Monday, February 11, 2013

Monopoly helps teach kids about personal finance

  • Managing a finite amount of money

  • How to make change
  • The bank always has more money than you do
  • Paying rent is inevitable
  • Mismanagement of your money can lead to excessive mortgages and ultimately bankruptcy
  • It’s hard to avoid the tax man
  • Some financial deals can improve your immediate situation but harm you in the long run. (Note: never let me get Boardwalk and Park Place, no matter how sweet I make the deal sound.)
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