How Parents Can Use Storytelling To Raise Financially Literate Children
How Parents Can Use Storytelling To Raise Financially Literate Children
How Parents Can Use Storytelling To Raise Financially Literate Children
By Chris Carosa
April 19, 2021
Summary
How else can players "Upgrade" their character if they don't accrue enough points to spend at the game's store?
Can you explain why there is this link between storytelling and gaming?
Top-tier video game companies put psychologists and neuroscientists on development
teams to maximize the enjoyment and persuasive power of games.
How many times have you rolled your eyes at a character who makes the same mistake again and again or yelled at the television, "Are you crazy? Don't go in there!" A well-designed, story-driven video game lets you make the choices.
A well-designed, story-driven video game can take all of the real-world excitement of financial decision-making and add a critical, instructional dimension: do-overs.
Are video games enough? What role do parents and teachers play?
Several recent studies looked at the impact of financial video games on real-world financial decision-making, and they show minimal effects.
To really teach financial literacy, games should be combined with directed and ongoing conversations with financially literate adults, ideally parents.
Ideally, kids would start learning about personal finance as young children by earning money for chores, having them pay for or contribute to purchases of games and toys and having a savings goal.
Parents have the opportunity to augment academic knowledge and fun-but-not-real games into stories and concepts that have incredible durability and staying power.
Reference
Carosa, C. (2021, April 19). How parents can use storytelling to raise financially literate children. Retrieved July 26, 2021, from https://www.forbes.com/sites/chriscarosa/2021/04/19/how-parents-can-use-storytelling-to-raise-financially-literate-children/?sh=21142108132e