Did you know that January is Financial Wellness Month? According to recent financial education surveys, 3 out of every 4 Americans say they aren’t saving enough, only 59% of young adults between the ages of 18-21 pay their bills on time every statistics, it’s more important than ever to start early in teaching the value of wisely handling money and investments.
Luckily, the internet makes teaching healthy money habits easy and there are a number of games and tools available, from simple math games to financial quizzes that advise about fraud and investments. Below are some of our favorites that we think can really help support students in their growing knowledge of financial health.
Money Math Games: When students are young, it can be hard to explain the details of interest rates and sales tax, but using relatable games can help bridge that understanding gap. These online money games at Math-Play.com range from counting money from a register, to calculating simple interest rates, to identifying financial vocabulary words.
Financial Football: Sponsored by Visa and the NFL, this game allows you to control a football game through the answers you give to various financial questions. The pacing is quick and has a range of difficulty levels, from questions designed for 11-14 year olds to those aimed toward college-aged students.
Fraud Scene Investigator: While the story itself may have moments that feel a little dated, this interactive story about a girl uncovering investment fraud is extremely fun, educational and easy to follow. As you crack open the case on “Suitable Investments,” you learn terminology and details about investing that even some adults may not know!
What do you use to help teach your children the basics of finance? Let us know in the comments below!
Want more articles about family finance? Try FCU's Planning Ahead Guide: College Spending Prep