Everyone wishes they had good habits with money. But not everyone is given with this skill. Good money management is as hard as you can imagine. So how can a person learn to manage their money when they spend every penny? The solution is now available. Since we live in a digital era, practical money skill games are the digital solutions for all your money managing doubts.
If you can’t manage real money, then you can start off by managing digital money. For this, there are so many practical skill games out there that’ll help you develop your managing game.
And they’re called practical money skill games. They help you gain financial literacy that will help you gain more information about money and how to manage it.
So without any further due, here are these top 6 games to help you out:
Cashflow 101
If you’re familiar with the book “rich dad, poor dad” and its writer Robert T.Kiyosaki. Then you’ve probably heard of this game before. It was created by him in order to help the players understand the principles of cash flow only by gaming.
It’s supposed to help you build some financial literacy so you can start investing and making decisions. The game is for players who’re are 14 y.o and older so they can understand the game thoroughly.
If you’re looking for a game with the same concept but is suitable for younger people then Cashflow for kids game is there to help you.
Why try this game? It’s simple. This game will help you learn the basics of investing. It will help you learn to differentiate between liabilities and assets so you can spend less money.
It will also help you understand basic personal accounting and how to make investment decisions. And it’s suitable for all ages whether you’re a teenager or an adult.
Monopoly
Now, who’s not familiar with this one? I believe it’s impossible not to recognize this one. It’s available in almost all countries in many different languages and in different versions.
It’s a much-loved board game, it was created in the 30s, and since then it met a huge success. Anyone can play it no matter their age range, whether you’re a child (8 years old) a teenager or an adult. You can play it with your family, friends or anyone.
To play this game you must move around the board, collect cash & do the missions assigned to you by cards. The decisions range from collecting rent, buying properties and so on.
What’s good about this game is that it teaches you how to manage dash, deal with taxes and emergencies, save money and how to invest. Two to six can play this game together, and the more people the fun it is.
But as much as it is fun, it is educating.
Charge large
Charge large is a financial game that’s been created in 2007 and launched in late 2009. It’s a game based mainly on credit cards, to win this game you must keep upgrading your credit card until you get an elusive black credit card.
But you must maintain a no-debt state and have $2500 or more in cash, by maintaining this challenge players learn how to use credit cards responsibly without buying liabilities.
To play this game you must be 12 years old or older, so it can be played by adults as well. With this game, you’ll be able to learn how to build a credit rating, avoid credit debt when you don’t have money to pay it.
It also gives you a small glimpse of how your life would be if you keep creating debt and have to pay interest and so on. Having a full credit card can be so tempting because it’ll keep pushing you to buy more and more, so if you can’t manage your credit card well, make sure to upload this game.
Financial Football
If you’ve read some finance book and grew your literacy, then you’ll be tempted to try this game. The financial football is an online simulation game created by visa an NFL ( National Football League) which puts your financial and money knowledge to the test.
It’s an interactive game which helps you learn how to manage your money and challenges your information with a series of the question, to play this game you’ll have to choose your team and start answering the question to score touchdowns and be able to play.
It’s available on Android and iOS, so whatever phone you have you’ll be able to play it, have fun, and learn and develop your financial skills.
The game of life
Now, this is a classic. You just cannot ignore this piece of art. The game of life exists now for more than a century, it has undergone several changes and now has many different versions just like Monopoly.
It’s available and can be played by all ages and is best played when in the family. To win this game all you have to do is gather the largest net worth by choosing the right paths that will enable you to win large sums of money.
The game of life is not only a fun family game, but it’s also a great way to help your children learn about finance and money management. It’s a great way to learn how to manage income, how to invest, the impact of every choice you make and how taxes and debt can change your life.
It’s a wholesome game and should definitely be on your game list.
Payday
And last, payday, if these 5 games didn’t pick up your interest, then I’m sure this will. It’s a practical money skill games that is suitable for all ages, from 8 years old and older and it’s best played with two to four players.
It will help you learn how to manage money around 31-day calendar by dealing with bills, loans, unexpected charges and so on. You’ll have to deal with these with your own money and still save when you get your paycheque by the end of the month.
You can choose how many days or months you get to play this game, and if you’re there to win it then you have to collect as much money as you can to get a high net worth. In no time you’ll find yourself able to budget and so many other things.
These were all the practical money skill games that we found interesting and that are a must try for anyone that is keen on learning financial tricks and that has a passion for money. If you’ve got any other games to recommend then leave them in the comments.
