Monopoly is a popular game that involves a lot of strategy and a bit of luck. Many adults love to play Monopoly, both as a family game and at large gatherings. But this board game is also beneficial for children. This article will talk about two key reasons why parents should involve their children in this board game.
#1: Monopoly introduces kids to adult terms they will use later in life
There are two key concepts that children are exposed to and that will become crucial in later life: the rent and the mortgage. Every time a player lands on someone else’s property, he must pay a specific amount. This becomes crucial as children get older because they learn that in order to stay somewhere else, they must pay a monthly amount. They also learn that not all places charge the same rent and that properties in wealthier neighborhoods cost more.
Children are also exposed to a first-time mortgage. While the mortgage in Monopoly is different from the standard mortgage, at least kids are introduced to the concept that they will receive money from the bank in consideration for their property. It is a great growing experience for children.
#2: Monopoly will teach kids strategy and management
Monopoly is a game of strategy and management on many levels. Whether it’s buying the right set of properties or seeing how much money you have, there’s more to winning than luck. For example, as kids play Monopoly over a period of time, they can learn that they can win by focusing on having focused properties around the corner, it’s a better strategy than trying to get Park Place and Boardwalk. They may also learn that focusing on the most expensive properties may not be the best strategy to win because it drains their money and they may not get a return on investment.
Whichever the case, children will better understand what approach they need to win the game and see how much money they have. This is good development for a child later in life because she can take her strategy and management skills and put them to good use when it comes time to manage her money and make crucial financial decisions.