Many years ago now, my then 3year old son was asking me to buy him a treat. I explained to him that I had no money and he promptly asked to see my purse. So I opened my purse (strategically so he couldn't actually see my money!!) and showed him. The words that next came out of his mouth... "just use the card Mummy". It get's me thinking, how do we teach our kids responsible habits with money? Particularly in the era of an almost cashless society that our kids are growing
A great way to teach kids about money is through play because it is fun and they generally love doing fun stuff WITH YOU! Games help kids learn to think and work out the best way to manage money. They will have to complete tasks to 'earn' money and they will need to plan whether to spend or save. Children are also encouraged to ask questions and hopefully probe further. A couple of great board games for teaching kids about money are Monopoly and The Game of Life is another.