Finance games for kids refer to games that help teach children about financial concepts in a way that is interactive and fun.

The reason these games are not only educational but also fun is because they are made with an understanding of the developmental needs of young learners. This can be seen in the cognitive skills that they develop, such as critical thinking and creativity. 

Top Finance Games For Kids

1) The Allowance Game

This game is for individual players and aims to develop saving and investing skills. 

Instructions:

a. The first step is choosing an amount of money that each student will be given to start with, which could be determined by each student having a specific dollar amount or a specific number of quarters. 

b. The next step would be giving them assignments (or jobs), such as picking up the mail, taking out the trash, etc.

c. For the final step, the student will be asked to give a presentation of what they have done. 

Learning Concepts:

• Basic math skills can be used, such as math addition and subtraction.

• Budgeting and budgeting skills are learned by students in the game.

• Organization, planning, and attention to detail can be improved through playing this game. 

2) Cash Flow for Kids

This game is for groups of kids and aims to develop skills in budgeting and saving habits, while also developing teamwork.

 

Instructions:

a. The teacher needs to determine how many kids will be in each team and then decide on how much money each student will receive. 

b. Each student should have a piece of paper and a pencil or pen, as well as any other supplies that they need to accomplish the task. 

c. For the first task, the students should get a list of items that need to be bought (such as school supplies, books, etc.) 

d. For any subsequent tasks that need to be completed within a specific number of days, the students will allocate each task and record how much money they have allocated. 

e. After all of the tasks have been completed and finished on their papers, they can share their paper with the others in their group so that they all know how much money they have committed to accomplishing each task.

Learning Concepts:

• Students will learn how to budget their money. 

• Students will develop a sense of commitment, teamwork, and organization, as well as problem-solving skills. 

• Students will appreciate learning about the value of saving money.

• Students will develop an understanding and appreciation of the value of saving.

• Students can appreciate the amount of work that is required to save and invest money.

3) Cover Your Assets

It is a fast-paced game and kids will not be able to put down the game.  This game aims to teach the importance of saving and investing, while also developing financial skills. 

Instructions:

a. A student should first take out all of his or her money, as well as identify any bank accounts that they might own. The student must note how much money they have in each bank account. 

b. The student must now take out a newspaper or other media that has a large amount of money on it and have the student circle where the money is. Then, the student should ask another student to put all of the bills into their designated safe place. 

c. The same thing needs to be repeated with two more newspapers, but this time they will be given $10,000 each instead of $100.

Learning Concepts

• Saving is important and the student will be introduced to the concept that money can be saved by putting it into a bank account. 

• The student will learn the concept of investing and how much it is worth. 

• It is important to have a safe place where money can be placed, as well as to keep in mind where bank accounts are kept.

4) Money matters

This game focuses on the Christian concept of tithing. The aim is to bring this concept to a younger generation for them to understand how important it is for every Christian to give 10% of their income away. This game can be played by as few as two players up to ten.

Instructions:

a. This game will be played between two teams with each team receiving different amounts of money that they have accrued throughout a certain number of days (from one week up until a year). 

b. The teams will then be asked to give a certain amount of their money to God, which is referred to as tithing.

Learning Concepts

• Saving is important and the student will be introduced to the concept that money can be saved by putting it into a bank account. 

5) Ice Cream Empire

This is a competitive game where kids are trying to come up with an ice cream franchise in the U.S. This game can be played by as few as two players, and up to ten. The aim is to build and operate an ice cream shop or franchise while keeping the business profitable and growing.

Instructions:

a. This game will be played between two teams with each team receiving different amounts of money that they have accrued throughout days.

b. The teams will then be asked to create and run an ice cream shop or franchise while keeping their business profitable.

c. This game will help them learn the basic concepts of finance, such as the time value of money, working capital management, and more. 

Learning Concepts

• The game will show you that financial literacy is not boring.

6) Payday

This game requires 3-4 players. Parents can play the game alongside their kids. The aim is to help make students understand the importance of taking time off during the Summer when they have time off from school. 

Instructions:

a. The three players can start earning as much as they can and then saving it all up, but not spending it all at once. 

b. The other players do not know how much money the first three players have saved. 

c. If the first three players want to earn more money, they can ask for it from the other players, but only if they can afford it.

d. Once all of the money has been saved up, all of the players will receive their salary for the entire Summer break, and then they can use that money to pay their bills and take holidays during their Summer holidays.

e. The players will have to look at their bank statements and make sure that they have enough money to pay their bills before going back to school in the Fall.

Learning Concepts

• It is important for children to understand that it is good to save up money and not spend everything in one place. 

• This game will take the players into a time management role, as well as an understanding of budgets so they do not overspend. 

• The students will learn the importance of time management and planning. 

Finance games for kids are a simple and fun way to teach children good financial habits at a young age. By playing these games regularly with your children, they can develop healthy financial habits and see the importance of saving money and sharing it with others.