Kids, whether they are under 10 or in their tweens or teens, are all in their learning phase, and the pace at which they can learn is amazing. I guess, teenage is the best age to master any skill. As parents, we always try to teach our kids whatever we know. We naturally want to pass on our knowledge to our children. With internet, there are unlimited resources available to us/kids (although not all of them are filtered). If we look back 10 or 15 years, we can recall playing a lot of board games that were not only entertaining, but some of them also taught very valuable lessons. One common game that most people have played in their childhood is Monopoly, which introduced me to the concept of real estate in a vague sense.
Believe it or not, there are still many board games available today that can subtly introduce children (and even adults) to basic financial concepts. These games are so interactive in nature that they engage kids and adults, with the primary focus being on fun, but they quietly help develop strategic thinking, understanding about money, assets, and so on.
As I was researching the internet, I came across many classic board games (bought by 1000s already) that are absolutely essential for kids who are beginning to learn to count money, concept of buying and selling (basically trading), growing money and building wealth. Essentially, these games can prepare children for the financial world/ responsibilities they will face after leaving school.
Board games can help kids under 10 understand basic money recognition (bills & coins), counting, basic arithmetic, and financial concepts. Tweens and teens can learn more advanced money management skills like budgeting, concepts of trading, investments, banking, credits & interest, loans & debts, and many other investment strategies & concepts.
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Lets look at some of the top selling board games available on Amazon:
Rich Dad CASHFLOW Educational Board Game
—Learn Investing, Real Estate, Stocks, and Business Building for Family Financial Literacy, 2020 Design
If you have heard about “Robert Kiyosaki“, the famous author of the book “Rich Dad, Poor Dad“- which is still #1 on the list of Personal Finance books’ list– then you would want to buy this game for your kids for sure.
If you think about shifting from a typical 9 to 5 job life to buying stocks, real estate, and companies, building passive income, and building generation wealth, then this is for you. It is also an opportunity to teach the same your kids from an early age.
Play with them, entertain them and teach them everything that Robert Kiyosaki tries to explain in his book. You can learn to Escape the Rat Race. This board game is based on investing and how to achieve towards creating generational wealth.
Additional Info:
| Product Dimension | 2.1 x 8.6 x 17.1 inches |
| Weight | 3 pounds |
| Recommended age | 14 years and up |
| Number of players | 6 |
| Manufacturer | Rich Dad |
Grandpa Beck’s Games Cover Your Assets
This popular card game has already been bought by over 2 Million people. It is all about Assets, you can create sets of assets, steal assets, and defend your assets, and the first to become a Millionaire wins the game. It’s a very competitive game that is enjoyed by people of all ages. This is a must play game during parties or when travelling.
Additional Info:
| Product Dimension | 5.81 x 4.13 x 1.33 inches |
| Weight | 10 ounces |
| Recommended age | 8 years and up |
| Number of players | 2 – 6 |
| Manufacturer | Grandpa Beck’s Game |
Hasbro The Game of Life Board, Ages 8 & Up
If you want your children to think critically about money, investment, and financial strategies, this is a must have game. It helps the players to develop an understanding of how money works, how to manage it, and how to grow it. As you have so many choices in life, this game gives you many choices. It has travel, adventure, love, and family and is educational at the same time.
This game gives players an opportunity to the players to choose what they want to be in life and where they see themselves in life. You can experience different milestones of life, from selecting a college to pursuing a career, having kids, going on vacations, and experiencing unexpected turns of life untill your retirement. This game tries to cover all parts of life.
Additional Info:
| Product Dimension | 2.17 x 10.51 x 10.51 inches |
| Weight | 1 pounds |
| Recommended age | 8 years and up |
| Number of players | 2 |
| Manufacturer | Hasbro |
Monopoly Ultimate Banking Edition Board Game
–for Families and Kids Ages 8 and Up, Electronic Banking Unit (Amazon Exclusive)
Most of us have played Monopoly in our childhood, and it is only natural if you want your kids to enjoy the same pleasures as you did. This version is different from the the traditional Monopoly game. It comes with an innovative banking unit, and bank cards, so you don’t have to worry about losing the currency bills. This cashless game lets you witness instant transactions. Purchasing a property was never so easy in Monopoly: buying, selling, and determining rent are all done via the tap of a card.
With this version of Monopoly, you can say goodbye to your the traditional Monopoly.
Additional Info:
| Product Dimension | 1.97 x 15.75 x 10.51 inches |
| Weight | 2 pounds |
| Recommended age | 8 – 15 years |
| Number of players | 4 |
| Manufacturer | Hasbro |
Winning Moves Games Pay Day, The Classic Edition
This one is a real classic. Pay Day was launched in 1975 and is an awesome game for both children and parents. It is a nice way to teach kids about getting paid at the end of each month, and the player with the most money at the end of the game wins.
This game subtly teaches children about withdrawing salary, saving a part of it, and earning interest on the savings, as well as the concept of loans, paying interest on the loan and paying them off.
This game will not only entertain your children but will also teach them the important concepts of salary, savings, loans, and interests, laying the foundation for their financial journey.
Additional Info:
| Product Dimension | 2.1 x 8.6 x 17.1 inches |
| Weight | 1.7 pounds |
| Recommended age | 8 – 12 years |
| Number of players | 2-4 |
| Manufacturer | Rejects from Studios |