Players can compete against the computer or each other. The Stock Market Game is a simulation of a global capital market. Students will learn about the fundamentals of economics, investing, and personal. Can you survive the gig economy? The Uber Game lets players take on the role of a full-time Uber driver with two kids.
Created by the Financial Times, this game challenges students to successfully pay their mortgage in a gig economy. Credit is a convenient and useful financial tool, but it has risks.
Mismanaged credit can rack up interest and fees. So what is the real cost of credit? Play Charge! The game demonstrates how the interest rate, payment period, and paying the minimum amount can affect the cost of credit in the long run. Do you have what it takes to manage your own finances? Graduating school. Living alone. Earning a paycheck. These are huge financial milestones — but financial responsibility takes hard work.
In Check It Out! Money Talks is an interactive, online program suitable for teens and young adults. It includes comprehensive guides and resources for every stage of life — from the first job to living independently. The program is available in English and Spanish. Mastering financial literacy is important for future success. Online financial literacy games provide a fun and educational option to do so — for all ages.
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How can we not start with one of the most classic games on money management? Pay Day makes finances fun and helps teach kids where money goes. It instructs on the fundamentals of budgeting and helps encourage an entrepreneurial spirit. If you can get your hands on an original s version of this game, then you will get the version that comes with insurance options and savings options, which are also important to teach children. The board game does not come with as many decision-making options such as in Monopoly where players are allowed to decide what to buy, sell, and what property to expand to make more money.
The main purpose of the game is for the player to do the following:. All four steps of the game are definitely wise money habits to instill in your children. This game can also be a great tool to open up conversation about the consequences of debt and how freeing it can be to live debt-free.
Charge Large seems like a stark contrast from Ramsey's board game. While this game does promote credit card usage, the ultimate goal is to be debt-free. This game can help kids see that using credit cards is simple and can help you get what you want, but eventually it will lead to expensive debt if they do not use credit cards wisely.
Telling your children just to avoid credit cards altogether could backfire on you — since they will then be lured by the temptation of using "free money" later in life, not fully understanding the consequences of debt. It would be better to teach them how to use credit cards wisely rather than avoid the subject all together. This is kind of the model game for this list — fun for the whole family, yet highly educational. The game created for entrepreneurs, by entrepreneurs.
Know Opportunity teaches entrepreneurship from the global level. This game fits well into any homeschool curriculum for children, as an addition to public school curriculum, or simply as a fun game to play with your kids. While it was designed for adults, the makers claim that children as young as 10 have been able to easily figure it out. You can win in one of three ways, depending on how you build your castle empire. There are special abilities, capture cards, and special cards that all change up the game.
While some luck is involved, skill and strategy are most important. The real game of making deals. The odds increase as you go. Players start off with gold, an entry-level credit card, and some cash. As you travel around the board, you have the opportunity to leverage cash and credit. You may be thinking that this game teaches kids to want the best credit cards, but to win you must be debt-free!
Weird flex, I know. Players move around the board buying and selling shares of stock in eight corporations. News headlines and random events impact the price of the stocks daily. The player with the most money after 24 days rounds wins the game. Go For Broke is a roll and move game, where players receive one million dollars from the bank and race to be the first player to spend all of their money and go bankrupt.
Players can risk money at the racetrack, the casino, or the the stock market… or they can make donations to charity. Outcomes are determined by spend and receive cards, and by the spinners that represent the various locations. Yeah, that. This is accomplished by moving along the game board path and following the instructions for the squares landed on. The game focuses not just on the accumulation of wealth but also on social and environmental responsibility.
There are also three decks of cards that add variety to the game: fortune, challenge, and situation cards. Globalization brings the exciting world of big business into your living room. You are the head of a multinational corporation with one goal in mind: to make money. Outbid your competitors to acquire businesses within six different industries, and grow your conglomerate. Streamline operating costs, build additional factories, sue your competitors or take one of your subsidiaries public for big returns.
Your corporate strategy will impact which companies you buy and how to take your corporation worldwide. The synergy that comes from the right company combinations increases your perceived net worth. The first to reach a billion in net worth wins! The real estate game that teaches real business skills, whether you plan to pursue real estate or not. Each player will move tenants into properties, collect rent and salary, and even get hot tips for great deals on properties.
Mogul is an open-ended game. The goal is to get to a pre-determined net worth first, but how you do it is up to you. Will you leverage every asset you have, flip properties, or take a more conservative approach?
You can diversify your holdings all over the board, or try to corner a neighborhood — there is no right answer, but unforeseen events can throw all your plans askew. Players go through the math, calculate finance and acquisition costs, calculate equity, and determine net worth, so you know when you win.
This is a game of trading, wares, and negotiation. The players take the roles of traders in 16th-century Genoa. They fulfill orders, deliver messages, and take ownership of buildings in the city. Of course, this is not possible without the help of the other traders. Thus, the need for clever negotiation. And that can cost money and other valuable goods. The player who earns the most is the winner. Players assume the roles of colonial governors on the island of Puerto Rico.
The aim of the game is to amass victory points by shipping goods to Europe or by constructing buildings. Each player uses a separate small board with spaces for city buildings, plantations, and resources. Shared between the players are three ships, a trading house, and a supply of resources and doubloons. When a role is chosen, every player gets to take the action appropriate to that role.
This prevents other players from being able to determine the exact score of another player. Goods and doubloons are placed in clear view of other players and the totals of each can always be requested by a player. As the game enters its later stages, the unknown quantity of shipping tokens and its denominations require players to consider their options before choosing a role that can end the game.
The Entrepreneur Board Game teaches real entrepreneurial skills. There are four decks in the game that are color coded with the game spaces. Land on a colored space and pick a card from the corresponding colored deck. Compete to be the winning entrepreneur. Check out these games to learn more about finances, how to save, and much more!
Check It Out! As you go, you will learn about investing, saving, living alone, and all about paychecks. It will even break down what your monthly bills will entail, such as your groceries, car payment, rent, and electricity. You then have a checklist of everything you could want to do as an adult and must pick what you do to see how much money you have left.
It shows the harsh reality of how quickly money from paychecks can go if you are not careful! By using these financial literacy games, you will better understand your finances and help your kids prepare for the future as well.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Image Via Unsplash Financial Literacy Games for Young Children Starting your children young with everything they need to know about finances will help them down the road. Cash Puzzler Memory puzzles are some of the first games young children play.
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