Games to play in isolation

Games to play in isolation

With Covid-19 we are spending so much more time at home. So how about a few games that are not only fun, but teach tools that are key for learning aspects of money matters. When it comes to our finances and investing, long-term strategising and knowing when to take risks are key to future success. All key elements in some of our favourite games.

Board Games

  1. Monopoly

Hands down the best game for learning about buying and selling property, when to build and being hit with taxes. However, this game is so much more. It teaches you how to read the market and be patient because investing is all about the long game. Players quickly learn to not sit on too much cash or they’ll miss out but also don’t spend it too quickly, or you won’t be able to pay those taxes and rent. Additionally, Monopoly promotes diversification of assets and that negotiation is a key sill to master.

  1. Cashflow 101

Invented by Robert Kiyosaki this game encourages players to get out of the ‘rat-race’ by understanding cash flow and the fundamentals of investing. Players learn when to bet, when to bluff and to take appropriate risks when it comes to purchasing assets.

  1. The Game of Life

From births, to deaths and marriage, this board game has it all. A great way to learn about the impact key life events have on our finances. As players move around the board, they graduate, get a job and learn how to buy stock and prepare for retirement.

  1. Millionaire Maker Board Game

Developed by Loral Langemeier, Millionaire Maker encourages players to develop their wealth-building skills as they make a range of financial decisions that promote entrepreneurship and creativity within real-life situations. Players take risks that may see them build a diversified portfolio of shares, in assets such as oil, and real estate. However, they could lose it all by making poor decisions that may end up with them getting sued.

  1. Pocket Money Game

Aimed at children, this game provides opportunities for players to get a greater understanding of earning and spending money. A great game to develop entrepreneurial thinking.

Cards

  1. Phase 10

10 hands of 10 cards that each require a different sequence of either 3 to 5 of-a-kind or straights where players need to decide what cards to chase. Keeping an eye on what your opponent throws out may determine a change in your own hand. A game based on strategy, a lot of skill and a bit of luck to be the first to complete all 10 phases.

  1. Sequence

This is basically Connect 5 with cards. A game where players need to find the patterns on the board and decide their ‘big picture’ strategy based upon the few cards in their hand and where their opponents place their token.

  1. Ticket to Ride

A game of tactics and strategy that promotes players to think ‘big’ as they plan their route across the country. Players who can visualise their path and possible adaptions should another opponent stand in their way are highly successful. A great way to learn about the importance of planning and then being able to adjust tactics depending on their situation changes.

  1. Billionaire (Get Rich Quick)

A fast-paced trading game where negotiation is vital to your success, well that and a little sneaky trading of the taxman. First player to hold a full hand of their chosen asset from diamonds to shipping and gold wins.

  1. Poker

An oldie but a goodie, you can learn a lot from poker. From simple patterns to knowing when to bluff or risk it all on a single card. You can play without money but Texas Hold’em is a favourite in my family to see who has all the chips in the end.

  1. Blackjack

Another classic that never gets old. Quick and easy for all ages, it develops players memory and risk-taking strategies. When to split, when to hold and when to fold- a fundamental basic for wealth development in real life.

Dice

  1. Yahtzee

A quick game where deciding which dice to keep and how many to roll will develop players ability to quickly asses risk and, with a little luck, hopefully their strategy will see them yelling ‘YAHTZEE’ first.

2. Pass the Pig

A slight adaption to dice, it’s great a simple game to develop your ability to calculate probability and risk quickly. Points for your turn only count if you don’t get a Pig-out (both pigs on their sides) but heaven forbid you roll an Oinker (pigs on top of each other) and go back to zero for the game.

Tiles

  1. Rummy and all its variations such as Rummikub and Rummiking

Although can be played with cards, Rummy is another great strategy game whereby players need to get straights and runs to unload their tray of tiles first. Those who are good at visually re-arranging the tiles in play will find this game a lot of fun as they decide when to pass and when they can go all out in a single turn.

  1. Mah Jong

Another game when a player’s ability to evaluate risk and strategise as they collect 3 basic sets (a Pung, Kong or Chow) and an array of ‘special hands’ from 114 tiles. The aim of the game is to got out with the highest score. A bit more complex than other games but we have time on our hands to learn something new.

Other

Exit the game

I like this one as it is similar to an escape room but can be played at home. There are a number of different versions available, all require team work and a lot of creativity to crack the code from the clues provided. How does this relate to our finance? Well, there always comes a time when we need to get ourselves out of a jam.

Playing games such as these will help you develop your mathematical skills which will always be highly useful when applied to financial decisions you need to make. Being able to strategise, see the big picture and take appropriate risks in relation to your finances will lead you towards your ‘win’.

 

Developing your financial literacy will give you the freedom to achieve your life goals.