Develop Financial Literacy and Metacognition via Gaming

Abstract

Financial literacy is very important as it has a material impact on a family’s budget. It helps in understanding the value of money and various decisions related to money. Studies have found financial literacy to be very low which might lead to incorrect decisions. Financial literacy and metacognition are related as metacognition help in the development of critical thinking, and decision making which is important aspects. The following paper will discuss how financial literacy and metacognition are related as well as the correct age and method to start financial literacy.