Parents who teach their young children about saving money provide the foundation for an important lifelong habit. Starting early teaches children that discipline is required to turn dreams into realities. Parents can begin by encouraging children to set a goal for something they want and save their money to achieve the goal. Board games, computer games, or fun games you create with your children can provide real-life scenarios for practice.
Fedville
Fedville is an Internet-based game provided by the Federal Reserve Bank of San Francisco. Fedville is a virtual town that teaches children about saving money. In Fedville, kids work, earn money and open savings accounts. They have opportunities to make choices, to save or spend, and to experience the consequences of their decisions.
Planet Orange
Planet Orange is an Internet-based game created by a financial services corporation for children in the first to sixth grades. The planet is a complex world where kids learn basic money skills. Players use the interactive game to learn about earning and spending money, as well as saving and investing it.
Popular Board Games
A few popular board games use play money and require players to purchase land, open savings accounts, decide how to spend paychecks, or make decisions about life that impact their finances. Use the games to stimulate conversation with your children about financial decisions and saving money. Alter the game rules to increase the focus on saving money--or create your own board game based on the popular games.
