Game-based learning is the most effective way to teach topics to students, where they are engaged overall.
When it comes to teaching financial literacy topics to students as it is a crucial topic which can empower with the learnings that can help life long.
Top 10 Financial Literacy games advised by Japan International Schools that every High School should use.
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Payback
Payback games help Japan International School students brainstorm and think about how to succeed in college without too much student debt. It teaches students how to maintain a healthy balance between academics, extracurriculars, social activities and work (to manage their debt).
Everyone’s situation is different but surely it helps high school students to ask themselves a few questions that they haven’t considered before.
- How do people pay for college?
- Why do students drop out of college?
- How much are the overall college fees and how much this will cost later?
- How to earn and pay off debt easily?
- What are the various income sources to look for?
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Spent
Spent games help Japan High School students how to face the financial challenges and make them aware of the struggles families go through especially the low-income groups. It also helps to understand how to control expenses and make financial decisions and survive paycheck to paycheck.
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Financial Football
Visa and the National Football League have come together to create a fast-paced, sports-themed interactive game to help teach financial concepts and money management skills. The various levels of difficulty in the game make it extremely challenging and interesting.
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Shady Sam
Shady Sam showcases to the students how loan tenure can be a debt trap for borrowers. The longer the tenure the more interest borrowers pay. It teaches students how the loan system works and how banks or lenders earn from customers.
In this game, there is the shady lender who takes advantage of consumers, he tricks them to pay higher interest in order to make their company the most money.
This game is an eye-opener for students to know how lenders take advantage of people who take out loans. This game will surely save them from falling into a debt trap and teach them how to stay far from taking debts.
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STAX
Stax is an interactive financial game designed to help the Next Gen Japan High School students understand the power of investment and how it can create a compounding effect for a longer period and how it should be started as early as possible.
It helps students to see the outcome of 20 years of investment decisions and how their results are against their classmates.
Here students allocate their digital money into seven instruments (savings accounts, index funds, stocks, bonds, commodities and gold) and check how their income stack up over the period.
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Money Magic
Money Magic is designed to teach basic budgeting principles, and how to balance immediate wants with long-term goals. It’s a fun and competitive game that helps Japan International School students learn budgeting skills in a nontraditional environment.
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The Payoff
Here a student plays the role of a video blogger who has to face many challenging things in life and has to manage money and unexpected events. In this interactive game, students have to help the character in making good financial decisions.
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Hit the Road
This interactive game teaches students the importance of savings and spending wisely. Here, students had to go on a virtual road trip and at the same time manage their money by creating budgeting, spending wisely, and managing debt
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The Uber Game
Created by financial times in this interactive game a Japan High School student has to play the role of a full-time driver who has to pay off his mortgage and manage his family expenses
There are many challenges a student has to go through and face situations.
This game shows how people survive and face daily challenges. And do a job in the gig economy to meet their urgent financial needs.
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Credit Clash
Credit Clash is a fun and interactive way which teaches students. How improved credit scores are beneficial in the long run to get loans with lower interest and how to improve credit score.
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Claim Your Future
In this game students are given a career with an annual salary. The challenge here is they have to learn to manage, make a budget. And make certain lifestyle choices so that they can afford it as per their salary.
Summing up
These financial games should be adopted by the high school and there are many such games. Adopted by Japan International School which help students learn all the financial concepts thoroughly and make good financial decisions later.
Do you have any suggestions to make financial literacy lessons fun for high school? Financial lesson to be covered? Write down your suggestions in the comment below and we will try to incorporate them into the financial literacy articles for High School students.
