Can Video Games Actually Teach Your Kids About Finances?

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

Transcript

00:00No more video games! You may have yelled at your kids.

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

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

00:14As CNBC highlights, Animal Crossing on Nintendo Switch teaches paying off debt by doing various things like selling fish or weeds.

00:22The price of turnips can also change from day to day, offering a lesson in commodities and the stock market.

00:27There's plenty of free games online, like Peter Pig's Money Counter, Fruit Shoot Coins, and Financial Football and Soccer.

00:34As experts tell NerdWallet, even non-finance themed games may be teaching your kids a thing or two about money.

00:41Discussions like how do you keep your things safe inside of Minecraft can help kids learn about the concept of a bank.

00:48Jeff Haynes of Common Sense Media tells NerdWallet how the money lessons can even start before the game is played.

00:55Kids have to consider how much games cost and why they would consider one over the other.

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