Playing the board game PayDay / Activity Analysis

English Language Arts

• The child practiced reading comprehension by reading and understanding the instructions of the board game PayDay.
• They demonstrated their writing skills by filling out the game's score sheet and keeping track of their earnings and expenses.
• By playing the game with others, the child improved their communication and listening skills as they discussed the rules and strategized with their peers.
• The child may have been exposed to new vocabulary words related to finances and money management while playing the game.

Math

• Through the game, the child applied basic math skills such as addition, subtraction, multiplication, and division to calculate their income, expenses, and savings.
• They developed their financial literacy by making decisions about loans, investments, and budgeting within the game.
• The child gained practice with counting money and making monetary transactions as they earned and spent virtual currency in the game.
• They may have learned about percentages and interest rates when dealing with loans and investments.

Science

• The child may have learned about the concept of supply and demand as they made decisions about buying and selling properties in the game.
• They may have developed an understanding of basic economic principles, such as scarcity and opportunity cost, through the game's mechanics.
• By playing PayDay, the child may have learned about various careers and occupations, expanding their knowledge of different fields and job opportunities.
• The game may have introduced the child to concepts of risk and reward, as they made choices about investments and financial decisions.

Social Studies

• The child may have learned about different aspects of personal finance, such as banking, budgeting, and managing expenses, which are relevant to social studies topics like economics and personal financial literacy.
• Through the game, they may have gained insights into the economic system and how money circulates within society.
• By playing PayDay, the child may have developed an understanding of the value of money and the importance of financial responsibility.
• They may have explored concepts of wealth inequality and social mobility through the game's mechanics.

Playing the board game PayDay can be a great starting point for further development in various subjects. To continue building on the concepts learned, encourage the child to research and explore real-life financial topics such as budgeting, investing, and entrepreneurship. They can also create their own board game or modify the rules of PayDay to incorporate additional educational elements related to the subjects mentioned above. Additionally, engaging in discussions about personal finance and economic concepts with family members or friends can further deepen the child's understanding.

Book Recommendations

• The Lemonade War by Jacqueline Davies: This book tells the story of a brother and sister who compete against each other in a lemonade-selling contest, teaching them valuable lessons about entrepreneurship, competition, and financial management.
• Money Matters for Kids by Larry Burkett: This book offers practical advice and lessons on money management specifically aimed at children, providing tips on budgeting, saving, and making wise financial decisions.
• The Toothpaste Millionaire by Jean Merrill: This book follows a young boy who starts his own toothpaste-making business, highlighting the concepts of entrepreneurship, innovation, and financial success.