Susan Beacham, CEO and founder of Money Savvy Generation, a financial education company, warns that video games often emphasize superficial purchases, like virtual decorations or dressing an avatar. However, she says that they can also offer parents a way to broach the uncomfortable topic of money with their kids. Parents can bring up games’ shortcomings, such as currency that can only be spent, not invested, donated or saved in an interest-bearing account, for example. Beacham also suggests having kids earn money or use their allowance to buy virtual currency for game-playing. “Now you’re teaching your child about money and value.”How to budget and make trade-offs

Source: Daily Sun September 02, 2021 12:11 UTC