The Game Of Life is a popular game played in many households. There are a lot of scenarios and other specifics about the game that make it more complex than most board games. However, it is a wonderful board game for children to play because of the many things that it can teach children. This article will discuss a few of those things.
#1: It Teaches Children The Concept Of Insurance
Anyone who has played Life knows that they eventually reach the point where they get to purchase a house. One of the important decisions that the player has to make is whether to purchase insurance. While the player has the decision not to purchase insurance, this can prove very detrimental if they land on a space in which their house or automobile becomes destroyed in some way. Since they did not purchase insurance, it ends up hurting them financially and can very much cost them the game.
Similar, children start to understand the importance of insurance and how crucial it is to have insurance because of the possibility that anything can happen. They learn that homeowner’s insurance, medical insurance, along with other forms of insurance are important because they protect the family in case of unforeseen circumstances. Thus, this board game is a great way to get kids started on learning about insurance.
#2: Children Also Start To Learn About Promissory Notes, Loans, And Stocks
As anyone who has played Life knows, you are allowed to purchase stocks, take out loans, and take out promissory notes. These are definitely good terms for young children to learn as they become very crucial in later life. For example, if a player decides to start college as opposed to go straight to work, they have to borrow $40,000 from the bank and pay it off over the course of the game.
Of course, the notes, loans, and stocks operate different in this game than in real life, but children are exposed to the terms and may develop a greater curiosity about them. They may decide to research these terms or ask their parents about them. This will help the child greatly in their later life.