Once your children reach high school, it’s time for them to start learning how to manage money, especially investing. Yeah. It helps if you already know about how to manage money. Which, incidentally, I do not. Ugh. I never learned how to manage money (I went to public school where a lot of things slipped through the cracks) and my parents never taught me anything. I can’t say they had a whole lot of money to manage, anyway, and definitely nothing in which to invest. It’s all enigma to me! So I’ve had to learn from scratch. Not easy.
Thank God for the Internet. Seriously, I don’t know what I’d do. I found a very cool website with a “virtual stock market game.” It’s pretty neat! You get fake cash to virtually invest in real companies on the real stock market. Build a portfolio, create investment goals, trade stocks, do everything you’d really do on the stock market.
We have a curriculum book that does something similar but the kids have to juggle note cards, write paragraphs, etc. Playing an online simulation game is much easier and much more fun. Mashable and Forbes gave it props and the game is partnered with Motley Fool, too. Definitely check this out! I know I can certainly improve my miniscule knowledge of how things work in the world of finance….