The Monopoly game board is a great game that helps children read and count (using money and the dice, just like other money games for kids) and that can also teach them about money and finance. With monopoly children count, add, subtract, and complete transactions (they have to count change). They also learn about saving, budgeting, investing and spending responsibly. The traditional Monopoly game board needs no introduction but what are the benefits of this game for school age children (ages 6 and above)? Not only does Monopoly help children enhance their counting skills, it also helps them understand the value of money and how decisions that they make in their lives can have an impact on their financial position in the future.
In Monopoly children have to use logic, strategize and think very carefully before making any decisions that could affect their future. Monopoly also teaches children that luck plays a role in their financial success. Therefore they have to take into account good (and bad luck) in their financial decisions and not hesitate to gain from a stroke of good luck (or from a good opportunity).
The Monopoly board game also teaches children how to deal with other people and especially it teaches them that sometimes helping others can be beneficial. There are many situations in the game where players have to help or strike a deal with other players. As you know, Monopoly also has a space called prison. It basically teaches children that trying to cut corners and being dishonest can lead to jail. Monopoly also teaches about patience and investing early. And how investing early can lead to high rewards in the future. Finally, the Monopoly game board also educates about the dangers of excessive borrowing and how excessive debt can lead to financial disaster.
Monopoly Game Guide
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The Monopoly board game comes in many versions and with different themes. There is also a version specifically designed for elementary school age children called Monopoly Junior Edition. We actually recommend this version for younger children because it is a scaled down version meaning it has a smaller board, smaller denominations of money (between 1 and 5 dollars) and most of all, fewer rules so that it is easy to understand and play. Smaller denominations are great as in real life a young child will only deal with small amounts of money. Monopoly Junior Edition takes place in a theme park, and the game consists in buying different attractions and collecting ticket fees for each attraction. The player that ends the game with the most money wins. In this game kids count money and spaces, and they make change. Overall one of the best money games for kids before they move on to the traditional Monopoly game board.
Therefore, Monopoly is more than a money game for kids that can help children practice counting. This game also teaches about investing and the value of money noting that many children grow up without a good understanding of money. Above all, the Monopoly board game is a really fun family game that can be enjoyed by both adults and children.