Financial Board Games

It was in 1928 that British archaeologist Sir Leonard Woolley discovered the oldest known board game in the Royal Cemetery of Ur in southern Iraq, dating back to 2,600 to 2,400 BC. Today, board games are common and are enjoyed by a majority of individuals. However, there are many board games that not only provide fun but also help with learning. Some board games are designed with a financial learning perspective, helping the users learn finance while having fun with friends and family. If you are looking to play games with your friends and family but with a finance twist, money-related board games are for you.

This blog will help you learn about the best financial board games so that you can choose the best one to know about finance the way you want and increase your financial knowledge.

• Financial board games are a type of board game that provides financial knowledge through fun activities.
• You can play financial board games with your friends and family to infuse a sense of financial discipline.
• There are numerous physical, financial board games you can buy physically, along with some online financial board games you can play. 

Here are the best financial board games to play if you want to learn about finance and investments:

Monopoly

Monopoly is one of the most popular games worldwide. It starts by providing the same amount of money to all the players. The players are required to use the money and aim to buy, trade and develop properties to try and bankrupt the other players. Monopoly is played by rolling a dice, and players buy properties they land on. If another player owns the property, they are required to pay rent. The game includes houses, hotels, Chance cards, Community Chest cards, and strategic use of cash flow. The game teaches about efficiently utilising limited funds, balancing income, investment, savings and maintaining a positive cash flow.

The Game of Life

As the name suggests, this board game mirrors a person’s journey through various stages of life, such as getting an education, getting a job, getting married, having children and retiring. The game includes spinning the wheel and making decisions for every stage of life to the best of the player's abilities. The main aim is to have the highest possible assets at the time of retirement. The game teaches us effective decision-making, asset accumulation, and retirement savings.

Cashflow

Cashflow is a financial education board game created by Robert Kiyosaki, the author of Rich Dad Poor Dad. The game lets players earn income, manage their expenses, and invest the money in stocks, businesses, and real estate. The main idea behind the game is to earn so much passive income that it exceeds your expenses so that you can increase your overall wealth. The game teaches us about money management, investing and strategic decision-making.

For Sale

For Sale is a unique auction-based game where players are required to act as real estate investors to buy and sell various properties. The game has a buying and a selling phase. In the buying phases, players bid on various properties to acquire them at the lowest possible price. In the selling phase, players sell the acquired properties with the aim of getting the highest price. The game teaches us about financial strategy, bidding and maximising profits

There are numerous financial board games you can play online. Some are:

Practical Money Skills

This website includes numerous financial games such as Financial Football, The Payoff, Cash Puzzler, etc. The games can help you make better financial decisions.

Mindblown Life

This game simulates social life, where players become avatars and choose a profession to be carried out in a virtual life. The game can increase your financial understanding.

Bite Club

Bite Club is an online vampire-themed game in which players take on the role of vampires managing a nightclub. Players have to keep the vampires happy by managing resources. The game helps in strategic decision-making and better resource management. 

Financial literacy is one of the most important factors in today’s world as financial discipline becomes the key to a burden-free financial future. Financial board games allow young players to infuse a sense of finance from an early age, where they can learn about financial discipline, strategic decision-making, and the importance of savings. Going forward, you can include these best financial board games in your life or introduce them to your children to help them understand finance in a fun way.