We all know that when it comes to explaining money and finances it can get a little boring. But it's an important topic we must start teaching our children from a young age. Here are five games that will help young children learn the basics of money management.
Monopoly
This classic game comes in many versions and even in Spanish! By playing it kids can learn the basics of money management, saving money for emergencies and a basic view of investing in real estate.
Buy It Right Shopping Game
Created by Learning Resources, this game will help kids 6 years old and older to with the importance of coin and bill recognition and the exchange of money for goods.
Loose Change
This card game is suited to teach kids to count coins. The goal of each round is to get to one dollar with the cards. The player with the most dollars wins. This educational game is suited for children all ages.
Looking for high-tech options? Here are two apps that teach how to be a smart shopper and help others via charitable giving.
Green$treets: Unleash the Loot! Free for iOS
Kids "rescue" endangered animals in this game. While doing so, they can earn money by doing different tasks like planting a garden or taking care of the rescued animals until they are ready to go home. This game will teach children to set goals, how to budget, and the importance of donating to charity.
Renegade Buggies, Free for iOS and Android
This game is all about teaching children the power of being a smart consumer. They can learn how coupons are an excellent saving tool, the best way to compare unit sizes and prices, how to buy in bulk, and other strategies to bring the cost of the products purchased down.
Yoly Mason, a blogger living in Orlando, Florida, wants to live in a world where Latinas can enjoy an abundant life with a small budget, and being in debt is as out of style as the rotary phone.
- Image via iStock*
