Personal Finance Games Can Change Lives

Looking for online personal finance games the whole family will love? Look no further. The NFEC specializes in all kinds of personal finance education. Take a look at all we have to offer and you will most likely find what you’re after.

The NFEC offers many types of fun, engaging lessons for people of all ages and backgrounds. They also meet core educational requirements. Our diverse Curriculum Advisory Board guides lesson development. Our practical resources are designed to meet many different types of requirements. No matter what your needs, we can help.

Online Personal Finance Games Lead to Life-Enhancing Education

Below, we describe how one person used NFEC online personal finance resources and guidance to create a financial education program that changed her life and the lives of many others.

Juanita, an immigrant from a developing country, wanted to teach other immigrants about personal finance through games but didn’t know where to start. She knew her audience but didn’t know the best way to reach them or how to define the best program for them.

By running a poll with the help of her local community center, she discovered that immigrants in the area expressed a need and desire to learn about personal finance.

Framing Personal Finance Games Styles

Learning Goals of Personal Finance Games

Juanita wanted her students to gain the ability to think strategically about their money but since time was limited, she would be happy if they left the course with an understanding of the skills and concepts they would need in the real world. She wanted to also offer an advanced class and expand her personal finance worksheets, but that would have to wait for now.

Important Personal Finance Games Selections

How to Deliver a Course Based on Personal Finance Games

Juanita wanted her students to learn personal finance through games because it would be fun and engaging for them. She needed a program that was flexible enough to allow for any schedule yet structured enough to offer the scaffolding they would need to progress along a structured system. She decided on a program based on achievement and wanted to focus on online personal finance games.

Structure Personal Finance Games Competencies

Extensive Personal Finance Games Stages

What Areas of Personal Finance to Teach with Games

Juanita wanted her students to come away with the ability to manage their own finances with confidence and touch on advanced skills. She decided on a 6-week personal finance class that would drill home the fundamentals of saving, budgeting and debt, and also introduce a few advanced topics such as investing and retirement planning. She also wanted to give students the ability to follow whatever subject was of personal interest to them. Personal finance games would provide the foundation of the program.

An Educational Curriculum to Facilitate Personal Finance Games

Juanita wanted her program to follow established core educational standards and be independent and approved for compliance. It had to be fun and engaging while also providing the structure students needed to remain challenged. It would also need to accommodate any schedule, since her immigrant students often worked at odd hours.

Arrangement of Personal Finance Games Action Steps

Systems for Personal Finance Games Additions

A Qualified Instructor for Online Personal Finance Games

Juanita did not have teaching experience and while she wanted to get her financial education certification, she was busy organizing her first educational course. She would need to hire a Certified Financial Education Instructor to present the online personal finance games and other course material. The instructor was also an immigrant, so the students would have no problem relating to her.

Results of an Education Based on Online Personal Finance Games

Of the 25 people who signed up for Juanita’s course, 21 of them completed it successfully. She was thrilled at an 84% success rate. Of those who completed the course, they all showed a strong interest in learning more.

Juanita organized the data and put it into a report detailing the success. She would use it to garner funding and support for expansion through community awareness.

Systems for Personal Finance Games Approaches

Where Will Personal Finance Games Lead?

Juanita awarded the graduates with completion certificates that they could use to further their education and advance in their career. She knew they would need support for implementing their new knowledge and kept the Facebook group open to facilitate further discussion.

With a newfound sense of self-esteem, she thought about the next steps and how she wanted to expand. At first, she became overwhelmed but the NFEC provided the structure she needed to take it one step at a time. Little did she know the powerful results that were to come from simple online personal finance games.

There are many good reasons why children and teens need to learn about money. One day they’ll have to face the real world, and they need to be prepared. The NFEC has developed curriculum programs designed to do just that—get kids ready to meet the situations they’ll face as adults. Using financial literacy games and other interactive activities, kids learn by practicing real-world money decisions.

Most people probably know the classic game Monopoly, in which players buy and sell properties. Playing Monopoly teaches kids how to collect and pay rents and taxes, handle paper money of different denominations, and keep track of cash flow. The NFEC recognizes that personal finance games like Monopoly help children learn how to manage bills and other responsibilities. Drawing on the game format, they’ve created interactive lesson plans that guide young people to practice all the financial decisions a typical American adult will encounter.

When kids learn about and become comfortable handling money early, they’ll be that much better prepared to move out on their own when the time comes. Obtaining key skills to budget and manage their resources will make it easier for youth to live successful lives. Financial education games like those in the NFEC curriculum take advantage of the knowledge that children have different learning styles, and many kids learn best by doing.

Another advantage to using a financial literacy game to teach kids about money is that it makes learning easy. For example, explaining banking concepts to young children in a way they can understand poses quite a challenge. But a simulation game where kids visit a mock bank and learn how to set up accounts, make deposits, and take out loans forms a valuable instructional tool. Practical examples help children easily comprehend and remember the lessons.

