Players take turns moving around the 31-day calendar board and dealing with loan payments, bills, unexpected expenses, cash windfalls, and other financial circumstances until they get their paychecks on the last day of the month.
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With Payday, you can learn how to budget and manage your money on a monthly basis. The impact of taxes, debt, and overspending on net worth.The effects of losing a job, having children, and getting sued.The cost of compound interest and loan payments.The effect of education and career choices on income.What the Game of Life Teaches About Personal Finance: The Game of Life is a great way to introduce children to the complexities of financial decisions and situations they will come across in real life, such as: Both versions are suitable for players ages nine and older. Number and Ages of Players: You can play The Game of Life with two to six players, or enjoy the “Twists and Turns” version with two to four players.
You win the game by accumulating the largest net worth while choosing paths that simulate real-life choices, such as family size and career. Like Monopoly, it is now available in a variety of versions and has been revised several times. Originally created more than 150 years ago, The Game of Life has entertained and educated families for generations. Financial negotiation as cash dwindles and real estate holdings grow, giving players the opportunities to negotiate private mortgages to acquire more cash.Balancing cash flow by earning income (collecting cash as you pass “Go”) and saving.Dealing with financial blows, such as taxes and emergencies.Managing cash or financial transactions.What Monopoly Teaches About Personal Finance: Monopoly teaches players money management and the impact of financial and investment choices and situations, such as: Number and Ages of Players: Monopoly requires two to six players, and is best suited for those ages eight and older. The winner is the player with the highest net worth determined by property and cash. Buy property, mortgage it, collect rent, and erect buildings while trying to avoid being thrown in jail and running out of money.
First appearing in the early 1930s, Monopoly players move around the board, collecting cash and navigating situations assigned by “Chance” and “Community Chest” cards. One of the most well-loved board games of all time, Monopoly is available across countries in many versions and languages.
Some of today’s best money management board games have been popular for years. Fortunately, money management lessons masquerading as games can make learning about finance easy and even fun. Boring educational material on money, credit, and investments can actually discourage people of all ages from learning valuable information that can help them make wise financial decisions.
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