Give Your Child a Basic Understanding of Money

Many children think that money is something that comes out of thin air. In Moneyville your child will develop a fundamental understanding of where money comes from.

Moneyville teaches your 5-7 year old about money

In Moneyville, your youngest can play his or her way to a better understanding of the concept of money. Your child will use his or her own Moneyville character to earn money, which they can then use to purchase items for their room or to go on trips in the time machine.

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The things your child purchases are kept in his or her own room.

Your child learns to put some thought into what they spend money on. What can be purchased with the amount they have, and is the item cheap or expensive?

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Your child can choose from among many things at various prices in Penny’s Shop.

The game is developed so that even the youngest can take part. They’ll just need help with their name and password – the rest they can handle themselves, but we encourage parents to introduce the game to them and discuss it with them.

8-9 year olds learn to save up and prioritise

The Family Game is for older kids. The task here is to create an imaginary family, with car, house, pet, etc., where your child’s choices will have an impact on how much money the family has available in their budget every month over the course of a year.

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In the Family Game, your child is in charge of home maintenance, expenses and savings over the course of an entire year.

With a basis in common situations, your child has to manage the family’s budget – without letting it going into minus. How should they prioritise when the budget has to cover not only car repairs, but also the family’s holiday to a sunny destination?

There is a lot to learn in Moneyville

In Moneyville your child learns to earn money, prioritise and save up. There are many different activities, each with their own lessons to learn.

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In Moneyville, your child can play his or her way to a better understanding of money.

Read more about children and money

The Value of Money

Young children find the concept of money difficult to understand. They may see a 50 cent coin as being worth more than a €1 coin because it is slightly bigger. It is important to help them to identify various coins and appreciate their value.

Here's how you start talking about money  >

Saving up

It is not always possible to buy everything at once. Therefore it is important to encourage children and young people to understand the principle of budgeting and saving.

Help your child learn to save up  >

Where does money come from?

Unfortunately, money is not something that grows on trees or can just be withdrawn with a debit card without rules and limits. But how can this be explained to children and young people?

What does this mean in terms of pocket money?  >

Prioritising money

Almost as essential as the air we breathe to live, is the ability to have financial independence. Empowering children with skills in money management at an early age will enable them to make informed decisions in the future. As parents and adults you have a crucial role to play in this.

Here are some tips for helping your child to get started  >