We had so much fun as a family over the last month taking our time playing kid’s board games to find the best kid’s board games to teach them about money. We found the top seven and wanted to share them with you and your family so you can be instilling excellent money values in your children.
Teaching our kids about money is of vital importance in today’s world. They certainly aren’t teaching it in schools and I know you’ve been in line at a store or restaurant and been just horrified for the cashier when they couldn’t count out the right change.
Learning money skills at a young age is vital for lifelong math skills. Board games make learning about money fun, but it is essential to pick the right match for the age.
Let’s take a more in-depth look, beyond the game monopoly, at other great board games that teach kids about money.
Best Classic Game: Pay Day
Pay Day was created back in 1975 and is here to take you back to your childhood. The best part is that it only takes 15 minutes to play a round (a stark contrast to Monopoly’s seemingly endless gameplay). Players will earn a paycheck, pay outstanding bills and have the opportunity to make deals on property. It is hard for kids to grasp the concept of a paycheck and bills now with everything being electronic, so this game really helps to offset that. There are a few windfall opportunities along the way to help pay for all of the expenses. Windfalls are exciting, but they do make the game much easier to win. Payday is perfect for ages eight and up and requires two to four players.
Best Game For Math Skills: Buy It Right
This game is a popular game among teachers and homeschool students. It utilizes lots of different math skills, including addition, subtraction, multiplication, division, and decimals. An adult does need to be present to ensure the math is done correctly. The toy money looks very realistic and the game includes a calculator. Kids set their prices and buy and sell items making their way around the board. It is intended for 4th through 6th graders but can be tailored to make it easier for younger children. Getting hands-on experience with coins, paper money and using a calculator will benefit kids both in school and in life.
Best Game For Ages Five And Up: The Allowance Game
The Allowance Game is great for children as young as five. After a few game plays, kids will become familiar with counting money and saving it, too. The board is full of different chores to earn cash, so expect the kids to get lots of ideas about doing work around the house. Winning is entirely up to chance based on the roll of the dice. Games can be won in 15 to 30 minutes even though it does have a monopoly feel to it. The Allowance Game teaches more than money. It also teaches social skills and has spaces on the board like paying a library fine or for a broken window. Younger kids will get a kick out of this game whereas the older kids might not find it as enjoyable.
Best Card Game: Exact Change
Even though this is a card game and not a board game it makes the cut as a great money teacher. Developing math skills and building math confidence with money is easy after playing exact change. It is a simple card game with numbers and change on the cards. To win you want to get rid of all of your cards. Then you get the other player’s hand and put the money in your bank. Once you get to $2, you win. Discard cards by matching the amount of the card on the pile, the color of the card on the pile or by adding the money of your cards together to match the card on the pile. Exact change is easy to learn and great for ages seven and up.
Best Coin Counting Game: Money Bags
Money Bags has a fantastic game board with a huge dollar sign as the spaces and lots of mechanical looking cartoon graphics (think handy helpers from Mickey Mouse Club House). Players will learn coin identification fast with this simple and fun game. Lots of counting and exchanging of money are involved in Money Bags. Kids love the lifelike money, which includes both coins and dollar bills. Spin the wheel to find out what coin you have to avoid. It is recommended for ages 7, and up but with little help kids, 5 and up would enjoy playing.
Best Game For Teens: CASHFLOW
GET RICH WITH THE WORLD’S MOST POPULAR INVESTING GAME. CASHFLOW was developed by renowned entrepreneur and motivational speaker Robert Kiyosaki, author of the bestselling personal finance book of all time, Rich Dad Poor Dad. This game is the ultimate realization of Robert Kiyosaki’s vision for an interactive tool to teach investing and wealth building. Put your financial skills to the test and learn how to escape the rat race in the comfort of your own home.
Best Game For Teaching Debt Freedom: Act Your Wage
Dave Ramsey is a celebrity in the finance world. He is best known for his debt snowball plan. He has created a board game to help teach money principles called Act Your Wage. The game includes Ramsey’s seven baby steps to 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. Using the baby steps, you will navigate through paying off debt. It is a great conversation piece and helps demonstrate money strategies that can be applied to real life. Act Your Wage is an excellent game for beginners ages 10 and up. No prior knowledge of Dave Ramsey is needed to have fun learning about money.
I encourage you and your family to give these fun-filled games a try. I just can’t tell you how much fun we had together bonding and imagine the topic- money. Usually, that brings families to blows (okay not really but close sometimes.):)
What games do you like that teach money management and what have been some of your favorite times playing them?
Remember, DREAM BIG…the possibilities are endless!
I’d like to thank the website, The Balance, for suggesting we try these games in the first place- the reviews were terrific!
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