Top 5 Personal Finance Games for High School Students to Improve Their Money Skills

Money management is an essential skill that students need to learn early on in their lives. It’s important that they understand how to save money, spend it wisely, and invest it for the future. However, the traditional methods of financial education often fail to grasp the attention of high school students.

That’s where personal finance games come in. These games not only make learning about money fun and engaging but also teach important financial concepts that are crucial for sound financial management. In this article, we’ll discuss the top 5 personal finance games for high school students that will help them improve their money skills.

1. Smart Money Moves

Smart Money Moves is an award-winning game designed by the National Endowment for Financial Education. The game focuses on financial decision-making, taught through a simulated journey of financial life. The game provides a lot of information on budgeting, credit score, and student loans, all wrapped up in an interesting storyline.

Students start by selecting a character and then making life decisions, such as choosing a career and housing options, managing finances, and grabbing opportunities to earn more money. Each decision leads to a sequence of events, which result in financial consequences- good or bad. They can learn from their mistakes and gradually improve their financial acumen.

2. Payback

Payback is an interactive game that helps students navigate the college and career planning process. The game uses a variety of learning methods like self-assessment, informational videos, and mini-games to simulate financial scenarios related to higher education.

In the game, players take on a post-secondary education in hopes of graduating with a high-paying job. As they progress through different scenarios, they learn about financial aid, student loans, and the importance of making the right choice for their future. The game makes learning about college costs more exciting, and players can learn how to compare loan options to make informed decisions.

3. The Game of Life

The Game of Life is a classic board game that has been around for over 50 years. It allows players to live out a simulated life journey by selecting a career, getting married, buying a home, and raising a family. The game introduces players to real-world concepts such as investing, insurance and dealing with unexpected situations.

It’s an excellent way for high school students to learn about the reality of managing money in their adult life. Unlike other games, players compete with one another to achieve their goals, which makes it even more fun and engaging.

4. Financial Football

Financial Football is a fast-paced game that combines the excitement of football with financial education. Developed by Visa in partnership with the NFL, the game allows players to answer finance-related questions as they progress down the field.

Players earn yardage by correctly answering questions based on financial situations such as investing, taxes, and budgeting. Additionally, the game offers intermediate and advanced levels, making it suitable for all age groups.

5. Farm Blitz

Farm Blitz is an amazing game created by Bank of America. It is a fast-paced game that encourages players to earn lots of profits while running a successful farm. The players learn important financial skills through a fun storyline of planting and harvesting crops while managing their finances.

The game teaches students about managing a budget, smart investments, and monitoring financial progress. It’s an interesting way to learn critical concepts that extend beyond farming, making it an excellent choice for high school students.

Conclusion

Personal finance games are an excellent way for high school students to learn about money management and make it a lifelong habit. These games not only make learning fun and engaging, but they also improve the financial literacy of young minds. Encourage your students to play these games and watch them improve their money skills in no time.

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