We all know how important the three R’s are in obtaining a complete education, but what about teaching children about other important life skills, such as managing their finances? More and more educators are looking for ways to include education on life skills in the classroom. One great way to do this for young children is through educational toys that impart basic financial principles. Teachers can also make their own free educational games on the subject and incorporate them in elementary school. Educational toys that teach children about managing money can help them build a good foundation for their financial future.
Look for educational toys that have an exciting and hands-on approach to managing money. Forget using a plan old piggy bank; instead, look for games that have kids engage in several different financial activities, such as saving, spending and sharing. Look at toys that are engaging and create your own free educational games based on their winning principles.
Educational toys that teach finances to young children also open the door for families to start discussions about how money works. Using free educational games in the classroom to teach children about prioritizing their needs and wants in terms of finance can also translate into helping them learning about making choices in all other areas of their lives. They will develop confidence about making choices, while forming habits that will benefit them and their community.