smart spending

5 money lessons learned from Monopoly

Learn about life playing Monopoly
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Learn about life playing Monopoly © LunaseeStudios/Shutterstock.com

Learn about life playing Monopoly

The board game Monopoly has been around since 1935. That makes it almost 80 years old, and it's still going strong. Chances are good that you've claimed the shoe or race car as your game piece, rolled the dice and headed toward New York Avenue.

Statistics show the orange properties like New York Avenue and St. James Place are among those landed on the most. So buying those and putting houses and hotels on them gives you a chance to collect rent from the other players. That's a proven strategy developed by game experts.

At Bankrate.com, we like to think Monopoly also teaches a great deal about how to manage debt and other financial matters. Here's how.

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