7 Board Games That Help Kids Understand Money
Board games are a great go-to when families are looking for a rainy day activity. But they can do much more than provide your family with a night of entertainment. In fact, while your kids are having fun, they could be learning important financial lessons without even realizing it. Looking for a game that’ll show your child money doesn’t grow on trees? Check out these seven games designed to teach your kids about money management and the value of a dollar.
1. Cashflow 101
This game’s financial lessons include teaching players how to take charge of their personal finances, understand cash flow and learn about the importance of investing. Cashflow 101 delves into some of finance’s more complicated topics, so play this with kids ages 14 and older.
There’s also Cashflow for Kids, which can be played by kids as young as 6 years old, according to Money Crashers. What can you expect your kids to learn while playing this game? They’ll start to learn about the basics of investing, the difference between assets and liabilities, the importance of understanding a financial statement, basic personal accounting, and advanced investment techniques, including real estate investment strategies and short-selling stocks.