It doesn’t seem more than a few days ago that we were enjoying the sun, but now the rainy days are well and truly here! Don’t let the weather get you down though, there are loads of things that you can do indoors. Board games are a great go-to when families are looking for a rainy day activity. Look for a way to make #money? While your kids are having fun, they could be learning important financial lessons without even realising it. Look for a game that’ll show your child money doesn’t grow on trees? Fortunately, money management lessons masquerading as games can make learning about finance easy and even fun.
Check out these games designed to teach your kids about money management and the value of a Money.
Are you finding difficulty on getting on investment ? Seek advice of a financial planner who will make ease for you. Just leave a missed call @022 62116588 and have a personalised financial planner for FREE. MoneyMindz provides Free Financial Advisory, Financial Investment Services, Financial Planning, Certified Financial_Planner Assistance, Retirement Planning Advisory, Free Financial Advisors, Online Personal Finance, On-call Investment Management, Best Financial Planner, CFP India, Personal Financial Planning.
Monopoly broad game –
Monopoly is a board game that originated in the United States in 1903 as a way to demonstrate that an economy which rewards wealth creation is better than one in which monopolists work under few constraints] and to promote the economic theories of Henry George and in particular his ideas about #taxation. The current version was first published by Parker Brothers in 1935
This game includes Buy and sell properties, build houses, and collect rent. Monopoly is a great money game for kids learning how to count money and make decisions. It's also an introduction to the concept of investments and long-term payoffs (especially as the game can last for hours).Play the classic Monopoly with paper money or the new Monopoly with Electronic Banking. Best for tween or interested teens; younger children will find it too long and complex.
Lessons we can learned from this game
1. Be patience will investing.
2. Always keep cash in hand
3. Focus on cash flow
4. Don’t put all the eggs on one basket
5. the Most Expensive Asset Is Not Always the Best
Cash flow 101 Game
This game’s financial lessons include teaching players how to take charge of their personal finances, understand cash flow and learn about the importance of investing. Cash flow 101 delves into some of finance’s more complicated topics, so play this with kids ages 14 and older.
There’s also Cash flow for Kids, which can be played by kids as young as 6 years old, according to Money Crashers. What can you expect your kids to learn while playing this game? They’ll start to learn about the basics of investing, the difference between assets and liabilities, the importance of understanding a financial statement, basic personal accounting, and advanced investment techniques, including real estate investment strategies and short-selling stocks
Lesson from this game
Simplify and get out of the rat race faster
Start with small deals first, and the big deals will follow
It is better to wait for a good opportunity than settle for those not so good deals
Payday
With Payday, you can make kid to learn how to budget and manage your money on a monthly basis. Players take turns moving around the 31-day calendar board and dealing with loan payments, bills, unexpected expenses, cash windfalls, and other financial circumstances until they get their paychecks on the last day of the month. Payday can be played for as many “months” as players choose – establish this before you start the game or you could play for days. Win the game by having the highest net worth when you call it quits. While playing, kids begin to understand the importance of evaluating cash flow, totaling expenses, making payments, budgeting, and the importance of establishing an emergency fund. Who knows? Maybe after a round or two, you’ll see them budgeting out their weekly allowance.
No comments:
Post a Comment