Why are money games for kids important? Well, the fact is that too many people do not learn about money and how to handle their finances while they are kids, and some of them even find themselves reaching adulthood without knowing the basic tips and secrets about money. The use of money games for kids is one of the best ways to entertain the family, as well as to teach kids the fundamental tricks regarding money and domestic finances.
I do not want to talk about Monopoly here, everybody already knows this classic. However, the following are 11 great video, online, or board games, which incorporate basic financial topics and help children develop financial skills while having fun;
11 Exciting Money Games For Kids
1. Wuzzit Trouble (8 years and up) -is a free video game (and app) for everyone to play. While helping the cute little Wuzzit characters to break free, it helps children to develop mathematical reasoning skills. For kids to learn mathematics, it is better to combine it with action, just the same as explaining how to ride a bike will not help them learn to ride it- they have to actually get on the bike and try to ride.
2. Awesome Island (10 years and up) – This is an award winning online simulation game which introduces kids to all aspects of investments and finances, including credit, debt, salary, investments, and philanthropy. It will expose your kids to all aspects of money, long term goals setting and understanding of the consequences of poor financial decisions.
3. Warren Buffets Secret Millionaires Club – teaches the fundamentals of good financial decision-making and some of the basics for starting a new business. It is an animated series of 26 short online episodes that also provides some online games like:
- Number Blaster – where kids can test their addition skills and reflexes.
- Counting Money – a fun math skills money game.
- What do YOU know about Business? – a business basics quiz.
- Business-Building Brainstorm – to start and grow a business.
4. The Game Of Life (10 years and up) -This board game puts emphasis on smart decision-making, precisely on the financial matters that parents need to teach their kids. This game will also teach your kids how to earn bonuses, thus helping them be independent in life as early as possible.
5. Payday (8 years and up) – This is one of my favorite money games for kids. This game is usually set in a monthly calendar that enables your kid to monitor his or her monthly payments. It also has financial pitfalls like bad investments and extra bills. At the same time, it offers bonuses like winning the lottery and many other investment opportunities. The game will allow you to play as many times as you can. The player with more money wins that particular game.
6. Careers Game (8 years and up) -This is amongst the educational money games for kids that improve the development of your kid’s memories. Depending on any careers your kid chooses, he or she can own personal his or her success formula such as Fame, Happiness, or Fortune and this will make him of her achieve financial goals within the shortest time possible.
7. Thrive Time For Teens – A great monetary board game for kids! Kids have to invest in businesses and take part-time jobs while making decisions about paying for college, buying cars, etc. This money game will give children the skills they will need to make sound financial lessons as they play.
8. Wise Money (13 years and up) – This is a family board game on finances. This money game will allow your kids to learn about budgeting, payday, banking, credits, investing and financial responsibility. The game enables your kids to face realistic scenarios, and make them use their basic financial knowledge and skills to move successfully through the town. It is a great option to have fun and learn playing money games for kids.
9. The Farming Game (10 years and up) – Here your kids will sell livestock and plant crops while trying to turn their farm outputs into the successful business of their choice. The game focuses mainly on farming play techniques, but it will also teach your kids financial skills. The farming game offers fun with broad educational benefits.
10. The Allowance Game (5 years and up) – This money game for children allows your kids to move around the board while doing chores to get their allowance. In addition, it provides them with the option of spending it or saving it. Kids learn to add, subtract, figure out amounts and see how money is used in real life.
11. Sum Swamp Game (4 years and up) –Math becomes an adventure; a nice change from the usual math enrichment books. It is a great learning game for pre-schoolers and kindergarten children who are already working on addition, subtraction, even, and, odd.
It is never too early for children to learn how to handle money; teaching kids money skills should be like teaching them sports. Kids learn from their mistakes, and they improve with practice, and these money games let them practice financial skills.
The above money games for kids teach crucial skills that will help them make smart financial decisions and succeed in life.