Whether learning to save money in a piggy bank or using a credit card, practical money skills are crucial for children. One of the most effective methods of education is playing money games!
There are numerous ways for younger children, tweens, and teenagers to learn about money for kids, ranging from board games to video games. This article examines the most effective games for educating children about money.
Let’s jump into it!
Why Play Money Games with Children?
Simply said, money games are a fun method to learn about financial management!
From homeschooling to public education, teaching children through entertaining money games is a wonderful tool. This includes learning how to count money and operate a cash register. It is a realistic (and enjoyable) way for young children to acquire real-world skills.
Best Cash Games for Children
From physical games to internet games, you can play for money!
Do Your Duty!
In addition to its clever wordplay, Act Your Wage! is not your normal money game. It distinguishes itself from other games in that participants begin with a deficit (or debt). This is an intriguing and more realistic perspective on money management.
Each player begins the game by selecting a “Life” card and three “Debt” cards. This game has three major lessons: earn a paycheck, pay expenses, and reduce debt. This game, created by Dave Ramsay, focuses on how to become debt-free.
Interested in learning more about costs and prices? Buy It Right is the best option! Buy It Right is recommended for children 5 to 12, as it provides many learning opportunities. These include handling dollar dollars and coins and comprehending different prices and costs.
This popular game improves math and money management skills by requiring players to establish prices while buying and selling goods during gaming. Although appropriate for grades 4-6, it can be modified for younger students.
Looking for a basic mobile application? Recommended for ages four and up, Counting Coins teaches children about all aspects of coins. From pennies to nickels to dimes to quarters, this app is an excellent way to introduce children to the world of currency!
This game includes four different playing options: Match the Value, Match the Symbol, Match the Symbol, and Match the Symbol (make the same values as shown on screen), Add up the Totals (use the right coins to make the total displayed), How Much Is It? (note the coin’s worth) and Show Values (shows the value of one or many coins).
The Game of Life
The Game of Life (or Life) is a popular book that discusses numerous financial management subjects. In addition to budgeting, the game teaches players about other financial topics, such as taxes and insurance. This game teaches you how to manage money throughout your life!
Remember that although this is one of the best money games, it also depicts unrealistic situations. However, these can be exploited as teaching opportunities. In addition, it is important to note that the classic game gives more financial options than the new game.
Money Bags: A Crazy Coin Counting Game is enjoyable and regarded as one of the greatest overall money games for children. Even though the winner is determined by who has the most money at the conclusion of the game, the true value lies in learning how to count and create correct change.
Designed for seven and above, Money Bags is best played with two to four players. The rather realistic play money allows for a more compelling experience. It excels as a board game for teaching essential abilities such as counting, collecting, and exchanging money!
Money Match Me
Money Match Me is not a traditional game but helps children identify and count money. This is accomplished using various coins. This deck of cards teaches children the fundamentals of the American currency and its uses in subtraction and addition.
One such instance is value matching. For example, one card may feature three quarters. This value must then be matched with its two textual counterparts (“75” and “seventy-five cents”). Money Match Me is an excellent approach to teaching coins to children.
Want to learn how to manage money, specifically paper currency? MoneySmart Kids is among the greatest alternatives! As a two-in-one game (more on that later), it allows players to count, spend, and save money!
Moneywise Kids provides two games that are educational and entertaining. The first requires players to save $100. The winner of the game is the first person to do so before the end of the game. The second game’s difficulty increases with the addition of Moneywise Markers, which require paying for transportation, housing, and other necessities.
Among classic board games, Monopoly is likely the most well-known! The history of this economics-themed game dates all the way back to the early 1900s. Since then, more than 300 variations of the legendary game have been created!
From counting money to investing in real estate to taxes and interest, Monopoly teaches a great deal about money and provides hours of entertaining games. This is a terrific money board game for children eight and above (but there are variations for younger children, such as Monopoly Junior Game)!
Want to learn more about paychecks and monthly expenses? The paycheck is the ticket! Designed by one of the best board game designers, Paul J. Gruen, the game is one of the best illustrations of how children may learn real-world money management.
The board appears to be a calendar. During the game, players accrue debts, incur expenses, and receive a paycheck. The winner of Pay Day is the player with the most often of the “final month.”
Peter Pig’s Cash Register
Peter Pig’s Money Counter is a mobile app game that teaches children ages 5 to 8 how to sort and count coins! This interactive game, accessible on both iOS and Android, teaches children how to manage money and the history of United States currency!
A player can select their skill level, as well as pick whether they wish to win rewards. This is a fun and easily accessible game, but keep in mind that younger children may initially require assistance figuring out how to play.
Conclusions: Money Games
From counting coins to using debit cards, learning about money is valuable!
Whether you want to practice subtraction or acquire a feel for investing, money games help you develop real-world skills and self-assurance throughout your learning path. Younger children can learn how to manage their funds with the right instruction and resources properly.
Explore our online financial education classes for children!
From financial education to math skills to video game design, Matic Academy provides instruction for the real world. Our individualized one-on-one coaching makes STEAM education incredibly simple. Additionally, we provide on-demand classes and boot camps!
Matic Academy’s courses are an interactive and entertaining online experience regardless of the style. Here, kids acquire the skills necessary for future careers and interests in subjects typically difficult to get in conventional classrooms. All in a hands-on manner that children like!