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Money Games for Kids

April 11, 2012

Teaching kids the basic concepts of money and maintaining an awareness of finances can never start too early. Good habits can begin at a young age and help provide a head start towards a brighter future. Financial education can be taught in fun, easy ways that capture in the interest of kids. Kids love games; so finding a way to combine the two helps create awareness of important money information.

One way to approach your kids about money education is classic board games. Board games become favorite childhood memories and many of our favorites are unforgettable throughout of lives. There are several fun money games out there that allow kids to learn basic financial concepts without them even realizing it. The most famous board game of all time is Monopoly (ages 8+). The aim of the game is to have individual control over as many sectors as possible. Players try to obtain the sectors of greater value in order to earn the most money. Monopoly teaches kids the properties of buying, selling and trading, and managing their money. This game invented in the 1900’s comes in several versions. You can never go wrong with a classic that brings awareness of financial concepts.

Another money board game that has been around for years is Pay Day (ages 8+). The goal of Pay Day is to have the most cash at the end of the game or the amount of months in order to win, but players have to face bills and payments at the end of each month. Players are able to receive loans throughout the game, but they have to be cautious and make sure they stay out of debt! Pay Day teaches kids the concepts of budgeting and the dangers of borrowing money, important financial teachings for the future.

My personal favorite money board game is The Game of Life (ages 9+). The player with the most money at the end wins, but players must face numerous life decisions and events –spontaneous or expected- along the way. Life exposes kids to the importance of career choices and education. It also teaches kids that decisions one chooses early in life can have a major impact on the distant future.

Board games are a great fun way of learning financial life concepts, but online games also provide a fun, free option to grasp the attention of kids about money. A fast paced online game with great graphics developed by VISA incorporating the NFL is Financial Football (ages 11-18+).  Players get to select their teams and answer financial questions correctly in order to advance on the field. Questions allow the player’s team to move down the field and score touchdowns! (http://www.practicalmoneyskills.com/games/trainingcamp/ff/)

A great game for much younger kids is Ed’s Bank (ages 6-9). In Ed’s Bank players drop money in the piggy banks as fast as they can, trying to select the ones with the most value in order to collect the most money to buy prizes. This teaches kids the value of coins, saving, and spending.  (http://www.practicalmoneyskills.com/games/ed_bank/index.html)

The Great Piggy Bank Adventure is an online virtual board game created by Disney where kids choose their character and work toward their goal (ages 8-14). In order to reach their goal, players have to save up money to purchase items. Along the way, players answer questions and play games in order to advance on the board. The game teaches kids basic money concepts and choosing wisely where their money goes. (http://piggybank.disney.go.com/media/ap/piggybank/index.html)

By exposing kids to new, different way of learning about money, they will obtain more information and become more aware of the importance of money concepts. Games are fun, easy ways to capture kids attention. Board and online games make learning more fun and memorable.

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One Comment leave one →
  1. Yvonne f permalink
    April 11, 2012 9:16 pm

    I enjoy the classic games with my children when they were young however they continue to play as teens.

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