Ever forget your child's allowance?

MoneyTrail automatically keeps track of allowances and keeps you organized.

Every Dollar Counts!

Teach your child to keep track of their money. It reduces impulse spending.

Finances shouldn't cause headaches!

Practicing money skills when young can lead to stress-free, responsible finances as an adult.

Wednesday, July 17, 2013

11 Board Games that Teach Money Skills

If you have kids, you have probably been asked to play a board game with them at some point.  Board games can provide an evening of family entertainment and can also initiate discussions of financial concepts in a relevant manner for kids.  Here are eleven great board games that incorporate basic financial topics.

1.  Monopoly - No list of board games would be complete without Monopoly, the world's most popular and best selling board game.  Buy & sell real estate, collect rents and rush to pass Go so that you can get your $200.

2.  Life - Another classic game!  Your goal in "Life" is to avoid bad luck and makes some money.  Along the way you can earn bonuses by doing good deeds and helping your community.  You win by retiring with the most money.

3.  Payday - A personal favorite of mine from childhood!  The Payday game board is set up like a monthly calendar and you must get through the month to get to your payday.  The month is full of financial bonuses, such as winning the lottery, and financial pitfalls, such as extra bills or bad investments.  You play as many months as you like and whoever has the most money at the end, wins the game.