Full disclosure: this article is financially supported by RichDad. All opinions are my own. Thank you RichDad for helping me and my family learn to be financially savvy.
Why I’m Teaching My Children About Managing Money Now With the CASHFLOW Board Game
I learned things the hard way in my mid-twenties after I was left with too much debt to pay off on my own after an unexpected divorce. I was in ruins financially and ultimately ended up having to file bankruptcy. Because of this I’m much more responsible now and I firmly believe in teaching my own children how to use money wisely. Maybe right now my children don’t always “get it” but I know when they’re older and left to make financial decisions on their own they’ll remember all of the things I’m teaching them now; How to save money, wise purchasing decisions, charitable donations, investments, etc.
Teaching Children Money Management can finally be FUN!
Teaching your children about money is essentially a gift to them. It’s something they’ll carry with them their entire lives and hopefully it will lead to better decisions and budgeting. While you can teach children about money and you can tell them all the reasons they should do certain things a certain way, sometimes it just sinks in a little bit more when you have a great teaching tool. We recently had the chance to try out the CASHFLOW board game. It’s the perfect tool for teaching kids about money management early on in life before they’re out on their own. It leads to great conversations and a deeper understanding of how the world of money works.
Why We Love Game Night With CASHFLOW!
CASHFLOW teaches real life lessons in budgeting and money management in a safe and fun environment. When you make a mistake playing this game, it doesn’t have real consequences but it does teach kids and adults alike what you can do to make better financial decisions and even how to safely invest.
Family game night with CASHFLOW was a big win in our home. It led to conversations with my fourteen year old daughter that I’d never even considered talking to her about. To be honest I’ve even learned a thing or two by playing the CASHFLOW board game as well. We especially loved the accompanying CASHFLOW app you can download through the itunes app store for free that makes keeping track of your game budget and expenses a lot easier but we liked the challenge of budgeting on paper as well. Even though it’s intended to educate it’s also a lot of fun. CASHFLOW is a great family night game choice and would make an excellent family gift this Christmas.
About RichDad and the CASHFLOW game
CASHFLOW was created by Robert Kiyosaki, the author of Rich Dad Poor Dad, the best selling personal finance book of all time and Kim Kiyosaki, author of It’s Rising Time.
CASHFLOW 101 teaches you and your kids how to get out of the Rat Race and onto the Fast Track, how to make your money work for you – not the other way around. CASHFLOW 101 is an educational board game that simulates real life financial strategies and situations. As a simulation, you learn valuable lessons and gain priceless insights into personal finance and investing without having to put your actual money at risk. CASHFLOW 101 is the ultimate realization of Robert Kiyosaki’s vision of an interactive tool for financial education, and the fulfillment of his belief that we learn best by doing. CASHFLOW 101 is an educational board game that teaches accounting, finance, and investing at the same time – and makes learning fun!
What makes CASHFLOW different from other financial resource games? CASHFLOW not only teaches you how to invest and acquire assets but most importantly how you behave within investing scenarios. You can test out strategies for building wealth you might NEVER try in real life. If you’re a saver, try aggressive investing. If you’re a risk-taker, try slow growth. Win and Learn!
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You can purchase the CASHFLOW board game HERE.
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