Monday, February 11, 2013

Monopoly teaches kids about personal finance

Monopoly is a great and fun way to teach your kids about personal finance, here are some of the things that it teaches you
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.)

No comments:

Post a Comment