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Games That Teach Kids About Money & Real Estate

Posted by admin on March 23, 2020
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Do you want to teach your kids about important lessons about money and real estate? But they don’t listen to you?

Maybe you often try to tell them about money, investment, and real estate while you have a family dinner.

However, for them, this is something for the future, boring and can quickly lose their interest; they need more interestingly presented material and in the best way for them so they can understand it.

Kids love to spend time with their parents and this is the perfect time to play games that will teach them important life lessons.

This has benefits for both parts because you want your children to be financially stable in the future, and they want to play.

There are plenty of fun and educational games for kids, teens and parents to help them learn important lessons for money, investment, and real estate.

It’s a great way to tear your child away from screen addiction – phone, TV, computer, etc.

Board games are also a great way to learn a new language by buying a game that is in English or another language.

We’ll take a look at the best games that teach how to allocate money wisely.

 

1. Monopoly


Monopoly is probably one of the most diverse games and is still modern nowadays.

You can find it in the most interesting topics and can attract everyone’s attention by having versions of movies, video games, and other different topics.

Some children may first come across concepts such as a bank, rent, mortgage, investment and show their curiosity, as you can explain it to them.

The purpose of the game is to buy and sell properties, bet, collect rentals as well as try not to go to jail, and don’t run out of money after you have bet all your properties.

This game teaches that sometimes in order to win and reach your goal, you have to take risks and invest.

In this game, your children can learn how to manage their money and how to deal with financial hardship.

The game is for both children and adults and can be played from 2 to 6 players, with most versions suitable for children aged 8+.

 

2. Chess


Although chess does not play with money and property, it has many other advantages.

The strategy in this game is basically something children learn, and they also developed largely their mental activity.

It is up to the parents to decide when to teach their children to play chess, as this game is often played by adults.

One player must be well versed in every move of the chess pawn so that he can outsmart his opponent with only thought and good strategy.

Chess is played by two and has no age restrictions, but it is not an easy game, and for some children even boring.

You can still try your child, he may like it.

 

3. Cashflow 101


One of the best real estate and investing games that have been translated into Bulgarian.

The game teaches children how to handle their own finances, understanding the principles of cash flow, developing investing skills and what decisions to make in real estate.

It includes situations to understand the basics of investing, assets and liabilities, and the importance of managing your finances well.

The game is mostly for people over 14 years of age, but there is a kids version that can be played by younger ones, with 2 to 6 people.
 

4. The game of life


The game is similar to Monopoly, aiming to accumulate the highest net worth as you go through different paths that are part of real-life choices.

It shows kids difficult financial situations from real life and how to deal with them.

It teaches children how to make the right decisions when choosing a career, education, rent and bill payments, losing their jobs, raising children, and investing according to the budget they have.

Suitable for children over 9 years old, with 2 to 6 players.

 

5. Settlers of Catan


A great money management game that is suitable for teaching children how to deal with different situations in life in order to reach their final goal.

Players trade with sheep, bricks and other materials, produce different cereals and expand their lands on an uninhabited island, going through the difficulties and facing other players whose aims are the same.

They exchange or buy the resources they need to make new paths and expand their colony.

The game is suitable for ages 10+ and can participate 3-4 people in it.

 

6. Money bags coin value game


A game designed for the younger ones who can already count.

It is entirely about money, and players need to collect, count and exchange money.

It aims to educate children to know the value of money, and if they do well, they will win.

The game is for children over 6 years of age, and if they are younger but know the basics of maths, it will be useful for them as well.

The appropriate number of players is from 2 to 4 people.

 

7. Co-opoly


Even if it sounds like Monopoly, this game has nothing similar to it and is entirely strategic.

The main thing that teaches children is to work together, and it shows how important it is teamwork, as everyone is losing or everyone is winning.

It is appropriate for children because they do not learn to play against each other, but together, this can make them stronger as they have one goal.

It is suitable for children over 10 years, and the number of players can range between 3-6.

 

8. Modern art


A card game that develops a sense of purchase and profit.

It aims to buy and therefore sell artworks for profit.

After four rounds, the one who made the most money by buying and selling paintings wins.

The game is suitable for children over 10 years, with 3 to 5 players.

 

9. Brass


A great game that brings you back to the past and shows children what it was like, giving them the chance to handle situations hundreds of years ago.

The game allows players to build factories, dig channels, create and develop new technologies, and allow them to judge for themselves what they are worth investing in so that it can lead them to profit.

Children learn how to make the right decision or, if not the right one, at least what they believe in and want, as well as the risk of investing and creating a business.

It is suitable for children over 12-14 years, with 2 to 4 players.

 

10. Stockpile


An economic game, based entirely on strategy, bringing players back in the late 20th century and making them investors.

The game is risky and players need to be careful about what they risk and what they bet on so they don’t end up bankrupt.

Children learn to make decisions and be confident in their choices, whether they are correct or not.

Suitable for older children who are over 13 and can accommodate 2 to 5 people.

 

11. LeadStreet


A game created by a Bulgarian team that teaches financial literacy and develops children’s skills.

Children learn that any decision and action they make can lead to long-term consequences, which sometimes are not very good for them.

After reaching the goals set by the children themselves, they gain confidence and more faith in themselves for future actions by managing their available capital and taking new strategies.

The game is suitable for children over 7 years, specially designed for the needs of 7-10-year-olds.

 

12. Sid Meier’s Civilization: A New Dawn


A video game turned into a board game for the whole family would grab the attention of any kid who adores playing video or computer games.

A game of empires whose leaders each player controls and the goal is to become part of the history, conquering everything and creating historical architectures.

It teaches children to cope with difficulties, thinking logically and how they could overcome any obstacle facing them.

The game can be played by 2 to 4 players and is intended for people over 14 years of age.

 

13. Who am I?


An interesting and fun game for the little ones as well as for the whole family that you can even make it by yourself by printing celebrities or objects or just writing them on a sheet.

The purpose of the game is to take a card and put it on the forehead so that you do not see it, but the one against you see it well.

By asking specific, accurate and clear questions, you can come up with the right answer, with the person against you only answering “Yes” or “No”.

This develops the quality of children thinking and asking logical questions so that they can reach their goal.

Suitable for children over 7 years old, as more than two people can play in a circle, as the game is useful, even for listening and watching.

 

14. Terraforming Mars


A game from the future that aims to bring life to another planet – Mars.

Players accomplish various projects to improve the living standards of the planet and make it habitable while competing with other players.

The game develops the logical thinking of children and how to deal with problems that arise when thinking about strategy.

It is suitable for people over 12 years and can accommodate up to 5 people.

 

15. Escape room


You must have heard of the famous Escape rooms and may have even visited one, trying to get out of it, finding the last door key and open it.

You can now share this game in your home with your whole family as there is a board version.

It includes several logic games that you have to deal with in 60 minutes, like in real rooms.

This game makes kids think under pressure, but still reasonably and logically, helping them work as a team and develop their creative thinking.

There are many versions of the game, some of which include several puzzles.

It is suitable for people over 16 years and participants not less than 3 and not more than 5 people.

 

Conclusion

It is important to share time with your children and to help them develop and build their thinking.

Kids are the easiest to learn while playing, and with these games, properly played, they can learn a lot and develop as individuals.

Not only for children, but games are also extremely suitable for adults because they learn new things, and as one wise thought is: “We learn while we are alive”.

 
Author: Property4You
 
 
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