When you need to teach your kids something new, games can be a great way to go. They let your children have fun, turning a learning activity into something enjoyable.
There are a lot of fun money games for kids out there, making it easy to find age-appropriate options. If you’re ready to introduce your children to some fun money games, here are a few to try.
Payday
While the original version of Payday hit shelves in 1975, the principles are still relevant today. This fun money game for kids teaches the fundamentals of budgeting, loans, and savings. It can also help promote an entrepreneurial spirit.
The original version also covers topics like insurance, but the newest release is also helpful. A full game can be played in as little as 15 minutes, making it easy to squeeze into a busy schedule, too.
Act Your Wage!
A creation of Dave Ramsey, the popular personal finance guru, Act Your Wage introduces a lot of his primary principles. Players work to create an emergency fund, budget their money, and pay off debt. The first player to become debt-free wins.
There is a lot of decision-making in the game, including choices for buying and selling, so this game can take some time. But, it provides a lot of valuable life lessons and is also a lot of fun.
Cash Flow for Kids
Robert Kiyosaki, the mind behind Rich Dad, Poor Dad, is the developer of Cash Flow for Kids. This fun money game for children teaches them about assets and liabilities, as well as basic accounting and investing.
There is additional focus on passive incoming as well as charitable giving, making it very comprehensive. There’s also an adult version (Cash Flow), so, as your kids get older, you can transition to it.
Daytrader
If you want to introduce your kids to the stock market, Daytrader is a great option. It’s fairly fast-paced and teaches children how the stock market works. The market fluctuates, just like in real-life, so it demonstrates the unpredictable nature of investing. But, it also shows that, by making smart choices, you can invest to get ahead.
Players can hold different jobs and buy and sell stocks to increase the amount of money in their savings. The first person who has enough cash available to retire wins.
Why You Should Start Using Fun Money Games for Kids Now
In the end, it’s never too early to start instilling good money habits in your children. Often, financial education falls squarely in the hands of parents, and the games above make it easy to pass on valuable lessons while they’re young.
Plus, they’re fun for the whole family and a great way to spend time together!
Do you have a favorite money game you play with your kids? Tell us about it in the comments below!
Looking for more great articles from Newlyweds on a Budget? Here are a few to check out:
- Investing for Your Kids: Strategies for New Parents
- Age Appropriate Money Lessons for Your Kids
- Destined to be Broke with Kids?
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