literacy education in high school; these recent high school graduates also had credit scores roughly 25 points higher than those of their peers. 

These advantages last, too: Research shows that the benefits of high school finance lessons—from increased savings to speedier loan repayments—were still detectable 12 years after graduation.

Surprisingly, the benefits can also be spread among generations. Parents of the students receiving financial instruction tend to end up with higher credit scores and a lower chance of defaulting on loans, and educators who teach financial literacy often see an increase in their own savings balances .

FINANCIAL LITERACY ACTIVITIES TO TRY

Given the widespread benefits of financial literacy, it seems worthwhile to integrate more finance-related lessons into class—even if your state doesn’t mandate it, and even if it isn’t a subject you’re responsible for. 

There are a variety of simple personal finance lessons that can slot into subject-area classes like math and English language arts. Here are a few to consider trying:

Play the bean game: To try the bean game from Davis’s class, check out this embedded worksheet—as well as the accompanying lesson plan from Next Gen Personal Finance. The worksheet lists various housing, food, insurance, clothing, and transportation options, ranging from 0 to 4 beans in price. (You can use any small object for the currency.) In her classes, Davis includes an optional element of chance: A digital wheel determines whether a random financial event will affect the whole class. If the wheel lands on “broken leg,” for instance, groups must remove three beans from their paper if they didn’t include health insurance in their original budget.

Evaluate credit cards and tax forms: At San Marcos High School in California, personal finance teacher Tara Razi “literally brought her wallet into class and showed us her different credit cards,” one of her students told KQED . Having kids compare different credit cards—their interest rates, late fees, cash-back policies, and benefits—is a fun and informative activity that could be integrated into a math lesson. For another math-related finance activity, Mission Hills High School’s Jeff Montooth has his students fill out tax forms using either fake pay stubs or real ones from their part-time jobs; kids are surprisingly engaged by filing mock taxes, often competing to get the biggest tax refund, Montooth told KQED.

Budget-based PBL: Middle school teacher Pamela Kranz designed a monthlong project-based learning (PBL) unit that she integrated into her math classes. Students choose a career from a list of options, then receive a “salary” for the month based on the actual median salary for that career, as reported by the Bureau of Labor Statistics . Over the course of the month, students must choose between apartments (from actual online listings), transportation options, groceries, and more. During each activity , they calculate their expenditures to make sure they’re staying within budget.

Play financial Jenga: Family and consumer sciences teacher Kailen Stover has students play a game of Credit Score Jenga, where each Jenga block that a student pulls out has a number corresponding to one of 50 different credit-related events. If a student pulls a seven, for example, it means they “paid [their] $350 car loan payment on time” and should add 10 points to their credit score; pulling a 33 means they were a victim of identity theft, and they must subtract 70 points.

If you’re looking for more specific finance-related curricular resources, check out free online lesson plans offered by Next Gen Personal Finance or class activities from the Consumer Financial Protection Bureau .

Get the Reddit app

Welcome to r/scams. This is an educational subreddit focused on scams. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. Please read the rules: https://reddit.com/r/Scams/wiki/rules and our wiki BEFORE posting. Please give posts appropriate, descriptive titles. Joking comments on serious posts will be removed. Be civil.

BrightChamps aka Education 10x Financial Literacy for kids and teens. How legitimate is it ?

I got a Facebook ad about this company BrighChamps offering Financial Literacy classes for teens. I enrolled my 12 yr old for a trial class. Seems legitimate and saw a real person taking classes and quizzes. Then comes the coordinator who explains me the curriculum. Seems like 150 classes with $9 per class coming up to $1350.00 as one time payment. Are these guys legitimate? Any experience anyone ?

By continuing, you agree to our User Agreement and acknowledge that you understand the Privacy Policy .

Enter the 6-digit code from your authenticator app

You’ve set up two-factor authentication for this account.

Enter a 6-digit backup code

Create your username and password.

Reddit is anonymous, so your username is what you’ll go by here. Choose wisely—because once you get a name, you can’t change it.

Reset your password

Enter your email address or username and we’ll send you a link to reset your password

Check your inbox

An email with a link to reset your password was sent to the email address associated with your account

Choose a Reddit account to continue

• Submit A Post
• EdTech Trainers and Consultants
• Your Campus EdTech
• Your EdTech Product
• Your Feedback
• Your Love for Us
• EdTech Product Reviews

ETR Resources

• Mission/Vision
• Testimonials
• Our Clients
• Press Release

BrightChamps Makes Its First Acquisition With Financial Literacy Education Platform Education10x

BrightChmaps, a next-generation life skills learning platform for kids, has announced the acquisition of Education10x, a financial literacy education platform for children, in a cash & stock deal, marking its first acquisition since its inception.

