Let the games begin: Discover Investory, the Romanian app that makes financial education fun for kids

Learning about money can be boring but being smart with money is an important life skill. Unfortunately, not many of today's adults have been equipped with the knowledge to manage their finances effectively, and this is also a fact in Romania.Two local entrepreneurs created Investory, an app that aims to help change things for the better by making financial education fun for kids through games. We've talked to co-founder Monica Tarmure to discover how Investory works and why financial education is important at a young age.

Financial education has a significant impact on everyday life. Living expenses, savings, bills, cash or card - we all have to face these economic realities and act on them. But not many have the necessary skills to make the best decisions, with countries around the world facing low levels of financial literacy. And things are pretty bad in Romania too. According to data compiled by the Romanian Banks' Association (ARB), for example, the country is last in the European Union and among the last in the world in terms of financial literacy. One of the main causes is that kids have been receiving little or no financial education, and this is really bad news as studies have shown that money habits and concepts are set at young ages (up to 7 years old).