Money Games for Kids

by | Aug 31, 2012

Every holiday season—birthday, Christmas, etc.—many parents are faced with the question of what to buy their children for a gift. And experience shows us that kids sometimes use the box something came in more often than the actual gift it came in.

If you’re going to be buying your children presents anyway, why not buy them the gift of freedom…financial freedom, that is! Besides giving your child the all-important games are fabulous as teaching tools. We all learn quicker and easier when the learning comes with laughter, competition and emotion. Games serve all these purposes and more.

Here’s six financial games that will teach your young ones a thing or two about money.

1. Monopoly

Monopoly is a great money game for kids learning how to count money and make decisions. Play the classic Monopoly with paper money or the new Monopoly with Electronic Banking. There learn to buy and sell properties, build houses and collect rent. Robert Kiyosaki says this is how he learned the ‘game of real estate’. No wonder he’s so good at it! Four green houses, one red hotel is the rule he learned from this game and most of us know the story from there!

2. Cash Flow for Kids

Cash Flow for Kids is a simple, yet effective game that teaches kids the idea that financial freedom comes from developing passive income streams by investing in assets. It’s the game that spurred our Creative Wealth Money Game that we play in all of our unique financial intelligence programs. You can’t go investing in this game for your kids.

3. Game of Life

This game may help your children make decisions about their careers and other life events. The decisions they make affect the income they receive and how they spend their money.

4. Payday

Even though all of our programs promote starting businesses to become financially free, most kids will at one point in their lives have a job or six! This game kids learn to have that job, lend money, pay bills and interest, and deal with unexpected expenses.

5. Moneywise Kids

Two different games are included in Moneywise Kids, one for making change and the other for budgeting money. Players must account for food, clothing and housing in the play option focused on money management.

6. Money Bags

One of the first things we realized we needed to teach kids in our Camp Millionaire programs was how to count back change. We didn’t think this one up actually. The parents requested it. Ask and you shall receive. And believe it or not, it’s often one of the most challenging activities for our campers.

Kids learn how to count change by earning money for various activities in Money Bags. In addition, kids are limited to using certain coins, forcing them to keep finding new ways to count the coins.

7. Easy Money

Easy Money is over 70 years old! You buy and sell houses and build properties to earn as much money as you can.

Again, if you’re spending money anyway, make it an investment in your child’s future! You and your child will be glad you did.

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