Play the “Want vs. Need” Game to Teach Kids Money Management

As adults, we struggle with what we want and what we need.

Our bank accounts suffer due to this lack of self-control.

Here’s a simple game to teach kids this lesson in a fun way.

Let them explain their decision, then give them your answer.

This is a great time to talk to your kids about how you decide to use your money.

How you budget for things like food, clothes and fun.

Ask their opinion on the things you buy.

For example, you need cereal, which one would you buy and why?

She points out that it’s okay to have wants.

After all these are kids, and teaching them balance is an important takeaway for later in life.

Check out the link for other ways to teach your children money management.

Teach Kids about Want Vs Need Now to Avoid Debt Later| VOSA

Photo byU.S.

Army Corps of Engineers.