Looking for a new way to teach your kids about financial responsibility? Check out Practical Money Skills – a website designed to help teachers and parents with this exact subject.
The website has several great interactive games for kids, such as:
Money Metropolis – where they set a financial goal and then learn about working for money and choosing to save or spend. For example, family and neighbours are offering to pay you for raking the grass, but you need to have a rake. Is it worth the investment? What about going to the clothing store? It’s a great way to teach about setting financial goals.
Financial Soccer – designed for kids 11+, this game is an actual soccer game, but in order to pass or shoot, you need to answer financial based questions that are categorized by either easy, medium, or hard. We tried out the first level of play, and some of our questions were “Using a Debit Card takes money out of ….”, “If a $50 pair of shoes is 30% off, how much will they cost now?” followed by 4 mulitple choice answers. It was very exciting and interesting to keep playing!
There’s also a Quiz show game where you are aiming to get out of debt by answering questions correctly. Watch out though, because wrong answers add to your debt! I was a little annoyed by some of the Americanisms of a few questions, but all in all a great way to learn!
If you are looking for something more concrete than just games, you’ll be pleased to know that you can also download a complete lesson plan study on finances. It’s called Choices & Decisions. From a quick read through, I’d say that it’s intended for older students. Both teacher’s guides and in-class activities & worksheets are available.
For the younger crowd (gr 2-7), they have a comic book using Spiderman and the Avengers to teach about finances. You can order copies of the comic, and then use the available teacher’s guide to bring the comic to practicality. Learn about budgeting in a fun way – there’s even a printable budget worksheet for kids.