Comments on: Did Monopoly Teach You Anything About Managing Money? http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/ Sharing Passive Income and Money Saving Tips Tue, 03 May 2011 23:44:32 -0700 hourly 1 http://wordpress.org/?v=3.1.3 By: Carnival of Personal Finance #196 | American Consumer News http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3492 Carnival of Personal Finance #196 | American Consumer News Wed, 18 Mar 2009 23:41:05 +0000 http://thepassivedad.com/?p=1006#comment-3492 [...] Passive Dad wonders if Monopoly Taught You Anything About Managing Money? Did you enjoy this article? Consider subscribing to our RSS feed or Get Email [...] [...] Passive Dad wonders if Monopoly Taught You Anything About Managing Money? Did you enjoy this article? Consider subscribing to our RSS feed or Get Email [...]

]]> By: Happiness Is Better http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3479 Happiness Is Better Wed, 18 Mar 2009 13:47:46 +0000 http://thepassivedad.com/?p=1006#comment-3479 I think I had a better experience than some of the other commenters on this post. Perhaps it was because I was the slum lord. It was definitely a good starter game, but I feel Cashflow is slightly more realistic. Have you guys and gals played cashflow? If so, what did you think? Thanks! -Dustin I think I had a better experience than some of the other commenters on this post. Perhaps it was because I was the slum lord. It was definitely a good starter game, but I feel Cashflow is slightly more realistic. Have you guys and gals played cashflow? If so, what did you think?

Thanks!
-Dustin

]]> By: Carnival of Personal Finance#196: Music Edition http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3443 Carnival of Personal Finance#196: Music Edition Mon, 16 Mar 2009 11:58:20 +0000 http://thepassivedad.com/?p=1006#comment-3443 [...] The Passive Dad wonders if Monopoly Taught You Anything About Managing Money? [...] [...] The Passive Dad wonders if Monopoly Taught You Anything About Managing Money? [...]

]]> By: Kids Can Teach You To Be Frugal | Prime Time Money http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3279 Kids Can Teach You To Be Frugal | Prime Time Money Mon, 09 Mar 2009 12:01:40 +0000 http://thepassivedad.com/?p=1006#comment-3279 [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...] [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...]

]]> By: Kids Can Teach You To Be Frugal | Prime Time Money http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3280 Kids Can Teach You To Be Frugal | Prime Time Money Mon, 09 Mar 2009 12:01:40 +0000 http://thepassivedad.com/?p=1006#comment-3280 [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...] [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...]

]]> By: Kids Can Teach You To Be Frugal | Prime Time Money http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3281 Kids Can Teach You To Be Frugal | Prime Time Money Mon, 09 Mar 2009 12:01:40 +0000 http://thepassivedad.com/?p=1006#comment-3281 [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...] [...] or Old Maid. If they are over 5 years old, you can teach them checkers or introduce some fun board games. Puzzles are also fun for kids of all [...]

]]> By: What Sizzled the Week of February 22nd? | Fiscal Fizzle - Money Blog - The Hottest Personal Finance Blog http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3092 What Sizzled the Week of February 22nd? | Fiscal Fizzle - Money Blog - The Hottest Personal Finance Blog Tue, 03 Mar 2009 03:06:50 +0000 http://thepassivedad.com/?p=1006#comment-3092 [...] were overdraft fees. Read about how some companies are laying people off, and check out what Monopoly can teach you about handling money. For a good laugh about airline fees, consider the “emergency [...] [...] were overdraft fees. Read about how some companies are laying people off, and check out what Monopoly can teach you about handling money. For a good laugh about airline fees, consider the “emergency [...]