Financial literacy for children is vitally important to help them avoid the common financial pitfalls so many adults experience. The games and activities the NFEC has created to aid teaching important money skills make learning simple and fun.

 

The Real Money Experience Financial Literacy Game

Looking for a fun, engaging way to teach youth about financial literacy? You’ll find what you need in the National Financial Educators Council’s Real Money Experience (RMX) financial literacy game. This game gives students a glimpse into their financial future, providing hands-on experience in making the financial decisions they’ll face after graduation. The game can be eye-opening, but takes place in a safe environment where students can learn practical money skills that apply to their future lives.Designed around core education standards, the RMX financial literacy game uses experiential learning techniques to help students improve their financial decision-making abilities. The interactive approach improves retention rates while making the process enjoyable for students and teachers alike.High school and college students want to learn about money. Unfortunately, most financial education curriculum is boring and focuses more on theory than on practical skills.

Students need hands-on experience to learn how to become financially secure in the real world. The Real Money Experience is designed not only to be entertaining, but also to prepare students for the financial realities they’ll encounter when they move out on their own.

Watch Videos from the full-production RMX version (this webpage is focused on the classroom version) of the Real Money Experience game:

 

Simon Family Foundation

 

Penn State University (Erie)

 

The classroom version of the RMX event packs the same fun principles into a classroom environment. The first step of the RMX financial literacy game has students decide upon careers and make educational choices that affect their incomes. They choose clothing, housing, and transportation options to fit their budgets. Participants quickly become aware of the ongoing expenses associated with each decision as they learn about bills, budgeting, and lifestyle choices.Twelve essential topics are covered in the RMX financial literacy game including:

  • Credit
  • Education & Skills
  • Career
  • Community Service
  • Banking
  • Health & Nutrition
  • Housing
  • Savings & Investment
  • Insurance
  • Day-to-Day Expenses
  • Transportation
  • Long-Term Planning

The RMX financial literacy game is perfect for high school and college-level students and takes between three and four hours to complete. The Real Money Experience classroom edition includes:

Instructors Guide. This detailed guide will walk you step-by-step through each of the twelve lessons.

Instructors Multimedia Education Center. Learn how to deliver the RMX financial literacy game to maximize effectiveness and ensure participant enjoyment. This 90-minute video instruction will help you feel confident and ready to help your students pick up important financial literacy skill sets.

Student Guides and Budget Worksheets. Receive 30 full-color student workbooks and budget worksheets that walk participants through the decision-making process.

Fundraising Resources. The NFEC’s financial literacy grant guide and sponsorship forms can help you raise funds while you educate those you serve.

Testing and Surveys. Quantify the results of the program to help secure funding and measure the program’s effectiveness. See the results from the live version of our Real Money Experience.

Support. The NFEC support staff is available via phone and email to help maximize your program’s impact.

To learn more visit the Financial Literacy Curriculum page for Middle School, High School and College Level Students.

The Real Money Experience financial literacy game package is offered as a single-site (to be used for one organization) license. Click the text link to learn more about

Give your students what many adults wish they had – a safe environment to learn essential money management lessons. By now you understand that sharing the RMX financial literacy game with your students will prepare them for the financial realities they must face in the very near future.We commend your efforts to empower those you serve with practical financial lessons, and we look forward to serving you.

Many parents today are willing to spend a great deal of money sending their children to private or out-of-district schools. At the same time, many parents omit one key aspect of a good education—teaching kids about money. Yet if children do not receive basic instruction in money management at an early age, they may develop poor financial habits later on. To address the need for financial education, the social enterprise organization National Financial Educators Council (NFEC) has built personal finance games and interactivity into a full set of theory-based curricula.

One reason why parents fail to teach their children essential money skills is because they see the topic as very complicated. Even some adults have trouble grasping basic financial concepts. How, then, can they teach these ideas to their children? According to the NFEC, a personal finance game that affords kids opportunities to practice handling and trading money makes the lessons not only easy to teach, but also fun and entertaining for children.

In collaboration with an advisory team composed of financial and educational experts, the NFEC has developed age-appropriate curriculum for youth at the preschool through college levels. Financial literacy games for kids have several advantages. First, they make the teaching process easy by using real-world simulation. Second, games are fun and enjoyable, so children are more likely to retain the information. And finally, they provide opportunities for youth to practice the skills they learn, which means they’ll be even better prepared to meet the financial challenges of adulthood.

Helping young people gain crucial money management skills may be the single best way to ensure their future life success. Money management games help them learn and practice real-life skills from within a safe environment. Thus such activities form a strategic method to equip today’s youth to meet adulthood.