The acquisition is in line with BrightCHAMPS’ vision of providing a one-stop solution for future-ready life skills to children in the K-12 segment.

As part of the deal, all the co founders and employees of Education10x has on boarded BrightChamps and they will continue to run Education 10x.

Launched in 2021 by IIM-Calcutta alumni Gyan Tiwari, Prasanna N Muley and Bhavishya Chaurasia, Education 10x has developed the world’s first gamified finance program for young children and teens from 8 to 16 years of age. The program’s interactive curriculum is delivered in a live, 1-on-1 class model by finance professionals who hold CA and MBA degrees.

Announcing the acquisition, Founder and CEO of BrightChamps, Ravi Bhushan, said, “At BrightCHAMPS, our aim has always been to equip children with all the next-generation future-ready skills which they will need to lead fulfilled, successful lives. We believe financial literacy is one of the best gifts that can be provided to the children. Aware and progressive parents across the globe have already started realizing its importance and we are already seeing an amazing early interest from people across the world. With that in mind, we’re delighted to welcome Education10x, with its demonstrable track record of achieving phenomenal learning outcomes within the financial literacy for children’s space, to the BrightCHAMPS family.”

The start-up currently offers classes to students from 20 countries, including Saudi Arabia, Kuwait, US, Canada, UAE, Qatar, Bahrain, and Oman.

BrightChamps was founded in July 2020 by Ravi Bhushan, aims to empower kids across the globe in the age group of 6 to 16 with important next-generation life skills through its adeptly crafted live learning program. The Goa-based start-up teaches kids programming, artificial intelligence, and others and is currently operational in over 10 countries including several in Southeast Asia and the Middle East.

Speaking about the company, Co-founder of Education10x, Gyan Tiwari, said,”Education10x was started with the mission of teaching the critical life skill of financial literacy to children overlooked by current education systems. Over the last 18 months, we’ve seen tremendous response from parents and children globally and now with the support of BrightChamps, we will be further investing heavily in global expansion, launching new courses in cryptocurrency and entrepreneurship, hiring across verticals and building products that can provide an even more sophisticated experience for children.”

BrightChamps believes in nurturing the hidden potential which kids innately have. Its adeptly crafted programs complement the school curriculum to fuel the latent talents of the children and groom them towards future success in alignment with their natural abilities and inclinations.

The latest development comes a couple of months after BrightChamps raised $63 million in a funding round led by Premji Invest, GSV Ventures, Binny Bansal, 021 Capital, and BEENEXT. The round helped the EdTech startup to become a soonicorn with a $500 million valuation.

Latest EdTech News To Your Inbox

Stay connected.

Sign in to your account

Username or Email Address

Remember Me

BrightCHAMPS acquires Education10x, the world's first financial literacy education platform for children India - English USA - English

News provided by

08 Feb, 2022, 11:15 IST

Share this article

PANJIM, India , Feb. 8, 2022 /PRNewswire/ -- Goa -based global edtech platform, BrightCHAMPS , announced the acquisition of Education10x, a financial literacy education platform for children, in a cash & stock deal on Tuesday. The acquisition is in line with BrightCHAMPS' vision of providing a one-stop solution for future-ready life skills to children in the K-12 segment.

18-month-old Education10x was founded by IIM-Calcutta alumni Gyan Tiwari , Prasanna N Muley and Bhavishya Chaurasia. The company has developed the world's first gamified finance program for young children and teens from 8 to 16 years of age. The program's interactive curriculum is delivered in a live, 1-on-1 class model by finance professionals who hold CA and MBA degrees. Education10x currently offers classes to students from 20 countries, including Saudi Arabia , Kuwait , US, Canada , UAE, Qatar , Bahrain , and Oman .

Announcing the deal, Ravi Bhushan , Founder & CEO, BrightCHAMPS, said, "At BrightCHAMPS, our aim has always been to equip children with all the next-generation future-ready skills which they will need to lead fulfilled, successful lives. We believe financial literacy is one of the best gifts that can be provided to the children. Aware and progressive parents across the globe have already started realizing its importance and we are already seeing an amazing early interest from people across the world. With that in mind, we're delighted to welcome Education10x, with its demonstrable track record of achieving phenomenal learning outcomes within the financial literacy for children's space, to the BrightCHAMPS family."

