How Games Will Change The Way Your Kids Manage Their Money For Life


57% of Malaysian parents provide regular financial support to their adult children, according to ‘The Power of Protection: Facing the Future’ study. However, experts state that a child’s money habits are set by the time they are seven years old. This, therefore, highlights the need to teach kids about the importance of money from a young age. One of the most beneficial ways to instill vital money management skills in young children is to use enticing games which capture their imaginations.

Role-playing games

You can teach your child the importance of money through role-play games while they’re still a toddler. Set up a play cafe with a menu and food items, and switch between customer and waiter roles. By doing this, your child will learn the importance of choosing items within their budget. According to Totally Awesome, more than 50% of Malaysian children receive pocket money on a daily basis. Therefore, the skills learned from playing role-play games will show your offspring the value of this money and why it should be saved and not splurged.

Traditional games

Household debt in Malaysia is one of the highest throughout the whole of East Asia, reports The Star. Getting your kids to truly value money by playing traditional games will help to prevent them from falling into debt when they move into their own home. Monopoly is a classic board game which teaches kids about investing, saving, risk and bonuses. Pay Day is another classic which will help youngsters understand how expenses have to be considered when reviewing their cash. Additionally, it promotes the idea that you’re a winner when you save as much cash as possible.

Get online

Dungeons and Dragons is a great way to help a child get to grips with earning, saving and spending. They’ll learn the importance of weighing up the pros and cons of each of their purchases and the potential future outcome, which, in Dungeons and Dragons, could be life or death. There’s a whole host of online games, including shopping for pets, grocery shopping and filling up a piggy bank, all of which encourage children to get interactive and to think carefully about how they will afford the next item they desire.

With adult children heavily relying on their parents in order to financially get by and a high number of households in debt, every effort should be made to teach the next generation the significance of money. By playing a variety of enthralling games with your little ones, you’ll open their eyes to the world of money management, which is a key life skill.

Is there a future ahead for Bitcoin?

Earlier this year we saw Bitcoin hit the headlines by reaching an all-time high and then swiftly falling back down on the stock market. Since then, Bitcoin has faded into the background a little, with the future of the coin still remaining uncertain for most people.

Bitcoin was actually introduced in 2008 as a cryptocurrency. It posed as an attractive alternative to real currency as banks increasingly lose their trust against the UK population. Yet, as a typical trend on the stock market over-investment and media advertising caused bitcoin to quickly drop down in value.

 

What’s next for Bitcoin?

Whilst it seems that all has died down surrounding the bitcoin hype, there are still some investors that believe in the future of cryptocurrency. Yet, with it being an unknown and untested currency it remains unclear as to what the future holds. In fact, it seems that there is now more skepticism that the currency will ever achieve the ultimate goal of becoming the world’s leading currency.

The worth of currency

The truth is that a lot of countries in the world have currencies that aren’t actually worth the plastic or paper that they are written on. Bitcoin and other cryptocurrencies were supposed to bridge that gap and solve many problems. But regulators, investors, and the general public don’t seem ready for such technology.

The younger generation and the need for cash

Bitcoin took off because there was a lot of anger from younger generations about the way the banks operated. With the rising costs of living and not much movement on the increase in salaries, more and more people are looking for alternatives to increase their wealth.

In fact, as debts increase more and more people are looking at short-term loans. Consider Uncle Buck, a short-term loan company that can help to consolidate debts and helps get people back on the right track. Whilst a loan isn’t always ideal, compared to Bitcoin, these sites are regulated by the FCA, giving more confidence to those that need access to money without relying on credit cards and overdrafts with high interest.

Money management

In reality, relying on any one form of investment, loan or overdraft won’t make you rich instantly. It’s more important to manage your money and budget for your lifestyle. Investing in anything, not just cryptocurrency is a long-term game and can take years to master. Therefore, looking at Bitcoin as a way of making a quick buck is probably not the right way to go.

Instead, if you really think that cryptocurrency is the way forward, do your research, learn from current investors and start small. That way, you may be able to benefit if Bitcoin increases in value, but you can also move with the peaks and troughs in the best way that suits you.

Whilst the future of Bitcoin is unclear, there are still many people that believe it could be the way forward in terms of currency. Yet, it’s important that it’s seen as an investment and not a fast way to cash. For Bitcoin, it’s kind of a watch-this-space kind of situation.

One, that we hope will be profitable for the many that have invested in the coin.

Make Easy Money with Facebook

I am not kidding you. This has been done by a lot of scammer here in Malaysia. They are making a lot of money by using Facebook. All you need are a lot of sexy picture and sweet talking ability. Because men are easy to control when we know what they want. Offer them something that they don’t want to refuse and they will do anything that you ask. Will you pay blindly ?

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I don’t know whetver I should share about this or not because last time I remember, I make a lot of money with NuffNang. Nowdays, when so many people join Nuffnang, its really hard to get RM50 in a month hehehe.

cash-out-churp-churp

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