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Bank Hapoalim to open free financial education complex for children at Tel Aviv Port

From Jerusalem Post · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Bank Hapoalim will launch a temporary financial education complex for children called "Poalim Junior City" at Tel Aviv Port from August 18-27.
  • The free complex aims to teach children aged 5-13 about earning, spending, budgeting, and consumer choices through simulated economic activities.
  • The initiative expands on the bank's "Poalim Junior" service, which allows children to manage money with parental oversight.

Bank Hapoalim is set to open "Poalim Junior City," a temporary financial education complex for children at Tel Aviv Port. The initiative, running from August 18 to August 27, offers families a series of free activities designed to teach children aged 5-13 about fundamental financial concepts like earning, spending, and budgeting.

The "Poalim Junior City" complex will simulate a miniature economy where children can engage in age-adjusted tasks at various "workplaces." After completing activities such as sorting merchandise or baking challah, they will receive a prepaid card with their "earnings." This simulated salary can then be spent in a mock supermarket, where interactive exercises encourage smarter purchasing decisions and budgeting.

An important part of launching the โ€˜Poalim Juniorโ€™ product was our desire to establish the best financial education system in Israel for children.

โ€” Yigal BarkatBank Hapoalim chief marketing officer explaining the motivation behind the initiative.

Activities include a shopping-list memory game, a consumer trivia challenge, and a budgeting exercise. The experience culminates in a show about financial behavior. This pop-up event aims to make learning about money fun and accessible, building on Bank Hapoalim's "Poalim Junior" service, which allows children to start managing money under parental supervision.

We are now significantly expanding our activity in the field and announcing the Poalim Junior City complex at Tel Aviv Port, which will offer children ages 5-13 and their families a free, fun activity full of attractions dealing with smart consumerism and financial education.

โ€” Yigal BarkatBank Hapoalim chief marketing officer highlighting the scope and purpose of the Tel Aviv Port complex.
DistantNews Editorial

Originally published by Jerusalem Post. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.