Every person has a unique way that they learn best. Some folks are visual learners, relying on images to absorb information. Others are auditory learners, verbally processing what they learn and thriving when music is involved. Others are kinesthetic learners, learning best when they incorporate movement into their studying.
But across the board, the most fun way to learn is to make a game of it.
It’s no different when you’re learning money wisdom! Some skills are best learned on a good old-fashioned game night, where you can get a better grasp of a concept by putting it into action! You can make learning money concepts fun for your kids with the following games you can try the next time your family rallies together for a few games on a rainy day.
1. Monopoly. A no-brainer classic. Ultimately, Monopoly isn’t a perfect reflection of the real financial world, but it is a great introduction to the fundamentals! Your kids can practice their math skills as they count the money for different transactions, and learn the basics of investing when buying properties. You’ll be in for a night of friendly competition until somebody flips the board!
2. The Game of Life. Another classic that allows players some more say in their career choices. This one also calls for a “banker” responsible for counting out money, so your kids can continue to sharpen their money-counting math skills!
3. Grocery store . Most kids have a knack for playing pretend, and a good old-fashioned game of “grocery store” is a great way to help them assess the value of different items and let them practice deciding how to spend a finite amount of money. They can also learn how to hunt for sales! They’re used to shopping with you at the real grocery store, so they’ll have a great time feeling like they’re in the driver’s seat with this game. Take turns being the shopper and the cashier, or take it a step further and let them plan out what meals they need to purchase food for. This all makes for excellent budgeting practice and will teach your kids the value of money in a real-world way.
4. Restaurant. Very similar to grocery store, restaurant helps your child practice making real-life financial decisions. They can choose what to order and learn how to calculate tips. If you swap turns and your child plays the role of the server, they can add up the cost of each dish you order and calculate a “bill” for the table.
5. Coin riddles! These fun little puzzles can even be fun for adults! A simple coin riddle goes like this: “I have 4 coins and they add up to 30 cents. What coins do I have?” The beauty of the coin riddle game is that you can play it anywhere— if your kids are bored in line at the grocery store, you can invent your own riddle on the fly and get the gears in their noggins turning.
Even though we’re inching closer and closer to an all-digital financial world, cash is a great tool for teaching kids the tangible value of money.
Teaching kids money skills with games is the perfect way to make it fun! Your kids will get to see how the lessons they’ve learned about money actually play out in the real world, and the fun they’re having will keep them engaged and excited to learn. Money lessons don’t have to be dry and boring! You can increase the nuance as the kids get older, teaching more complex concepts.