Family Game Night is the time when every member of a family takes time off from their busy lives to gather and spend some quality time together. On such occasions, board games are the first choice that everybody wants to play with. These Money Games are not just for fun it also teaches your children easy communication skills along with a healthy competition as well as some basic maths.
You will be amazed to see the result, how much these games teach your kids to learn. At an early age, these games are really important for your kids not just for fun but some more ethical and knowledgeable lessons also. In this article, we explain 8 fantastic money games that help your kids in their growing age and allow you to connect more with your kids during these games. But first, you have to know what type of lessons your kids will learn from these games. To know more about it, scroll the page and get ahead to the next paragraph.
What Lessons Do These Games Will Teach?
In this article, we explain 8 games all of which have different techniques, set of rules, and for the different age groups. The below-listed pointers are the lessons you will teach your kids during these money-making games.
- Basic Financial Skills
- Basic Maths
- Real-Estate Concepts
- Money Transaction methods
- Value of Stock
- Handling Money
- Difference between Assets and Liabilities
- Financial Decision Making
- How To Buy and sell
- Critical thinking
The above points are not enough, there are many other skills that you will notice in your kids while playing these money games. But to develop these skills in your kids you need to help them when you play games for money and teach them how to play. But first, you should know what these games are?
8 Amazing Money Games for The Family Game Night
We explain these games to make your family game night more fun, interesting, and skillful for your kids. These money-making games surely build your family bond stronger and more valuable.
1: The Allowance Game (Age 4+)
In the list, the Allowance game comes first. This game is for your 4+ years older kids where 2 to 4 players can easily play this game. With this money game, your kids will learn how to handle money, along with change money and some basic math like addition and subtraction.
2: The Exact Change Card Game (Age 5+)
The Exact Change card games are similar to UNO. If you have played UNO before then you can teach your kids how to play Exact Change Card games also. This game includes some change money and basic math factors itself. When you play this game, the players have to focus on beating their competitors with no cards left. The player gets out of the game once the cards are left.
3: Cash Flow (Age 6+)
The Cash Flow game is the one that builds a decision-making skill in your kids. This game is all about a goal to get out of the rat race, you just need to run around the board collecting assets and liabilities, and once the circle completes the game ends. The one who came first in this game may win the match. This game can be played by two or more players.
4: Cover Your Assets (Age 7+)
First of all, do not consider the name in a bad way. Cover the assets is the game that developed the skill of identifying the difference between assets and liabilities in your kids. This is a fast-paced game that allows kids to think hard and make strategies to win the game. In this money-making game, you have to build up a big fortune by collecting assets cards and building a tower with them. But the top card can only be useful when it’s stolen from your competitors. You can avoid this game if you think the game is promoting a stealing habit but in my opinion, it is more fun and interesting. This game can be played by 4-6 players.
5: Monopoly (Age 8+)
Monopoly is the oldest game that we had also played in our childhood and learned many interesting and skillful qualities. In this money-making game, 2- players can participate at a time, every player has to travel on the board from one corner to another and collect real estate tickets from the bank. At some intervals, players get rewarded with some cash prize and sometimes they get penalties by overruling the rules. This game will teach your kids real estate principles, discipline, and honesty.
6: Stock Exchange (Age 10+)
The Stock Exchange game is totally based on the real stock exchange market. We invest in the stock exchange for the long term for the sake of better return at retirement. The same concept applies in this money-making game. There are three levels, Family Fun, Strategic, and Partner. You have to suppose that every round on the game board is a year in your life. In the early years of your life, you invest or buy some risky assets with higher returns with the goal of better returns in retirement. And the later you sell it for safety and security. The player who has more assets wins the game. 2-4 players can play this game at a time.
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7: Goventure (Age 12+)
Nowadays, Teenagers loves to play the indoor game rather than outdoor but most of the time they are engaged on playing video games on phone or computer. Goventure Board game is perfect for them to distract from the video games. In this money game, kids will learn how to run, compete, collaborate, and build up a business on their own. This game teaches them Entrepreneurship qualities and at a young age learn these type of skill are good for overall development. This game is listed for the 12+ age groups[ but sometimes 7+ kids also like to play this.
8: Puerto Rico (Age 12+)
The Puerto Rico Game is also a board game that can be played by 2- 4 players at a time. In this game, every player has to act like the colonial governors on the island of Puerto Rico. The aim of the sport is to amass victory points by shipping goods to Europe or by constructing buildings. Each player has their own separate small board with some space for major things such as the city, buildings, plantations, and resources. Shared between the players are three ships, a trading house, and a supply of resources and doubloons.
During each round, players alternate selecting a task card from those on the table (such as “trader” or “builder”). When a task is chosen, every player gets to require the action appropriate thereto role. Players earn “victory points” for owning buildings, shipping goods, and manned “large buildings.” Each player’s accumulated shipping chips are kept face down and are available in denominations of 1 or five. This prevents other players from having the ability to work out the precise score of another player. Goods and doubloons are placed in clear view of other players and therefore the totals of every can always be requested by a player. Because the game enters its later stages, the unknown quantity of shipping tokens and their denominations require players to think about their options before choosing a task that will end the sport.
Hopefully, you try all of these money games at your family game night with your kids. The list of games is not just enough, there are a lot more other games than the mentioned game in this article. All of these games are specifically selected and tried-tested for the overall development of kids.
In my opinion, financial education is a must-to-know course for your kids and learning these things at an earlier age is more useful. If your kids learn to value money before you start giving them pocket money, I’m sure they will spend every penny precisely and in a worthy place. These games will help your kids to learn some financial skills in a fun way because financial education doesn’t have to be boring. Not just financial skills, these games could also lead your kids to learn a healthy competition. So it’s recommended to take some time off and have fun with these money games with your family on family game Night.