Teaching financial literacy to kids is a huge responsibility that rests on our shoulders, as parents. The decisions that we make will trickle down to our children and will either help or hinder them in their money decisions. One of the best ways to teach kids about money is by playing games. These fun money games for kids will be a hit with your entire family!
The importance of money games for kids.
Besides teaching my kids to be honest and good people, I also want them to learn how to be financially smart. I never want to face the issue of my adult child needing to borrow money. I’m not saying I wouldn’t lend them the money, but I would feel like a total failure.
It’s important to give kids an opportunity to learn about money, even at a young age. Money games for kids make it interesting and fun to learn about finances, and can solidify concepts that kids are unsure about. Once children understand the basic concepts of money, they can start applying them in their own lives.
Awesome money games for kids:
This game has kids counting money throughout the entire game! Players use the spinner to see what coin combination they will need to make the designated amount of money. Sometimes certain coins are barred from being used, so players have to come up with different coin combinations. First one around the board wins!
Money Match Me is a simple, yet fun game where kids have to match up the money amount to the picture of money that it is equal to. While this game isn’t a board game, you can still play it with multiple players. First one to match the most cards is the winner!
Payday is a classic game that has been around for over 40 years. Players earn money, take out loans, save/withdraw money and pay bills. Whoever has the most money at the end of the game, wins! Super fun for everyone!
In this game, players learn to identify money, add and make change. After rolling the dice, players set prices, and buy and sell items. This game is most appropriate for ages 10 and up, as it requires some advanced math money skills.
Good ol’ Monopoly. The classic game that teaches money skills. Monopoly Junior is a more simple version that makes it easier for kids to understand money concepts. Players can buy a candy store or a pet store and single dollar bills are used for easier transactions.
Kids will love this game because it closely mirrors real life. Players can make purchases, make change, handle allowances and gifts, earn money and put money aside for college savings. During the game, players keep simple financial records so they can identify the winner at the end of the game.
This family favorite is a great money game for kids. Not only is it fun to choose a job and pick your family, but players can go on vacations also! The player with the most money at the end, wins!
What is your favorite money game for kids? Comment below!