Teaching Kids About Money: Educational Money Games for Kids
Teaching Your Kids About Money
How to Teach Kids About Money
As a parent, you may be wondering how to start teaching your kids about money. There are several different educational money games that are not only beneficial in the academic sense but also fun enough to keep your child's attention throughout the learning process.
So when do you introduce your child to these educational money games? I believe that you should start these lessons during the preschool years. The introductory level money games will help your child to identify the different coins and their values. Once they master these skills, you can move on to the secondary games which allows the child to test his or her new knowledge while having fun with role play.
My experience with my own children has always shown me that they learn best when they are playing games and having fun. Below is a list of fun and educational money games that I used with my own boys to teach them the different aspects and fundamentals of money.
Introductory Money Games for KidsClick thumbnail to view full-size
Educational Money Games for Kids - Introductory Games
The first step to teaching your kids about money is to get them familiar with the different coins and their values. For my boys, we worked solely on the penny, nickel, dime, and quarter but feel free to add half dollars, dollar coins, and dollar bills if you wish. Here are three different educational money games to introduce all the different coins to your child.
- Sorting and Stacking - Empty your child's piggy bank. Ask your child to sort the coins into separate piles. Be sure to point out the difference in sizes and values of each coin. Once he or she has the coins sorted into piles, ask your child to stack the pennies into stacks of 5 and explain one stack makes a nickel. Then ask your child to stack the pennies into stacks of 10 and explain this stack makes a dime and so on. This game helps your child to be able to start counting by 5's and 10's which will lead into being able to count correct change.
- Coin Flashcards - Tape or glue all the different kinds of coins you are teaching to index cards. Display the front of the coin on one card and the back of the coin on another. Have your child identify each coin and their value. Point out the different pictures on each side of the coin and show how the size differs from one another. Once they can identify each coin, you can use these cards to play a matching game. Shuffle the flashcards into a big pile and have your child match the front and back of each coin. If he or she makes a match, then ask for the correct name and value of the coin.
- Coin Memory - Tape or glue two of each coin to index cards. Put the cards face down on the table just as you would for any memory game. Have your child draw 2 cards. If he or she is able to make a match, ask your child to state the name and the value of the coin. If the cards are not a match, turn them back over and let your child try again.
Secondary Money Games for KidsClick thumbnail to view full-size
Board Games to Teach Kids About Money
Educational Money Games for Kids - Secondary Games
Once your child masters the introductory money games, you can move on to the secondary games. Your child will enjoy figuring out what kind and how much money they will need in this pretend play world. Here are three more fun and educational money games to play with your child.
- Candy Store - Set up a pretend candy store in your home. Price several different pieces of candy for purchase. Start with easy price tags such as $0.01, $0.05, $0.10, and $0.25. Give your child a bag full of coins to purchase the item of his or her choice. Have your child give you the correct coin to pay for the item. Once your child gets the hang of this game, he or she can move on to buying more items at a time or you can increase the price tags for a more challenging game.
- Go Fishing - Cut out fish from construction paper. Attach price tags to each fishtail with a paper clip. Find or make a small size fishing pole with a magnetic end for a hook. Give each child a bag full of coins and instruct them to go fishing in the pond. For our pond, we used a blue, disc-shaped snow sled but other ideas for the pond include a large bucket or bin to keep the fish. After catching a fish, have your child pay the correct coin for their catch of the day. To make this game a little more advanced, increase the price tag of the fish to see if your child can make the correct change.
- Bank Teller - Set up a pretend bank in your home with a toy computer/laptop and some change. Make out pretend checks using simple amounts such as $0.01, $0.05, $0.10, and $0.25. Let the child be the bank teller and tell them you are there to cash your $0.25 check. Help them pick out the correct coin to give. To play a more challenging game, try cashing multiple checks at a time or increase the amounts of the check to see if they can make the correct change.
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The Importance of Teaching Kids About Money
Teaching your kids about the fundamentals and value of money can be fun and educational at the same time. Start out slow and work your way to the more challenging games. Keep the learning going by allowing your kids to pay for the bill at the restaurant or having them make the deposit at the bank.
By playing these types of educational games with your kids and letting them participate in real life situations, you are teaching them the value of money and the important role it plays in our everyday world.
I hope you have found some fun and educational games to start teaching your kids about money. Do you have any other games or fun ways to teach children about money? Feel free to leave your ideas or any other comments in the section provided below.
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