Mortgages, investments, loans all things that are part of the real world that no one really wants to think about; but how do you learn and teach finances? CASHFLOW is a new board game designed to help you teach your teens about investing and being financially smart.
Eric and I opened up the game last night to play it. When we saw that there was a free App that you could get to help keep track of your money and assets, we both quickly downloaded the App. When we play with our kids when they are a little older, the game is recommended for 14+, we will probably go back to the paper and pencil method, as it will be good practice adding and subtracting.
|Getting the game all set up|
CASHFLOW helps you learn how to deal with real life financial situations, without risking your own money. The CASHFLOW board games teaches you how to invest and acquire assets, it is more than just keeping a budget. CASHFLOW was created by Robert Klyosaki, the author of Rich Dad Poor Dad, the best selling personal finance book of all time and Kim Klyoaki, author of Rising Time.
To me it seems like a game that would be awesome for even a high school or college class to help teach the lessons beyond budgeting that many don't know. We are already trying to teach our kids the importance of money and money management skills, but how in life do you learn how to move above just keeping a budget but learn how to be financially stable and successful with sound investments?
|The App and the Game work great together|
I am happy to report, the second time we played I was a lot more wise with my money and ended up winning the game.
The game is recommended for 14+, but I think with our help that my 10-year-old could even play it. I think we will let him use the App at this point, as the App really does work flawlessly with the game and makes it faster to play. I feel we would have to do a lot of instructing and strategy help, but isn't that the whole purpose, helping us as parents to do our job teaching our kids how to make sound financial decisions.
|Scree shot of the App|
**Right now you can get 10% off your purchase of CASHFLOW by using the code: CASHFLOW at checkout. ***
If you purchase the game, I would love to know what you think of it. Do you have any tips for teaching finances to your kids?