E.F.F.E. - Everyday Finance For Everyone-Personalized Financial Education

Example

Upon joining, a user takes a short quiz assessing their financial literacy. Based on the results, E.F.F.E. customizes learning materials, starting with foundational topics for a novice or more advanced subjects for someone with prior knowledge. As the user progresses, the system periodically reassesses to update the learning path accordingly.

Scenario

A recent graduate looking to manage student loans and start saving is guided through budgeting basics, debt repayment strategies, and the importance of an emergency fund, with content evolving as their financial literacy improves.

Example

E.F.F.E. breaks down current financial news into digestible summaries, explaining implications and related financial concepts. Users can explore hypothetical scenarios to see how different financial decisions might play out in real life.

Scenario

When a major market event occurs, such as a stock market crash, E.F.F.E. offers insights into its causes and effects, alongside scenarios that help users understand how such events can impact their personal investments and savings strategies.

Example

Users can connect with a community of learners to share experiences, tips, and support. E.F.F.E. tracks progress through quizzes and milestones, celebrating achievements and encouraging further exploration of financial topics.

Scenario

A user who has just reached a milestone in their savings goal shares their success story on the community forum, receiving feedback and encouragement from peers, while E.F.F.E. suggests new learning paths to consider, like investing for retirement.