Here’s a message from the Texas Society of CPAs – the holiday season is the perfect time to school children in learning the importance of money consciousness, through gifts of affordable toys and board games that won’t break the bank.
Texas CPAs point to a variety of items on the market that teach children – of all ages – how to use money, make change, accrue savings, and manage and maintain accounts.
For example, Loose Change, features cards with nickels, dimes, quarters and half dollars. The goal is to be the first one to have a pile of cards that add up to exactly one dollar without exceeding the value, or the player “goes bust.”
For kids five and older, the Pretend & Play Checkbook with Calculator allows a child to have their own checkbook, write checks, calculate and keep balances of their money.
For older children (and their parents), interested in learning more about the stock market, check out www.oneshare.com. You can purchase a share and order a frame to teach teenagers about the value of money and the incentives for being an investor in the market.
Texas CPAs also reminds those buying presents this year to not forget about the old favorites – Monopoly, Life and PayDay. These board games, while fun, teach older children about real-world financial concepts like insurance policies, bank loans, income tax, career choices and salaries and real estate acquisitions.