Create a Financial Literacy Product for Children: Users, Features and Success Metrics

Design a product that teaches children about money and personal finance. Walk through who it is for, which needs it should meet, what you would build first, and how you would judge whether it works. ```hint Two users, one product Children use the product, but parents usually approve it, pay for it and control any money involved. Also consider what a child can actually practice in the product, not only what they can read or watch. ``` ### Clarifying Questions - Which ages are we designing for: young children learning what money is, preteens handling pocket money, or teenagers ready for a bank account and a first income? - Which country or market, given that payment habits, banking rules for minors and school curricula differ? - Is the business goal a paid learning product, a free product that builds a financial brand's trust with families, or something else? - Should the product hold and move real money, such as a parent-funded wallet or card, or teach only through lessons, tracking and simulation? ### What a Strong Answer Covers - A chosen age band, with the reasons its needs differ from those of younger children and of teenagers. - Children and parents treated as separate users, with specific pain points for each. - Features that let children practice real money decisions safely, prioritized into a first version. - Metrics for learning and changed habits, not just views or time spent. - Risks particular to a children's product: consent, privacy, screen time, and whether real money is involved. ### Follow-up Questions - How would you show that the product actually improves children's money habits rather than only entertaining them? - A parent asks for a real debit card for their 12-year-old inside the product. What must be decided before you build it? - How would you adapt the design for a child who has no phone and uses a parent's?