Should we only study for money

6 game ideas that your children can use to learn how to deal with money


The current situation is not only putting the economy to the test. It affects us all and has a profound effect on our daily lives for each of us. Staying at home - that is the keyword of the hour. Kindergartens and schools are closed, but our children still need something to do. For many parents, this now means: get creative and think about how to entertain the dear offspring.

We have collected a few ideas that you can use to teach your children how to handle money on the side. The best thing about it: You can play all of these games at home in the nursery and they are also suitable for children of different ages. So they are also a super exciting and, above all, meaningful activity for rainy days.


Children should learn how to handle money as early as possible

What is it's name? Practice early! This also applies to dealing with money. You should also teach this to your customers as early as possible. Appropriate, of course, depending on the age of your children. Even kindergarten children understand more about money than you might think. In order to understand the principle behind it, children don't even have to be able to calculate. In addition, these days children are confronted with consumer stimuli and advertising earlier and earlier. You should therefore also learn that these things also have a value and that money does not grow on trees. Because with financial education you teach your children a lot more than what costs how much, what an account is or what shares are. Children also learn self-discipline, social responsibility and foresight.

Nevertheless, it is not always easy. What is the value of coins and notes? What is the difference between physical and digital money? And where does money come from anyway? Even many adults still struggle with these questions. One thing is certain, however: the more natural it is for your child to handle money well, the easier it will be as an adult.

You can find basic tips on how to teach your children how to handle money here. The most important principle: Even if it is not always fun to take care of your finances, do not overwhelm your children. If you associate finances and money with something negative at a young age, you will have problems with it as adults too. Therefore: The more fun it is, the better! That's why we have six activities here that your children can use to learn how the money system works.



1. The € 30 note

Ever thought of just creating your own money? Create your own banknote together with your child. There is no € 30 note? Perfect, then create one and maybe another € 70 note. Take a look at the existing notes. What is on it? And how do you try to protect the notes from counterfeiting? What important information should be on the bill? This is not only fun and your child can let off steam creatively, at the same time you can also explain to them where the physical money comes from, which notes and coins there are and maybe also that other countries also have other currencies if your child is already old is enough for that.

How about, for example, also designing a note on which the history of money is depicted. A good opportunity to teach your child in a playful way why we need money and why it used to be a promise to receive goods of a certain value in exchange for the given bill.


2. The shop

Speaking of your own money, you can also use it in the shop game. Play around selling things with your child. What you "sell" in your own shop is irrelevant. A real grocery store? Or a toy store? Or maybe even a shop with self-made and your own drawings? Think together about what should cost how much. Discuss the value of the thing. This works particularly well and impressively with self-made or self-baked goods, as your child knows the work involved in making it and can think about and evaluate what this time is worth.

With this game, you should encourage older children to think about budgeting and maybe even reward specially made ones with additional pocket money. But also for younger children who cannot do arithmetic and write, the shop game is a great way to teach them that things have a certain value and that you have to pay for them in normal business.


3. Board games for the whole family

You don't play with money? Are you kidding me? Are you serious when you say that! We think the better you play with fake money! Monopoly is certainly the classic in this context and is probably known to all of us. It is a great way to teach (older) children that you have to make certain financial decisions and manage your money smartly. The manufacturer recommends the classic Monopoly for children from the age of 8, but did you know that there is also a junior edition for younger children? This is suitable for children from 5 years and is sure to be great fun for the whole family!

In addition to this classic, there are numerous other games that children want to specifically prepare for dealing with money. For example, “All about pocket money” for children between 6 and 10, the “pocket money game” from 6 years of age or “We play shopping”, with which children from 4 years of age are introduced to such topics in a playful way. Also, when was the last time you played a board game with your family? You will see that not only your children are happy!


4. The treasure chest

None of us can avoid saving, but it is often still difficult for children to understand the principle behind it. That is why it is so important for children in particular to save towards a certain goal and thus also to know what they are putting the money aside for. Simply saving “for later” is incomprehensible and far too complex for children. Therefore - think about together what your child would like to save on and design a savings coupon or a treasure chest to match.

In principle, any resealable container is suitable for this, or you can make your own treasure chest. All you need are two sheets of paper and colored pencils. Here you will find detailed instructions that show you how you can easily fold a paper box yourself. Decorate them together - best to match your child's individual savings goal, perhaps with photos or natural materials such as seashells from their last vacation or dried flowers from the garden. At the end, just cut a slit in the lid and your self-made treasure chest is ready! This makes saving a lot more fun for children too!


5. The reward poster

This game is less of a game than a weekly task. Dealing with money, especially saving, always has something to do with working towards something specific. We, and our children too, cannot always have everything at once. That is why it is important to have goals. They help us to persevere, to be more motivated and more focused. The reward poster supports your child on this path and they also develop good savings habits.

How it works? We have a template for you here. Or you can simply design your own personal reward poster together with your child. Discuss with your child what a great reward would be and what your child is willing to do to “earn” the reward. Then hang up the poster together and mark your progress every day, for example with colorful stickers. This is how you visualize the way to the goal together.

Reward posters also work for young children. Even at kindergarten age, they understand how many days you have to wait for it and, for example, brush your teeth in order to get closer to your goal.


6. The hidden object book about money

Not sure how to talk to your child about money? The hidden object book “Monkee - on the trail of money” for children and adults will help you. It encourages children and parents to deal with the topic in a playful and positive way.

The educational value and the universal application of hidden objects books for different age groups has also been proven in many studies. It not only promotes children's creativity, it also supports them in recognizing connections and learning to grasp complexity. And it grows with the children. The older the children get, the more connections and different stories they will find in the individual pages. The Monkee Wimmelbuch encourages people to talk about money and see it for what it is - an enabler!

Here you can find out more about the Monkee Wimmelbuch “Monkee - on the trail of money” and you can make a non-binding reservation. We will be happy to inform you as soon as there is new information!


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YOU are the role model

Basically you should never forget one thing: You as a parent to the great role model of your children. How are they supposed to learn how to deal sensibly with money if you can't do it yourself? If you, as a parent, throw the money out of the window, your child will take it for granted. But if you pay attention to your finances, do not buy everything immediately and save on larger purchases, your child will do the same. So grab your nose first and start with you! The good news is that it's never too late! Start learning about it and maybe not only will your child learn a lot about money with these games, but you too. Have fun!



We are Monkee

Saving and the right way of dealing with money have a lot to do with attitude and a little with knowledge. Just as exercise is good for improving physical health, there are behavior patterns that make and keep us financially fit. Therefore, Monkee has set itself the goal of increasing the financial health of parents with young children by promoting responsible and sustainable use of money.

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The Monkee App

Monkee would also like to use an app to help you save more money for your future. Here you can download the app for free.