Board games have become increasingly popular among Gen Z and young millennials, leading to the rise of board game cafes and bars across the country. With financial literacy often lacking in school curriculums, board games have emerged as a valuable tool for imparting essential money management, entrepreneurship, and investing skills.
Classics such as Monopoly, The Game of Life, Cashflow 101, and Pay Day continue to dominate lists of the top financial board games. However, new games such as Act Your Wage! and Charge Large from Hasbro have also gained traction for their focus on debt management and responsible credit card use. Meanwhile, Risky Deals offers an insightful stock market experience, albeit being hard to acquire locally.
As the holiday season approaches, financial board games have emerged as a meaningful investment for parents keen on enhancing their children’s financial literacy. With this in mind, HACKT!CS, a strategy game designed for 13 to 25-year-olds, has garnered attention for its ability to teach players about mastering money in an engaging format.
One young player, 18-year-old Brayden Bayer, credited HACKT!CS for completely changing his attitude towards money and investing. He shared, “Before playing HACKT!CS, I didn’t know anything about investing in property or the share market. Within a week, I signed up for Sharesies and started investing.” Bayer’s experience reflects the transformative impact that financial board games can have on young adults.
James McFadgen, the owner of Cakes n Ladders in Auckland, recommended games like Acquire and Greed as valuable tools for teaching financial lessons such as risk management and empire building. Recognizing the rising trend, other game enthusiasts have also provided recommendations for games with a financial focus, including High Society, Hoity Toity, Dice and Slice, and Meepleopolis.
Furthermore, professionals dedicated to financial literacy have echoed the value of traditional board games with a financial twist. Kendall Flutey, the co-CEO of Banqer, highlighted the importance of learning through play and expressed her fondness for Monopoly Deal, a fast-paced, card-based alternative to the classic game. Additionally, leaders from organizations such as Sharesies and Sorted in Schools praised Monopoly and the Game of Life for their enduring appeal and educational value.
With an array of financial board games available for young children, including Tactix, InEx, and Credit Church endorsed by the Young Enterprise Trust, it’s clear that these games can offer valuable learning experiences at various stages of development. The trust’s comprehensive guide for age-appropriate financial games is a valuable resource for parents seeking to introduce financial concepts to their children from an early age.
In conclusion, financial board games have emerged as an engaging and effective tool for teaching essential money management skills to young adults. As the interest in board games continues to grow, these financial games provide an interactive and enjoyable way for the younger generation to develop a deeper understanding of finance, setting a strong foundation for their financial future.
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