Gyan Tiwari , Co-Founder, Education10x, said, "Education10x was started with the mission of teaching the critical life skill of financial literacy to children overlooked by current education systems. Over the last 18 months, we've seen tremendous response from parents and children globally and now with the support of BrightChamps, we will be further investing heavily in global expansion, launching new courses in cryptocurrency and entrepreneurship, hiring across verticals and building products that can provide an even more sophisticated experience for children."

Launched in 2020, BrightCHAMPS has presence in 30+ countries and was valued at $500 million in August 2021 , after raising $63 million . It currently employs thousands of educators who deliver tens of thousands of classes around the world every month, for children in the age group of 6-16 teaching them next-generation future-ready skills for thriving in the modern world.

Logo: https://mma.prnewswire.com/media/1742107/BrightCHAMPS_acquires_Education10x_Logo.jpg

Modal title

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

• Personal Finance

The Best Financial Literacy Apps for 2024

Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.

See Full Bio

Our Personal Finance Expert

Financial literacy, which refers to both your knowledge of and ability to use financial skills, is one of the most important factors in smart money management. Although this is an area where many people are lacking, there are more options than ever to learn about personal finance . Financial literacy apps, in particular, are the perfect way for both adults and kids to become more knowledgeable about money. Our team of experts has analyzed all the most popular options to bring you our picks for the best financial literacy apps for August 2024.

Best financial literacy apps:

• World of Money: Best financial literacy app overall
• Zogo: Best financial literacy app for bite-sized lessons
• RoosterMoney: Best allowance app
• Investmate: Best financial literacy app for investing education
• FamZoo: Best financial literacy app for families
• Savings Spree: Best financial literacy app for games
• Penny | Master Your Mone‪y‬: Best financial literacy app for audio lessons

Best financial literacy app overall: World of Money

Bottom line: While many financial literacy apps focus on one age group, World of Money has content for everyone. Each of its lessons has a video module with a quiz at the end. Modules are taught by World of Money graduates who are the same age as the target audience, giving users the opportunity to learn from their peers.

• iOS app rating: 5.0/5 stars
• Android app rating: 5.0/5 stars

Best financial literacy app for bite-sized lessons: Zogo

Bottom line: Zogo is a standout for the way it makes finance fun and keeps users motivated to learn more. It has a similar style to Duolingo, the popular and highly rated language-learning app. You progress through a skills tree with modules dedicated to different financial concepts, such as budgeting and building wealth . Each module offers bite-sized lessons you can complete in a couple minutes.

What's most exciting about Zogo is that it actually pays you to complete lessons. Through partnerships with financial institutions, Zogo rewards users with gift cards to well-known brands, including Amazon, Target, and Starbucks.

• iOS app rating: 4.8/5 stars
• Android app rating: 4.3/5 stars

Best allowance app: RoosterMoney

Bottom line: When it comes to allowance apps, RoosterMoney has everything parents need. It includes an allowance manager with the option of automatic payments, a chore chart, a savings tracker, and a virtual piggy bank. One of the more unique features RoosterMoney offers is its Spend, Save, and Give pots. These encourage kids to think about the different ways they can use their money. If parents want, they can also split allowances between these options.

• iOS app rating: 4.7/5 stars
• Android app rating: 4.6/5 stars
• Cost: Free for virtual tracker; $2.99 per month or $18.99 per year for Rooster PLUS

Best financial literacy app for investing education: Investmate

Bottom line: Investmate takes the often-complicated subject of investing and simplifies it with jargon-free lessons. Courses are designed by finance experts and feature real-world examples to aid your learning. Along with its courses, Investmate also has quizzes, videos, and a comprehensive glossary.

• Android app rating: 4.5/5 stars

Best financial literacy app for families: FamZoo

Bottom line: FamZoo is a virtual family bank with parents as the bankers and children as the customers. Everyone in the family gets their own bank account . Parents can set up automated allowances, create budgets, give out loans, and much more. FamZoo offers both an IOU system that tracks money couples plan to give their children and prepaid cards that parents can load with money. One of the biggest benefits of this finance app is that parents can keep it simple to start and then teach more sophisticated financial concepts later.

