MONEY-MANAGEMENT GAMES HERE ARE SOME WAYS TO USE DIGITAL TOOLS TO CREATE TEACHING OPPORTUNITIES : 1 . TAKE ADVANTAGE OF ONLINE MONEY COURSES AND WORKSHOPS GEARED AT DIFFERENT AGE GROUPS . MANY USE PUPPETS , MUSIC , AND STORY CHARACTERS TO MAKE LEARNING ABOUT FINANCES FUN . 2 . INTRODUCE CHILDREN TO ONLINE BANKING BY SHOWING THEM HOW PAYMENTS , MONEY TRANSFERS , AND OTHER TRANSACTIONS ARE DONE VIA A FINANCIAL INSTITUTION ’ S WEBSITE OR MOBILE APP .
· READ A JUSTMONEY ARTICLE ON HOW TO CHOOSE THE BEST BANK ACCOUNT FOR YOUR CHILD .
1 . HELP YOUR CHILD KEEP TRACK OF PURCHASES BY USING SIMPLE BUDGETING APPS OR SPREADSHEETS . THIS WILL HELP THEM UNDERSTAND WHERE THEIR MONEY GOES AND HOW MUCH IS LEFT AFTER SPENDING . 2 . ENCOURAGE SAVING BY USING BANKING APPS FEATURING VIRTUAL PIGGY BANKS , THERMOMETERS , OR PROGRESS BARS , SO THAT CHILDREN SEE HOW THEIR MONEY GROWS . 3 . EXPLAIN FEES ASSOCIATED WITH ONLINE TRANSACTIONS , SUCH AS SERVICE AND INTEREST CHARGES . 4 . SHOW YOUR CHILD HOW TO MONITOR ONLINE ACCOUNTS SO THAT THEY CAN DETECT UNAUTHORISED DEDUCTIONS OR CHARGES EARLY . 5 . HELP KIDS UNDERSTAND VALUE FOR MONEY BY INVOLVING THEM WHEN YOU SEARCH ONLINE FOR THE BEST QUALITY AT THE LOWEST PRICE . 6 . MAKE THEM AWARE OF SECURITY AND THE NEED TO PROTECT THEMSELVES AGAINST ONLINE FRAUD BY DISCUSSING THE IMPORTANCE OF USING STRONG PASSWORDS , NOT SHARING FINANCIAL INFORMATION , AND RECOGNISING PHISHING ATTEMPTS . 7 . CREATE YOUR OWN VIRTUAL-ECONOMY SIMULATION IF YOU HAVE EXPERIENCE IN PROGRAMMING AND 3D MODELLING . CHILDREN CAN EARN “ VIRTUAL CURRENCY ” BY COMPLETING TASKS , CHORES , OR EDUCATIONAL CHALLENGES AND USE THIS TO “ BUY ” DIGITAL GOODS . 8 . INSTIL ETHICAL ONLINE SHOPPING VALUES BY ENCOURAGING RESPONSIBLE BUYING , SUCH AS SUPPORTING BRANDS WITH STRONG SUSTAINABILITY CREDENTIALS . 9 . ENCOURAGE ENTREPRENEURIAL SKILLS BY SHOWING YOUR KIDS HOW TO USE DIGITAL TOOLS TO BRING THEIR IDEAS TO LIFE AND GENERATE INCOME . TOOLS RANGE FROM GRAPHIC DESIGN APPS TO CREATE STUNNING VISUALS , TO PLATFORMS THAT ALLOW MULTIPLE USERS TO COLLABORATE ON PROJECTS IN REAL TIME . 10 . SET UP A SECURE ONLINE MARKETPLACE WHERE YOUR CHILDREN CAN SELL HANDMADE CRAFTS , ARTWORK , OR DIGITAL CREATIONS . 11 . HELP THEM UNDERSTAND INVESTING WITH SIMULATED SHARE-TRADING GAMES TAILORED TO CHILDREN . THEY CAN ALSO FOLLOW THE SHARE PRICE OF A WELL-KNOWN BRAND SUCH AS DISNEY OR NIKE . 12 . TEACH CHILDREN HOW TO FUNDRAISE BY SUPPORTING A CAUSE THEY ’ RE PASSIONATE ABOUT , SUCH AS RHINO CONSERVATION . THEY CAN CONTRIBUTE TO , OR START , AN ONLINE CAMPAIGN ON A CROWDFUNDING PLATFORM . 13 . GO ON A CRYPTO TREASURE HUNT BY TAKING PART IN AN ONLINE GAME TO UNLOCK A DIGITAL WALLET – OR HIDE YOUR OWN CLUES AROUND THE HOUSE OR NEIGHBOURHOOD , LEADING THEM TO DIGITAL WALLETS CONTAINING SMALL AMOUNTS OF CRYPTOCURRENCY . 14 . INTRODUCE CHILDREN TO THE CONCEPT OF CURRENCY EXCHANGE BY CREATING A DIGITAL PLATFORM WHERE THEY TRADE DIFFERENT TYPES OF VIRTUAL CURRENCIES OR TOKENS . THIS HELPS THEM UNDERSTAND THE FACTORS THAT INFLUENCE EXCHANGE RATES .