If you’re a parent, you want to pass on good values to your children. Few things in life are more important than the ability to put money away for a rainy day. So how can you teach kids why saving matters in a way they understand? With money games for kids! It’s a fun, simple way to help them understand what money is worth and why it is important.
See our 3 money games for kids to help get them excited about saving.
Sort and save
Sorting things is an activity many little kids love and so we’ve turned into the perfect money game for kids. Grab your change jar and let your kids sort and pile them up in this simple and fun game. Teach them what each coin is worth, help them add up all the change and then let them keep a portion of it for their savings. Not only have they learned what money is worth, but also how quickly spare change can add up to big savings.
The Game of Life
This classic American board game offers a lot crucial life lessons on the value of saving. You need to save for college, a family, a house, a car and retirement while learning about the financial ups and downs life can throw your way. So if you think your kids are old enough for board games, this is a great option to teach why long-term savings matter.
The Chore Store
This is a great way to have your kids be productive, get paid and learn to work hard for their money. When it’s time to do household chores, open up shop—which can be just as simple as a having a small sign and a stack of change—and delegate the tasks to be performed with a certain money value for each. Then when the chores are done, have your kid count up the money made and save it for a rainy day!
Learn more about 5 things we normally forget about in our household budget.