Here are some excellent toys and games that will teach your kids about money, some of these are really unique and will help your child learn more about business and entrepreneurship.
Money Management Games
The best one is Monopoly Electronic Banking Game from Hasbro. Your child will learn to collect rent, buy property, pay fines, using bank cards, and a clever electronic unit that mimics a real card reader device.
PayDay is another option in case you already own Monopoly.
ATM and cash register toys
Learn money management and saving skills with these toys. The Hammacher Schlemmer Institute lists this ATM toy as the best one to teach children about money management skills.
This one is a sophisticated toy that displays the amount on the screen when kids deposit real coins and bills in the ATM. The toy even comes with an ATM card and a pin allowing kids to check their account balance, make deposits, and withdraw funds.
If you’re looking for something simpler and for younger children, check out this bestselling cash register on Amazon.
Schools arm kids with biz skills, fuel teen start-ups
Schools are doing their best to instill in students skills that would be on an entrepreneur’s must-have list.
- Making code words is giving way to computer coding
- Summer camps have been lost to hosting bazaars
- Incubators are up alongside phonetics labs
- Negotiation classes start in elementary school
School start-ups are putting teenagers in fast-forward mode.
- Columbia business school regularly travel across schools to hold global entrepreneurship courses. They conduct courses that equip students with skill sets that will help them start their own ventures.
- Before going for summer holidays, students set up markets to sell their home-made produce.
- In several schools, there are clubs run by students that sell products such as lemonade and the proceeds are then given to charity.
- Some schools run social media campaign consultancy exclusively for start-ups.
- Other schools are planning to bring entrepreneurship learning programme to their students.
Funtoyworld is a family-managed website with me (Ben), and my wife doing most of the work. We are proud parents of two wonderful kids and love reviewing toys. We have a firm but friendly “democratic parenting” style and offer several practical suggestions backed by extensive research. Our own experience with raising two children prompted us to share our knowledge. Read more.