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It’s for this reason why we’ve generally gone for bright, colorful, and relatively simple games that aim to make learning about finances as fun as it can be, even for kids who don’t tend to engage as well with more traditional learning methods. If you’ve ever sat down with your kids to try and teach them all about the value of money, you’ll know what a frustrating experience it can be as they immediately switch off and beg to do something more fun. This is where the best money board games for kids can really prove invaluable. If you like the idea of a game based around the good old-fashioned concept of the allowance but found the Manage My Allowance game we looked at earlier just doesn’t do it for you, then may be this one will.
A basic card matching game, this one has won multiple awards for the way it so perfectly combines educational value with a very simple playing style. Includes elements of gambling (such as playing the lottery) which may be off-putting for some parents. 7. Exact Change If it’s simply about one thing such as counting coins for example, then a game like Money Bags which focuses on that particular aspect will be perfect. If you want them to learn everything there is to learn about money management, then a great all-round game like Manage My Allowance may do better. Age Appropriateness Managing My Allowance from Learning Advantage is a simple, family-friendly game for 2-4 players aged 8 and up, though there’s no reason why some younger children can’t enjoy it providing they play with mom or dad. For many kids, their first experience of managing their own money comes when they get their allowance, so what better way to teach valuable math and finance skills than by looking at something they’re already very familiar with.Meanwhile, the objective of the game – moving around the board buying items – is a fun and playful way to teach them about the value of money and how much things cost, and of course, counting change is a great way to teach basic math. Money is earned by completing chores or flexing their entrepreneurial muscles by starting their own mini businesses such as a lemonade stand or lawn mowing service. This is a great way to teach them about where money comes from and inspire in them a good work ethic that will no doubt make all the difference later in life. The board game of risky rolls and fabulous fortunes! Everyone gets crazy rich! But who will end up the richest? You have three rolls of the dice to rake in the dough. Then buy amazing investments for your empire! Ideal kids toys & Board Games. Though suitable for players aged 8+, kids will still find this one enjoyable once they hit double digits as they roll the dice and invest their cash in all kinds of fantastic investments such as movie studios and football teams. Great for encouraging their entrepreneurial spirit, Ice Cream Empire is, as you might have guessed, all about building up your own chain of ice cream stores, with the first player to successfully get 8 stores off the ground being declared the winner
Financial literacy worksheets: Printable worksheets that offer interactive exercises covering budgeting, saving, and basic financial calculations. Providing hands-on practice for learners.Financial literacy, a critical life skill, is often best learned through practical and interactive means. Though this one is admittedly more about food than finance, there’s still a solid educational aspect to the game with young ones needing to add up their tips and count money. That’s not to mention the value of learning about the satisfaction of getting paid for a job well done. Pros: A game aged at pre-school kids like Exact Change, for example, may not do a great job at keeping your older kids engaged, while those aimed at the 8+ market maybe a little too much for your preschoolers. Entertainment Value The game board will be familiar to anyone who has ever played similar games like Monopoly or Game of Life. Players move around the board collecting their allowance and cash gifts (birthday money etc.) with the goal of saving enough money to go to college.
As well as simply improving their adding-up skills, the game uses realistic-looking money which can help them learn about how to combine different notes and bills to make the right amount. Financial literacy books for middle school students: A selection of age-appropriate books designed to introduce middle schoolers to financial concepts.Younger ones will love playing this one after a day of ice-cream based learning activities and will find it a fantastically fun way to develop their money-counting skills as well as learning about basic US geography. Though it isn’t necessarily designed as an educational game, the mix of strategy, counting, and investing will be sure to teach them valuable skills. Pros: Although not technically a board game, Exact Change still deserves a special mention in this guide for the unique way that it helps young children to recognize the value of different coins and bills and developing their math prowess. The money isn’t as realistic as in other games which may be an issue if you were hoping to teach them about coin and bill recognition.
Through engaging gameplay, kids can navigate the complexities of budgeting, investing, and saving, setting the stage for a secure financial future. Additional money resources One of the main reasons for buying a money-themed board game in the first place is to teach them valuable skills in a way that’s fun and entertaining. So, while educational content may be important, don’t underestimate what an enormous difference entertainment value can make. The third part to each player’s turn, after the industry/assets payouts and numbered dice payout is the option to buy a new asset. There are 4 to choose from, which are laid out of the game board. If you have enough money (they are each priced differently) you can buy one. Then on future dice rolls, if your asset industry is rolled, you’ll get money for it!
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So far, so good, but with so many options out there, there’s more to choosing the right money board game for your kids than first meets the eye. You need to find a game that’s both suitable for their age range and teaches the kind of lessons you want them to learn in as fun and engaging a way as possible. Uses paper bills and coins making it a great option for kids who learn better with practical tasks than through books Make it from one payday to the next without going broke, a challenge that mom and dad will likely be familiar with, and kids will benefit greatly from learning about long before they grow up and get jobs of their own.
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