What games teach your kids about money?

Do you want to teach your kids about money? How about spending more quality time with them too? Well if you’d like to do either one there is a perfect frugal solution to both. A family game night with a twist, play one of these money games.

Game nights with family and friends are fantastic. Board games can teach kids a wide range of life skills including, interpersonal communication, problem-solving, and friendly competition. Plus, kids love playing games, especially when they have the opportunity to beat their parents.

Now image your game nights could help teach your children financial literacy skills as well? The key is to have fun and not let the kids realize they are being taught a valuable skill in the process. Introducing a couple of my favourite money games that will do just that!

1. PAYDAY
   The classic game of Payday makes family finance fun as it reminds everyone just where the money goes. This is a game of making and spending money! You’ll make money every month, but you might spend it just as fast.

Ages: 7+
Number of Players: 2+
What Payday Teaches About Personal Finance: Careers, lending money, paying bills, paying interest, and dealing with unexpected expenses.

2. MONOPOLY
The classic, fast-dealing property trading game. Put your token on the Go space and roll the dice to own it all in the fast-paced world of real estate. Make a move, make a deal and make a fortune to win it all. There can be only one winner in the Monopoly game.

Ages: 8+
Number of Players: 2+
What Monopoly Teaches About Personal Finance: Money management, decision making, investments, and long-term payoffs.

3. THE GAME OF LIFE
Do you have what it takes to win The Game of Life game? You do it by choosing the life you want! Go to college, take the family path, have kids, or see what happens when unexpected twists change the game. Will you receive a fortune and lose it as quickly as you got it? Will you need a bank loan to pay a debt? Once everyone reaches the end of the game at retirement, everyone pays their debts and adds up their wealth. The player with the most money wins the game, so make sure it’s you! It’s all your choice when you play The Game of Life!

Ages: 8+
Number of Players: 2+
What The Game of Life Teaches About Personal Finance: Decision making about your career, college, marriage, children, and insurance.

These are not the only money games available, but my favorites. Good luck with your family game night! Hopefully, your kids won’t beat you too bad and will learn some money management skills in the process. Good luck!

Check out my related post: Should we all go back to thinking like children?

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Interesting reads:

https://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-lessons-to-teach-your-kids/#5cd1d1ae6826

https://selfsufficientkids.com/best-money-games-for-kids/

https://www.thebalance.com/money-games-for-kids-2085686

https://www.wisebread.com/6-fun-games-that-teach-your-kids-about-money

https://www.debtdiscipline.com/money-games-teach-yours-kids-about-money/

https://www.parents.com/kids/responsibility/money-management/4-fun-activities-to-teach-kids-about-money/