A fun, new online tool teaches financial life lessons to kids.

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MONEYISLAND IS A FINANCIAL LITERACY PRODUCT from BancVue, Austin, Texas, that engages children to become "financial gurus" through adventurous quests to the Eiffel Tower, Atlantis and other exotic destinations. It is geared toward children ages 8 to 14.

The built-in curriculum, developed by an award-winning educator, teaches kids in three key financial categories: Saving & Spending, Earning & Investing and Using Credit Wisely.

MoneyIsland is a virtual experience, but the kids earn real-life rewards too, such as a savings deposit, a gift card or a classroom pizza party. It also gives parents and teachers tools to track their kids' progress and assist in the learning experience.

BancVue developed MoneyIsland in response to reports that financial literacy in the United States is at an all-time low.

"The trick is to teach kids something valuable with fun and engaging activities, so they...