fifththird-125Next time you’re playing with your kids, look for simple learning opportunities.  Here are four fun ways to teach your kids about finances through play.

Tip #1
Create play money with your kids and play grocery store.  Give them a budget and see who can buy the most with their money.  This teaches them the value of a dollar.

Tip #2
Make a life map together.  Have your children cut out pictures of things they see in their future.  This might include college, buying a house or career goals.  Talk about the money that it will take to accomplish these things.

Tip #3
Play needs, wants and wishes.  Talk to your children about the differences in each of these categories.  This helps provide a good foundation for spending decisions.

Tip #4
Give your children options when it comes to play.  Explain how things like going to a movie cost money, versus playing outside which is free.  Let them know that having fun together doesn’t always have to cost money.