Financial Games for Kids

Learning is best when combined with fun, isn’t it? And what are kids best at? Playing games, right? They are always looking for entertainment even when they are studying. So why not inculcate games in learning?

We have all played games when we were young kids, probably hide-and-seek, sports games like football, cricket, etc. But they only taught us values like sportsmanship, discipline, etc but did they teach you how to manage life in monetary terms? No right?

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Growing up, we all have played all sorts of games including the ones which can teach you a lot about real-world finance scenarios both good and bad. Let's say, for example, we take Monopoly. It is a board game which virtually includes money to buy or go to places, tickets for visiting places, cards to keep a check on the things you do, hotels to stay, houses to buy or sell, and deeds like mortgage, trading, etc are part of it and you can do everything you want or can here. It allows you to self learn a lot of things while playing this game and in a really easy way along with your friends and family. There are a lot of games like this which can teach kids real-world finance. Some of them are The Game of Life, PayDay, Catan. They all come under the board game category.

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There are a lot of online games also available, some of which are online versions of those board games, like Stock Market Game, Peter Pigs Money Counter, Wise Pockets, H.I.P. Pocket Change, etc. Now due to the pandemic, it is merely possible for kids to meet their friends and play with them. They can opt for these online games to keep engaged.

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But it doesn't stop there, if you want to teach your kids in a more traditional or rather practical way, you can play role-playing games such as you can act as a banker/salesman/broker/maybe a fraud who can try to persuade into fraudulent and your kid can act as a customer and you can throw in many scenarios towards them were from the kids have to get out by applying financial aspects and concepts. This can be really fun if the problems are challenging, it will push your kids to think and thus develop a natural habit to think economically.
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Shubham Raj

BE, BMSCE, Bangalore
Shubham is currently pursuing a BE in IT and will graduate in 2022. Loves to learn and help others anytime anywhere. Believes in focussing on good things around.