--- title: Teach Financial Literacy with Training Games description: By gamifying the learning experience, learners are motivated to engage with the material and, according to our study, repeated the games on average 2.9 times. image: https://blog.elblearning.com/hubfs/Teach%20Financial%20Literacy%20with%20Training%20Games_Blog%20Featured%20Image%20800x500.png --- [![ELB-Learning_Logo_ColorRGB-white-text-1](https://blog.elblearning.com/hubfs/ELB-Learning_Logo_ColorRGB-white-text-1.png) ](https://elblearning.com/) ![](https://blog.elblearning.com/hubfs/Teach%20Financial%20Literacy%20with%20Training%20Games_Blog%20Featured%20Image%20800x500.png) # Teach Financial Literacy with Training Games by [ELB Guest Author](https://blog.elblearning.com/author/elb-guest-author) | Apr 1, 2024   April is financial literacy month, and we’re celebrating at ELB Learning with, you guessed it, a game! Our friends at Sony have provided us with a special [Jeopardy!®](https://products.elblearning.com/create-learning/the-training-arcade-games/jeopardy) game on financial literacy composed of clues from previously aired TV shows.    ### **April is Financial Literacy Month** In 2004, the United States Senate passed a resolution to make April financial literacy month by a [unanimous vote](https://www.congress.gov/bill/108th-congress/senate-resolution/316). A congressional report outlined a series of outreach and education goals to help Americans better understand how factors such as credit management, savings, and home ownership can impact their financial standing.  Since then, governments, non-profits, and training organizations—like ELB Learning—have embraced April as a time to educate Americans on how to best manage their finances.   ### **Learning with Games and Gamification** It’s no secret that games and gamification have the power to [educate and motivate](https://products.elblearning.com/create-learning/the-training-arcade).  By gamifying the learning experience, learners are motivated to engage with the material and, according to our study, repeated the games on average 2.9 times. As we all know, [repeat engagement with the material](https://bloomfire.com/blog/knowledge-retention-tactics/#:~:text=What%20is%20Knowledge%20Retention%3F,term%20to%20long%2Dterm%20memory.) is our best tool for beating the “forgetting curve.”  Whether your training material is on financial literacy, sales enablement, an onboarding process, or how to make a decent chili, incorporating those materials into a game like [Jeopardy!®](https://products.elblearning.com/create-learning/the-training-arcade-games/jeopardy) increases engagement and retention of the material.   ### **Using Games to Teach Financial Literacy** Using games in training and education can make certain topics more approachable. Only [50% of Americans](https://www.weforum.org/stories/2024/04/financial-literacy-money-education/#:~:text=In%20the%20US%2C%20financial%20literacy,the%20EU%20also%20under%2Dperforming.) are financially literate, and even more say they don’t ever speak to their children about finances. With a reluctance to even approach the subject, games can help make this topic more accessible for everyone involved.  Games provide a [safe space to fail](https://medium.com/serious-scrum/how-to-create-a-safe-to-fail-environment-dab3b8c77ef4) while also being engaging and fun. Especially when it comes to finances, learning through real-world experiences is something that most people can’t afford, both metaphorically and literally!  Using a game allows students to experience real-world situations without real-world consequences. This can be particularly useful when teaching financial literacy.    ### **Examples of Gamification in Financial Training** As the lead instructional designer at Barclaycard, Walter Gill is responsible for 17,000 domestic and international phone agents. “It’s challenging to try to make the material exciting and engaging,” he said. After some searching, he discovered games and gamification as a solution. He was able to harness the power of games to educate and motivate by leveraging ELB Learning’s DIY game-authoring tool, [The Training Arcade®](https://thetrainingarcade.com/). Gill knows this new training is a hit, as 85% of agents who play the game and pass on the first try play the game again (and again). “That was something I did not think was going to happen,” he said. They did this not only because it’s fun, but because they are competitive and want to get on that leaderboard. A spot on the leaderboard gives the international crew bragging rights, while the game itself is engaging and challenging.  Check out the [full case study](https://www.elblearning.com/case-studies/barclaycard-drives-learning-and-fun-with-training-games?utm_campaign=2024%20%7C%20Training%20Arcade%20%7C%20All%20Resources%20on%20ELB%20Website%20%26%20Emails%20%7C&utm_source=Case%20Study&utm_medium=Case%20Study&utm_content=Barclaycard%20Drives%20Learning%20and%20Fun%20With%20Training%20Games) to learn how Barclaycard capitalized on its new gamified training program.    ### **Use Games in Your Financial Training Today** [See for yourself](https://products.elblearning.com/create-learning/the-training-arcade-games/jeopardy) how games can educate and motivate. Good luck getting to the top of the leaderboard! By incorporating the mechanics and goals above, you will be well on your way to empowering your learners with gamification. Whether you want to [gamify your classroom](https://blog.elblearning.com/how-gamified-learning-increases-engagement-in-higher-education), [educate your sales team](https://blog.elblearning.com/designing-games-for-upskilling-and-enhanced-learning-retention), or [improve a virtual meeting](https://blog.elblearning.com/10-ways-make-virtual-meeting-more-grand-slam-less-slow-jam), games will boost engagement, effectiveness, and your learners will have fun. Check out our do-it-yourself gamification platform, [The Training Arcade®](https://products.elblearning.com/create-learning/the-training-arcade). Click [here](https://products.elblearning.com/create-learning/the-training-arcade) to schedule a demo and start your free trial today. [![FREE TRIAL](https://no-cache.hubspot.com/cta/default/5108583/interactive-160309043336.png) ](https://blog.elblearning.com/hs/cta/wi/redirect?encryptedPayload=AVxigLLSpI9nf%2BzwM7h1CWfpYOoebtv%2Fthhl88ID%2F%2Bn%2BTGfbGS%2Fj9%2Fwtpe8iVMxY1FnBTS4oYwjtlx3l7hBP%2B91mufZnRuFUg8K06xXPjmiUCOJUc6pIRD69oreAYQr4FepjtRA2nsv35QOYaAafGWwOZPJ2TuEEGR1Nt3oVkk4fd5ISauVBO2ZAkBPOUI6O%2Fp8vckSDfiXwNUNSxg%3D%3D&webInteractiveContentId=160309043336&portalId=5108583)     [The Training Arcade-](https://blog.elblearning.com/tag/the-training-arcade) ### Related Posts [![LAB NOTES: Building a Gamified Learning Experience with Arcades](https://blog.elblearning.com/hs-fs/hubfs/Recap%202-17-26%20LAB%20NOTES-Building%20a%20Gamified%20Learning%20Experience%20with%20Arcades_Blog%20Featured%20Image%20800x500.png?width=388&name=Recap%202-17-26%20LAB%20NOTES-Building%20a%20Gamified%20Learning%20Experience%20with%20Arcades_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/lab-notes-building-a-gamified-learning-experience-with-arcades) [LAB NOTES: Building a Gamified Learning Experience with Arcades](https://blog.elblearning.com/lab-notes-building-a-gamified-learning-experience-with-arcades) [![Introducing Category Quest: ELB Learning’s Latest Game](https://blog.elblearning.com/hs-fs/hubfs/4-24-25-Introducing%20Category%20Quest_Blog%20Featured%20Image%20800x500.png?width=388&name=4-24-25-Introducing%20Category%20Quest_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/introducing-category-quest-elb-learnings-latest-game) [Introducing Category Quest: ELB Learning’s Latest Game](https://blog.elblearning.com/introducing-category-quest-elb-learnings-latest-game) [![Leveling-Up Learning: 7 Game Mechanics That Build Real-World Skills](https://blog.elblearning.com/hs-fs/hubfs/7GameTypes_eBookSocialArt_Blog%20Featured%20Image%20800x500.png?width=388&name=7GameTypes_eBookSocialArt_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/leveling-up-learning-7-game-mechanics-that-build-real-world-skills) [Leveling-Up Learning: 7 Game Mechanics That Build Real-World Skills](https://blog.elblearning.com/leveling-up-learning-7-game-mechanics-that-build-real-world-skills) [![Fun and Effective: eLearning Lessons from Video Games](https://blog.elblearning.com/hs-fs/hubfs/4-17-25%20FunandEffective_Blog%20Featured%20Image%20800x500.png?width=388&name=4-17-25%20FunandEffective_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/fun-and-effective-elearning-lessons-from-video-games) [Fun and Effective: eLearning Lessons from Video Games](https://blog.elblearning.com/fun-and-effective-elearning-lessons-from-video-games) [![The Evolving Call Center](https://blog.elblearning.com/hs-fs/hubfs/The%20Evolving%20Call%20Center_Blog%20Featured%20Image%20800x500.png?width=388&name=The%20Evolving%20Call%20Center_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/the-evolving-call-center) [The Evolving Call Center](https://blog.elblearning.com/the-evolving-call-center) [![How to Write Distractors in Your Training Games That Support Learning](https://blog.elblearning.com/hs-fs/hubfs/How%20to%20Write%20Distractors%20in%20Your%20Training%20Games%20That%20Support%20Learning_Blog%20Featured%20Image%20800x500.png?width=388&name=How%20to%20Write%20Distractors%20in%20Your%20Training%20Games%20That%20Support%20Learning_Blog%20Featured%20Image%20800x500.png) ](https://blog.elblearning.com/how-to-write-distractors-in-your-training-games-that-support-learning) [How to Write Distractors in Your Training Games That Support Learning](https://blog.elblearning.com/how-to-write-distractors-in-your-training-games-that-support-learning) - 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