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You want to develop your financial brain children? Use this game

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You want to develop your financial brain children? Use this game - Council

I wanted to remind everyone of a single financial education tool but very effective :. Monopoly

There are few better lessons in life that ON- job training. Monopoly is a great tool for simulating financial lessons. I recommend that you expected a rainy day to get the popular board game, but that day, you will find tons of excitement for children of all ages.

The inherent financial lessons in the game include:

Math and counting: in our house, there seems to be a lot of competition for knowledge happens to be the banker. A child's change that makes the stone really fly their math skills. And for younger players, they get practice counting the spaces after each roll

Budgeting :. As a child develops strategies their way through the game, they eventually learn that buying all the property they land on is usually a quick way to nowhere.

If a player spends his time buying the railways and construction on properties such as the Baltic and Mediterranean Avenues, they usually will run out of vital funds later in the game.

There is no doubt that the Monopoly game can pay big dividends in the development of the financial brain of your child.

also delayed gratification concepts are taught when they are waiting for "Go Go" and collect $ 0 before making that buying a house on property they own, which becomes a strategy they will take with them for life

Investing :. investment in the property. and strengthening of these properties

risk / reward: Sometimes it makes sense for a player to stretch financially in the short term to reap long-term gains on your investments. Landing on Chance or Community Chest adds to the unknown

Chance :. Cash windfall to land on "Free Parking" is a common addition to the rules that some players choose to add. Many large strategy was spoiled with this huge pile of money in the middle. There always seems to be that lucky person who lands the perfect roll just before landing on Illinois Avenue of opposition with two hotels on it.

Guess what? This is real life. He called the lottery and legacy and we're all going to meet someone in life who has been blessed with such luck found wealth they landed on

Bankruptcy "free parking" .: a great lesson is learned when a defenseless player is short of cash and must start selling properties to the bank just to hang. We have all heard countless stories of people who had to go through this exercise after the Wall Street collapse in 08 just to be able to make things meet.

There is no doubt that the Monopoly game can pay big dividends in the development of the financial brain of your child.

you can even make it more interesting if you go on vacation somewhere like most destinations have their own version of Monopoly, which will serve as bait amazing historical monuments of your holiday destination before takeoff travel. You will probably find your family doing Monopoly references throughout the trip, too.

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