How video games can level up kids’ money skills
How video games can level up kids’ money skills
How video games can level up kids’ money skills
By Kimberly Palmer
September 10, 2021
Summary
Financial literacy experts also say that whether kids really pick up money lessons through video games depends largely on how parents talk with them about their online experience.
How to build a financial safety netIn his online classes, Mazzu raises the issue of how to keep money safe with his students.
The rewards and challenges of being an entrepreneurLaura Vanderkam, author of Off the Clock and mother of five children under 15, says her kids picked up money lessons from the Roblox game Theme Park Tycoon, where players build and run an amusement park.
The value of moneySusan Beacham, CEO and founder of Money Savvy Generation, a financial education company, warns that video games often emphasize superficial purchases, like virtual decorations or dressing an avatar.
How to budget and make trade-offsJeff Haynes, senior editor of web and video games at Common Sense Media, a nonprofit that promotes safe technology and media for children and families, says the money lessons can start even before the game is played.
Kids have to consider how much games cost and why they prefer one game to another.
For his part, he told me he thinks this strategy is working: "It teaches me not to use up too much Robux, and in Tycoon games, I learned how to save up for really expensive things."
Reference
Palmer, K. (2021, September 10). How video games can level up kids' money skills. Retrieved November 05, 2021, from https://www.tampabay.com/news/business/2021/09/10/how-video-games-can-level-up-kids-money-skills/