5 Best Board Games to Teach Kids About Money
Learning money skills at a young age is vital for lifelong finance skills. To make it easier, use board or card games to teach kids about money in a fun way. Don’t worry, there is more to Monopoly. Check out the five options below and have fun with your children tonight!
1. Pay Day
Created in 1975, Pay Day is an excellent game to teach kids how to use a paycheck responsibly. Each round takes 15 minutes to play, which is a lot nicer compared to an infinite game of Monopoly. Players will earn a paycheck, pay outstanding bills, and have the opportunity to make deals on property. It is a lot like real life!
2. Thrive Time
This game will help you teach your teen about spending money in different life stages: from being a student with a part-time job to investing and starting a business. It comes with 120 playing cards, play cash, and a balance sheet to track income and expenses. Your teen will develop an appreciation for saving and creating a passive income through this game. Normally, it is tricky to teach teens anything, but Thrive Time has your back when it comes to money.
3. Act Your Wage
Developed by Dave Ramsey, Act Your Wage is a board game that teaches money principles towards debt freedom. At the beginning of the game, you will draw a life card and three debit cards. You will roll a dice to move around the board and navigate your way through paying off debt. Cleverly designed, this game demonstrates money strategies that are very well suited to real life.
4. The Stock Exchange Game
The goal of this family-friendly game is to create a stock portfolio. You can buy and sell stocks, make mergers and acquisitions, and learn about economics and how the stock market works. You do not need stock experience to play the game. It is fun, exciting, and easy to follow. The winner of the game is the person with the most money at retirement.
5. Exact Change
Are your kids good or bad at math? Either way, they will enjoy the subject after playing the Exact Change. It is a simple card game that builds math skills and math confidence. Numbers and change are printed on the cards. To win, you want to get rid of all of your cards, get the other player’s hand, and put money in your bank. The person who earns $2 first wins!