]]> By: Gledwood http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3089 Gledwood Mon, 02 Mar 2009 19:47:33 +0000 http://thepassivedad.com/?p=1006#comment-3089 Good points but no I don't really think Monopoly does teach you about managing money. To be honest I think the element of chance is greater in Monopoly than in the real world where you make your own luck... Good points but no I don’t really think Monopoly does teach you about managing money. To be honest I think the element of chance is greater in Monopoly than in the real world where you make your own luck…

]]> By: Miranda http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3083 Miranda Mon, 02 Mar 2009 16:00:12 +0000 http://thepassivedad.com/?p=1006#comment-3083 I agree that Monopoly offers some good learning points, but like many others, we ended up mortgaged and broke. Actually, one thing I remember is one guy mortgaging A TON and buying up everything, and none of us could afford rents when we landed on his place. So then we'd have to mortgage what we had to pay him, or turn over our own properties. After about 45 minutes, it was just depressing because he was basically a slumlord and we couldn't get out of the hole. I agree that Monopoly offers some good learning points, but like many others, we ended up mortgaged and broke. Actually, one thing I remember is one guy mortgaging A TON and buying up everything, and none of us could afford rents when we landed on his place. So then we’d have to mortgage what we had to pay him, or turn over our own properties. After about 45 minutes, it was just depressing because he was basically a slumlord and we couldn’t get out of the hole.

]]> By: Penelope Pince http://thepassivedad.com/2009/03/did-monopoly-teach-you-anything-about-managing-money/comment-page-1/#comment-3070 Penelope Pince Mon, 02 Mar 2009 03:30:24 +0000 http://thepassivedad.com/?p=1006#comment-3070 My sister, cousins and I loved Monopoly as kids and would play for hours. But we always just bought all the properties we could till we went broke and then started cutting deals with each other. Last summer, one of our cousins came to stay with us for 3 months and we pulled out our Monopoly game and I'm still playing exactly the same way - buy everything I land on and hope I don't go broke - and I did go broke almost every time. Of course, I'm not this way in real life; games are an outlet for my unfrugal urges. But now that we were finance and frugal living bloggers, we had the idea of creating Monopoly game expansions that parents can use to teach children money management skills. We've created several which come with rules and forms that parents can print out to use to educate their kids on finance. If you don't mind my sharing them: <a href="http://pecuniarities.com/monopoly-game-expansion-1-personal-savings-account/265" rel="nofollow">Monopoly Game Expansion #1: Personal Savings Account</a> <a href="http://pecuniarities.com/monopoly-game-expansion-2-personal-checking-account/270" rel="nofollow">Monopoly Game Expansion #2: Personal Checking Account</a> <a href="http://pecuniarities.com/monopoly-game-expansion-3-certificate-of-deposit/280" rel="nofollow">Monopoly Game Expansion #3: Certificate of Deposit</a> <a href="http://pecuniarities.com/monopoly-game-expansion-4-personal-credit-card-account/283" rel="nofollow">Monopoly Game Expansion #4: Personal Credit Card Account</a> <a href="http://pecuniarities.com/monopoly-game-expansion-5-income-tax-edition/1091" rel="nofollow">Monopoly Game Expansion #5: Income Tax Edition</a> We had a really good time test-playing these expansions, and actually have a few more that we still need to finish making and put up. I had forgotten about them till I read your post. Thanks for the reminder! :) Cheers, Penelope My sister, cousins and I loved Monopoly as kids and would play for hours. But we always just bought all the properties we could till we went broke and then started cutting deals with each other.

Last summer, one of our cousins came to stay with us for 3 months and we pulled out our Monopoly game and I’m still playing exactly the same way – buy everything I land on and hope I don’t go broke – and I did go broke almost every time. Of course, I’m not this way in real life; games are an outlet for my unfrugal urges.

But now that we were finance and frugal living bloggers, we had the idea of creating Monopoly game expansions that parents can use to teach children money management skills.

We’ve created several which come with rules and forms that parents can print out to use to educate their kids on finance. If you don’t mind my sharing them:

Monopoly Game Expansion #1: Personal Savings Account
Monopoly Game Expansion #2: Personal Checking Account
Monopoly Game Expansion #3: Certificate of Deposit
Monopoly Game Expansion #4: Personal Credit Card Account
Monopoly Game Expansion #5: Income Tax Edition

We had a really good time test-playing these expansions, and actually have a few more that we still need to finish making and put up. I had forgotten about them till I read your post. Thanks for the reminder! :)

Cheers,
Penelope

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