Most kids learn a lot from parents or loved ones as they grow up, including managing their money.
There’s a reason why many children from well-off families become financially comfortable themselves.
If you want your child to start learning the value of a dollar at a young age, teaching them about money in a way they understand is an absolute must.
Thankfully, plenty of fun board games could teach kids how to manage money. Not only will they be spending quality time with their loved ones, but they’ll also be learning valuable life skills they can use as adults.
Let’s roll the dice and explore five child-friendly board games that make financial literacy a blast!
Why Is Teaching Kids About Finance Important?
It’s never too early to start learning about money.
The earlier a child can grasp the basics, the easier it’ll be for them to become financially responsible adults. They’ll be more comfortable meeting financial goals, long-term saving, and managing a budget.
Whether it’s through playing games or seeing you manage your monthly bills, these life lessons will stick and shape their future habits.
5 Fun Games To Help Kids Learn About Money
Ready to teach your kid finance for your next family game night? Here’s our top pick of board games that are sure to get your child excited:
Monopoly is basically a crash course in property management and investment. This classic real-estate board game lets you buy, trade, and develop properties, all while trying to make others go bankrupt. It’s an intense ride of economic highs and lows, and kids have the chance to learn that their financial decisions have consequences.
As a quick example, my family and I used to play this game all the time when I was younger—I learned pretty quickly using up all your cash and overbuying was not the brightest idea!
As they navigate college, a career, and family life, The Game Of Life teaches kids about real-life choices they’ll need to make when they’re older.
Whether they want to buy a fancy home or invest in their retirement, they must set priorities and understand the long-term effects of financial planning. Overall, this game is a great way to teach them that each choice has immediate and lasting impacts on their financial futures.
Allowance teaches kids how to manage cash by giving them different relatable scenarios.
Depending on which square they land on, they’ll have a choice to spend or deposit their allowance into a savings account. It also teaches them basic entrepreneurship skills by letting them buy a lemonade stand for passive income.
Regardless of how they play it, this simple game is an excellent introduction to managing a budget and learning how to spend it wisely.
4. Buy It Right
This game lets you be a part of your very own mini-marketplace! Players set prices, buy products, and can even run their own stores.
As the game progresses, kids will be able to learn the value of a dollar and the basics of supply and demand. Plus, having to calculate transactions will definitely help them with their math skills!
Who doesn’t love getting their paycheck?
Payday gives kids a chance to experience the joy of a payday but with a twist. They have to deal with bills, loans, and all the other fun stuff most adults are forced to worry about once the money hits their bank account!
This game is an excellent introduction to the real world, where earnings are about spending on what you want and managing life’s financial obligations. They’ll also learn the importance of budgeting and planning for those unavoidable expenses.
The Bottom Line
Teaching kids about money can be a fun experience for them.
With these five engaging board games, your child will slowly understand the value of money and the basics of financial management.
So next time you’re looking for a family activity, consider one of these board games. Your kids will have a blast and life skills that will set them up for financial success!
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