Top Games to Teach Kids About Money

Here are some excellent games that will teach your kids about money, some of these are really unique and will help your child learn more about business and entrepreneurship.

Schools Arm Kids with Biz Skills, Fuel Teen Start-ups

Schools are doing their best to instill in students skills that would be on an entrepreneur’s must-have list.

• Making code words is giving way to computer coding
• Summer camps have been lost to hosting bazaars
• Incubators are up alongside phonetics labs
• Negotiation classes start in elementary school

School start-ups are putting teenagers in fast-forward mode.

• Columbia business school regularly travel across schools to hold global entrepreneurship courses. They conduct courses that equip students with skill sets that will help them start their own ventures.
• Before going for summer holidays, students set up markets to sell their home-made produce.
• In several schools, there are clubs run by students that sell products such as lemonade and the proceeds are then given to charity.
• Some schools run social media campaign consultancy exclusively for start-ups.
• Other schools are planning to bring entrepreneurship learning programme to their students.

Money Management Games

The best one is Monopoly Electronic Banking Game from Hasbro. Your child will learn to collect rent, buy property, pay fines, using bank cards, and a clever electronic unit that mimics a real card reader device.

ATM and cash register toys

Learn money management and saving skills with these toys. This ATM toy is the best one to teach children about money management skills.

This one is a sophisticated toy that displays the amount on the screen when kids deposit real coins and bills in the ATM. The toy even comes with an ATM card and a pin allowing kids to check their account balance, make deposits, and withdraw funds.

Money banks/piggy banks

The art of saving is dying, with many people today living beyond their means, because of which many face financial problems later on.

It’s important for kids to learn to start saving right from an early age, and it’s important that parents inculcate this good habit in kids.

These piggy banks are the perfect tool for doing that.

As a child, my parents would give me spare coins and small currencies (notes) to put in my piggy bank. Every few months, I would open the piggy bank to see how much I had collected, and my parents would buy me a nice gift (a toy) using that money.

I would then repeat the process.

My parents were obviously happy with my saving habit, and I feel that every parent should try to inculcate this habit in their child.

• Coin Piggy Bank Counter (with LCD)

Pretend and Play Money for Kids

Financial education is a must for children nowadays. Now you can teach kids the basics of money using these games.

Play money sets to introduce useful money skills to kids, to help them recognize the various notes and coins. These dummy currency notes are available in various denominations; you get the notes as well as coins.

You can use these to teach simple math – addition, subtraction and counting skills to kids.

When buying play money for kids, it is better if you buy something that comes with some sort of storage so that the money can be kept neatly inside the box/storage. Buy on Amazon.

The next time you go shopping, let your child hand money to the cashier and also ask them how much they are going to get back in return.

Useful Links

Use three jars – “Spend”, “Save” or “Give” – to teach useful money lessons to kids

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