- Engages in memory adeptness
- Teaches financial abilities
- Enhances math skills
- Practices problem solving and logic
Monopoly is a classic board game that has entertained groups of friends and families for years. Having been around for generations, it’s considered a piece of American history and is still wildly popular around the world. It’s no secret that game nights with friends and family are a great way to socialize and bond, but many games such as Monopoly are also great for teaching important life-skills. Monopoly gives children an introduction to real-life situations and will expose them to topics like economics, business, and taxes. Playing the game teaches math and negotiation skills, and is even a great introduction into how things like property ownership and taxes work. Children who play Monopoly will practice skills like math during the game and be able to take many of the valuable lessons learned from play with them for life.
The goal of Monopoly is to compete in overtaking a vast majority of property on the board. This encourages friendly competition between players and engages them to want to win. Players must navigate through the world of business and finance, as they analyze the pros and cons of property ownership on the board. Negotiation skills will be developed during play while players buy and sell their property strategically in order to get ahead. This is a great way to refine communication skills, as these are often tricky and delicate interactions.
Monopoly allows children to learn the fundamentals of business and finances to children in a casual and fun environment. Having a fundamental understanding at an early age of many of these important concepts will give children a distinct advantage for when they will have to navigate these in the future.