This is a real-life simulation in which they learn experience, since: would you rather than make a financial mistake in the sims or in real life? This prepares them for all of that and so much more. Staggering statistics regarding the lack of financial knowledge between teenagers are starting to threaten kids’ economic future because they have no understanding of how to administer or handle their economic profits or losses. Establishes fiscal responsibility:::::This aspect is often overlooked in the formal education of modern children.