• iOS app rating: 4.6/5 stars
• Android app rating: 4.4/5 stars
• Cost: $5.99 per month or as low as $2.50 per month by paying upfront (free two-month trial)

Best financial literacy app for games: Savings Spree

Bottom line: Savings Spree is an award-winning financial literacy app for children ages seven and up. It presents important financial topics through a game to make learning about money fun. During the game, kids will learn about the different ways they can use their funds by putting money into savings accounts , spending it, investing it, or donating it. They'll also find out how seemingly small decisions can add up over time and why it's a good idea to have an emergency fund .

• iOS app rating: 4.0/5 stars
• Android app rating: N/A
• Cost: $5.99

Best financial literacy app for audio lessons: Penny | Master Your Mone‪y

Bottom line: Penny | Master Your Money, or Penny, teaches financial literacy through audio lessons presented by everyday people from all walks of life. It offers content on all sorts of financial topics, including saving money, investing, real estate, and paying off debt . Lessons are quick but still packed with valuable information.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Types of financial literacy apps

There are a variety of financial literacy apps available. Here are the most common types and what they offer.

Financial education apps

These apps focus on providing educational content to users through modules and lessons. They may offer videos, audio, text content, and/or quizzes. This is among the most popular types of financial literacy apps, and there are educational options available for users of all ages.

Allowance apps

With this kind of app, parents can manage allowances for their children. Allowance apps usually offer automated or manual payments and the option to offer rewards for certain tasks, such as completing chores or getting good grades. Some companies that offer allowance apps also have prepaid cards that parents can use for their children's allowances. With a prepaid card, kids can only spend what their parents load from their checking account onto the card. It's not like a credit card, so there's no risk of going into debt.

Investing education apps

A sub-type of financial education apps, investing education apps focus specifically on the subject of investing. They tend to be more advanced than other financial literacy apps, and they're often aimed at teenagers or adults.

Financial games apps

This type of app uses exciting games to help users learn about financial concepts. Although financial games apps can work well for kids of all ages, they're best-suited for younger kids who may not have the attention span to sit through standard money lessons.

Financial literacy apps by age range

Another popular way to group types of financial literacy apps is by the intended age range. There are apps available for kids in grade school, preteens, teens, college students, and adults interested in expanding their financial knowledge.

How to pick the best financial literacy app for you

The most important part of picking the best financial literacy app is deciding the type of app you need. Here are a few questions that can help you figure this out:

• Is the app just for you, or are you looking for an app to help teach your kids about finance?
• How old are the users?
• What features are you looking for? You can find apps that let you send allowances to your kids, watch video lessons, learn how to set up a budget , play games, and much more.

Based on that, you can narrow down your options. For example, if you want to track your kid's allowance on your phone, then you'd focus on allowance apps. You can keep trimming the list with other criteria, such as your price range.

After you have a couple financial literacy apps in mind, take them for a test run. There are plenty of high-quality apps out there, and your personal preference will play a big part in which one is best for you. By giving them a try, you can pick the one you like the most that meets your requirements.

Typical financial literacy app fees and costs

Financial literacy app fees and costs vary depending on the app. There are free financial literacy apps that you can use without any sort of charge. There are also premium financial literacy apps that cost you money. Some apps have both free and premium versions, with the premium versions offering more features.

With apps that charge fees, the typical fees can be one or more of the following:

• One-time fee: A fee you pay only once to use the app or service. This may be the cost of buying the app, unless there's a free trial available.
• Subscription fee: A regular fee you must pay to use the service. Subscription fees are generally charged monthly or yearly. There are often discounts available if you pay for a longer subscription upfront.
• Additional service fee: A fee you pay to access additional services. An app could charge extra for specific content, or if the company also offers a prepaid debit card for your kid's allowance, then that could cost extra.

For the most part, financial literacy apps aren't expensive. And if you're only interested in free apps, you'll still have many options available.

Additional resources to improve your financial literacy

• How does a credit score work?
• How to establish credit
• How to invest money
• Best budgeting apps
• How to open a brokerage account
• Beginners guide to the stock market
• What is a credit utilization ratio?
• Best debt payoff apps

The best way to improve your financial literacy is through educational content. If you want content you can access anywhere, financial literacy apps are a convenient and effective option.

Some financial literacy apps are free, while others charge fees. There are plenty of free financial literacy apps if that's what you're looking for. Premium apps often have free trials available, so you can see if you like them before you pay anything.

We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.

Copyright © 2018 - 2024 The Ascent. All rights reserved.

