How Your Kids Can Learn About Finance From Video Games!

PennyGem’s Elizabeth Keatinge tells us how kids can learn about money through video games.

Transcript

00:00 [music]

00:04 "No more video games!" you may have yelled at your kids.

00:07 Well, depending on what they're playing, you may want to encourage them to play.

00:11 There's plenty of games that teach financial literacy.

00:14 As CNBC highlights, Animal Crossing on Nintendo Switch teaches paying off debt

00:19 by doing various things like selling fish or weeds.

00:22 The price of turnips can also change from day to day,

00:25 offering a lesson in commodities and the stock market.

00:27 There's plenty of free games online, like Peter Pig's Money Counter,

00:31 Fruit Shoot Coins, and Financial Football and Soccer.

00:34 As experts tell NerdWallet, even non-finance themed games

00:38 may be teaching your kids a thing or two about money.

00:41 Discussions like "How do you keep your things safe inside of Minecraft?"

00:45 can help kids learn about the concept of a bank.

00:48 Jeff Haines of Common Sense Media tells NerdWallet how

00:51 the money lessons can even start before the game is played.

00:55 Kids have to consider how much games cost

00:57 and why they would consider one over the other.

01:00 (upbeat music)