The 15 Best Ways to Teach Your Kids About Money

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4. Fake Money, Real Practice

Board games are a great way to let kids practice spending and saving with play money. Monopoly, the Game of Life, Moneywise Kids and Payday are great choices. These games put kids into real life situations where the money decisions you make determine whether you win or lose. Once you feel like your kids are up to speed with play money, try this next tip to give them a taste of the working world.