For parents to have a kid who is money-wise is a boon because it makes those save or splurge decisions easier to handle. There’s no right age for having that money talk with your kids. If he or she can spend or borrow, they sure can learn to save and invest. As a recent Reuters article says, it’s important to start early because by the time your child reaches high school, their money habits are already forming.
So, the buck stops with the parents. Start the money education at the dinner table or take the help of these interactive websites that impart financial literacy in a fun way.
The Mint believes in educating American children about money because the lessons on saving and debt need to be urgently learned. The site has sections tailor-made for kids, teens, parents, and teachers. The tools consist of games that are built around earning, saving, spending, and giving. Lessons on how money moves are also imparted in an easy to grasp language. With a basic understanding, you can play the quizzes and calculator games like the Be Your Own Boss Challenge on the website.
This financial literacy website covers the young of all ages with its package of personal finance articles, games, and lesson plans. You can also check out Whats My Score to understand the nitty-gritty of credit. Interactive financial games like Financial Football are cool fun learning experiences as you answer money related questions and score touchdowns. Financial Soccer, Road Trip, and Ed’s Bank are equally engaging. Look into the other quizzes and money calculators on the roster.
Planet Orange is a nicely designed interactive financial game that reaches out to those in the 1st to 6th grade. Join Cedric and Amy as they help you navigate the deep reaches of space and learn all about earning, spending, saving and investing. The game involves activities that focus on different features of money and the choices you have to make for completing the mission.
Future entrepreneurs have this website for free lessons on finance and wealth creation. All lessons are taught by Toki using four financial games. Games are designed around levels from Kindergarten to Grade 12. For instance, learn how to make profit by playing the Jesse’s Ice Cream Stand Game. Other games like Ima’s Pay Yourself First teach about using your money wisely.
How to save and reach your savings goal can be learnt by playing a round of My Savings Quest. The character you play has to learn how to save money by budgeting and spending within the money earned from a choice of jobs, and savings. The game teaches you simply how to save for the things you want while paying for the things you need.
The interactive story put together by a bank takes kids through the basics of money and banking. The site explains the processes that go into banking. Parents can use the website as a tool to explain where the money earned is ending up and how it is earning as interest. The game is designed as a story and each character in the story takes you step-by-step through the entire banking process.
The U.S Mint website for kids is a great place to learn all about money thanks to a long lineup of games, art activities, puzzles, facts, and trivia. Then you have cartoons and a bit of history thrown in for good measure. If you are interested in understanding how it all begins check out the toon that shows the birth of a coin.
There are fun money games on this interactive website for kids, but here’s the one to play for all those yearning to escape home: the Check It Out game gives you a job and one month’s worth of income with one month’s worth of bills. Think you can cope? Play and find out.
Here kids do all the explaining as they talk money and business with you. The financial education show is for preteens and uses skits and comedy to teach the basic stuff on finance. The site links to Disney’s Hot Shot Business Game. Unfortunately, the other games mentioned give a broken link error, but you still have enough on the site to keep yourself occupied. There is a section for teachers and parents with downloadable lesson plans based on the episodes.
The interactive website features a series of games that take high school students through lessons in credit management, budgeting, saving, and spending. You cans select any of the scrolling images to play a random game.
We have covered a lot of finance and personal finance apps, but these websites bring back the fun into saving money. From pocket money to the first pay check, it’s a long financial journey. Make sure your kids have the right tools to make every buck count along the way. Do you have any more financial games to add to the list?
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