Financial literacy is key to understanding how to save, earn, borrow, invest, and protect your money wisely. It is also essential to developing short- and long-term financial habits and skills that lead to greater financial well-being. It is never too young to begin learning these tools.
Playing games is a fun way to learn about finances, managing money, and even setting goals. People of all ages from young children right through adulthood can play a variety of games that teach about finance and money.
The following are only three of the many games that you and your family can enjoy playing while gaining a great amount of essential knowledge at the same time.
1. Coffee Shop is a one-month simulation game where players adjust game settings to earn as much as they can from running a coffee shop.
Players of this game manage their inventory, budget their cashflow, set pricing, adjust their coffee formula, and plan to maximize day to day earnings in part by adjusting their business based on the weather. In this game the demand for coffee goes up in cold weather and the demand for coffee goes down in warm weather.
This game teaches many important aspects of running a business, including:
Inventory: You can buy ingredients in bulk to save, but some ingredients also spoil. In this game you have to manage your coffee, milk, sugar and cup levels.
Strategy: You get to set your coffee formula to manage your ingredient usage and blended cost per cup.
Pricing: You can maximize your profits by adjusting pricing up or down to either boost sales volume or sell ingredients which may spoil at below cost in order to sell them before they spoil.
Predicting Demand: Weather is a great indicator for shifts in consumer demand in this game. The shifts in consumer demand apply both to total demand volume and propensity to pay premium prices.
Reading Consumer Feedback: Many consumers in this game offer price bubbles which indicate if they are happy and what they feel is wrong if they are not.
2. The Amazing World of Gumball Tidy Up is a house-cleaning game for kids. Help Darwin clean the Watterson home and look out for Gumball who likes to ransack already cleaned rooms.
Click on a dirty part of a room multiple times until that part is cleaned.
Click on other dirty parts of the room until they are cleaned. When a room has been completely cleaned an indicator will state the room is cleaned.
Use the arrows to move around the house and clean other rooms.
Click on clocks to add more time.
If you have already cleaned every room in the house visit previously cleaned rooms to see which one Gumball wrecked again and clean it once more.
3. Idle Startup Tycoon is an idle game where you build a startup incubator housing many different businesses.
Upgrade your programmers on each floor to make them work faster & more efficiently. Each business starts with 1 programmer. You get a second at level 25, a third at level 50, and a fourth at level 100.
Hire a manager for each business & upgrade their skill set to get more out of your employees. Your first upgrade for each manager is available after you reach level 25 inside that business.
Automate the server job tasks and upgrade the sales floor to process a higher volume of throughput.
Unlock new floors to build new startups with new lines of business. The bottom floor is the shared sales office. Other businesses include a food delivery app, mobile gaming, ridesharing app, livestreaming app, internet of things startup, infosec, drones, artificial intelligence, and suborbital space.
After playing for a while, you can accept an investment in the business. Doing so restarts the game but allows you to earn faster on the subsequent playthrough.
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Which of these fun games would you like to try?
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