Teaching Kids About Money
Money Games for Kids
Teaching kids about money can be a difficult task for parents. What to tell them? How old do they have to be before they can understand about spending and saving? How do you teach them that the ATM machine doesn't "give us money"?
Must-Have Items for Everyone- on Sale Now! Shop the Gameshark Store now - 15% off stocking stuffers and FREE product with purchases!There are several aspects to the teaching about money:
- Recognizing the value of coins and paper money and how to count it.
- Teaching money management.
- Why you should save money.
- How to prioritize spending of money.
- Where it comes from (not the ATM) or how to earn it.
Games that teach about money:
Most of us have played Monopoly some time in our life. It's a great game for kids to learn how to count money. Making decisions about buying property and collecting rent will teach them the values of the different money denominations. Play the classic board game or the new Monopoly with electronic banking.
This 1960 classic is still full of family fun. Making decisions about careers and other life happenings that affect income and how you spend money gives parents a great money management teaching tool.
This game is an awesome way to teach kids all about household finances and have fun doing it.
As you move through the calendar on the game board, something happens every day — just like real life.
Because these are real life events, like buying groceries, fixing the car, starting a business, paying bills, this game is excellent for teaching money management, and how to prioritize your spending money.
Kids will get a grasp on the fact that money comes on pay day at the end of the month so budgeting throughout the month is necessary. At game's end, they learn that they must pay off all their bills and loans. After counting the money each player has left, the player with the most money wins!
Moneywise Kids is actually two different games — one is for making change and will teach kids how to count money.
The other is for budgeting money. This will teach kids that they must budget for food, clothing, and housing. The focus is on money management — a great time to teach budgeting and why you should save money.
Earn It, Learn It is like no other book about money and allowances that you have ever read! The object is to teach kids what it's like to have careers and get paid for the work one might earn in each career instead of paying an allowance for regular helping around the house, like making their beds and picking up their toys.
This is a teaching tool you MUST try!
