As you know, we recommend that Financial Literacy should be covered early in the Foundational Skills of the child - budgeting as early as 3 years of age and the formal financial literacy at 8-10 years of age.
This helps children understand the value of money (a common complaint). It also helps them grow into adults who are able to manage their own wealth sensibly. Our world is plunging into a jargon jungle - where professionals of every discipline choose to hide behind complex sounding jargon. Therefore, it makes sense to understand the fundamentals as early as our brains can process it.
This helps children understand the value of money (a common complaint). It also helps them grow into adults who are able to manage their own wealth sensibly. Our world is plunging into a jargon jungle - where professionals of every discipline choose to hide behind complex sounding jargon. Therefore, it makes sense to understand the fundamentals as early as our brains can process it.
One incredible learning tool that i have used myself, and now with a 9 year old, is being recommended in this post.
Ladies and Gentlemen, presenting : Capitalism Lab. http://www.capitalismlab.com/
Trevor Chan's cult design makes this among the best business simulation games I have seen - ever.
When we gave this to a 9 year old to play (a year after he finished his financial literacy course), he was able to understand the entire cycle of production - from factories to retail stores, the impact of advertising and sales, and the difference between a profitable business and its opposite. He was able to appreciate the importance of cash flow management (a rare skill).
For every child, we highly recommend Capitalism Lab as an excellent learning tool on how the production cycle works, and of course, money management.
Privacy Rating: This is a single player , offline game that can be played on a PC. There is no privacy or security concern with this game.
Ladies and Gentlemen, presenting : Capitalism Lab. http://www.capitalismlab.com/
Trevor Chan's cult design makes this among the best business simulation games I have seen - ever.
When we gave this to a 9 year old to play (a year after he finished his financial literacy course), he was able to understand the entire cycle of production - from factories to retail stores, the impact of advertising and sales, and the difference between a profitable business and its opposite. He was able to appreciate the importance of cash flow management (a rare skill).
For every child, we highly recommend Capitalism Lab as an excellent learning tool on how the production cycle works, and of course, money management.
Privacy Rating: This is a single player , offline game that can be played on a PC. There is no privacy or security concern with this game.
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