India's 1st National Financial Literacy Olympiad For Students from Grade 2 to 10 The results are out! Enter your registered email address to view the result: Win Amazon Gift Vouchers worth INR 10,000 -->

The Olympiad will start in

Unlock your potential with the knowledge of Financial Literacy Chance to win Amazon Vouchers worth INR 10,000 -->

India's 1st National Financial Literacy Olympiad For Students from Grade 2 to Grade 10 The results are out! Enter your registered email address to view the result: Sunday, 24th July 2022 | 11 AM --> Win! Amazon Gift Voucher worth INR 10,000 -->

Test your Financial Knowledge on Real-life Scenarios

Are you #MoneySmart? Participate to find out.

Unlock your potential with the knowledge of Financial Literacy

Chance to win Amazon Vouchers worth INR 10,000

Sunday, 24th July 2022 | 11 AM

What is 10x Olympiad?

A one-of-a-kind quiz that tests the financial knowledge of students

Examines students' understanding of real-life scenarios

Get an accurate assessment of extremely critical life skills

An opportunity to compete with fellow students across India and earn Amazon Gift Voucher worth INR 10,000

Be a part of a thriving community of Kidpreneurs and FinKids

Prizes & Rewards

The participants will be competing with kids from the same grade across the country. A winner will be selected for each grade.

Each winner will receive an Amazon Gift Voucher worth INR 10,000

Winners will also be awarded with a Certificate of Achievement

Each participant will receive a Certificate of Participation

All participants will be eligible for a Free Session of our Money Management Course

About Education 10x

World's 1st, gamified financial literacy program, for students by iim calcutta, harvard & nyu stern alumni.

Education10x is the World's first new age Finance and Entrepreneurship Program for Kids and Teens all over the world

Education10X is driven by a mission to make the present generation financially smart.

The Curriculum is designed and developed by Harvard, NYU Stern, and IIM Calcutta alumni. The curriculum ensures hands-on learning through in-session activities, Homework Projects, Simulations, and games. The curriculum is highly age-appropriate, engaging, and focuses on tangible learning outcomes for the students.

Education 10x

World's 1st Gamified Financial Literacy Program for Students by IIM Calcutta, Harvard & NYU Stern Alumni

Sunday, 24th July 2022 | 11AM

If you have any concerns or queries you can reach out to us at [email protected].

Our team will reach out to you within 24 hours.

We'd love to hear from you.

You can reach out to us at [email protected]. Our team will reach out to you within 24 hours.

@2022 by Education10x

Education10x competitors and alternatives

Provides one-on-one live classes on financial literacy for school students

• Request page removal

Competitive Landscape of Education10x

Top 3 competitors of education10x , ranked by tracxn score:.

Online platform offering financial education

Online platform offering financial education. It provides lessons on financial literacy, money management, financial assets, and more.

2. Wessential

Online platform offering customized curriculum and one-on-one learning format

Online platform offering customized curriculum and one-on-one learning format. It offers a financial literacy program for kids 13 years and above.

3. Skilledwise

Provider of online learning solutions focusing on financial literacy for kids

Provider of online learning solutions focusing on financial literacy for kids. It provides one-to-one classes that help students to learn budgeting, personal finance, investing techniques, and more.

Frequently asked questions about Education10x 's competitors

Where does education10x rank among its competitors, how many competitors does education10x have, who are the newest competitors of education10x , claim your profile, looking to raise funds, find investors for your next round, explore our recently published companies.

• Petsis - Usak based, 2023 founded, Unfunded company
• The Grok App - New York City based, 2023 founded, Unfunded company
• ezCoSec - Singapore based, 2023 founded, Unfunded company
• Purple Technologies - Islamabad based, 2024 founded, Unfunded company
• Smart Pineapple - Wilmington based, 2022 founded, Unfunded company
• Nulinz - Salem based, 2018 founded, Unfunded company

education10x.in Reviews

What is your feeling about education10x.in , why does education10x.in have a very low trust score, consumer reviews about education10x.in, very negative reviews.

Advertorials

Full review education10x.in, company rating, webshop analysis, technical analysis, facts about education10x.in, popular stories, how to recognize a scam website, how do i get money back from a scammer, website alerts, help & info, scam trends, subscribe to our weekly newsletter.

Power your child with important life-skills

Including course material from

In collaboration with

& I study in 3rd grade

Mario Party Scratch

& I study in 6th grade

Galactic Crystal Rush Adventure

& I study in 5th grade

Minion Mayhem: Platform Panic

Rovers for Kids

Building Rovers/Hovercrafts

Robotics and Electronics Skills

Skills for Robotics and Electronics