Do video games level up kids' money skills?

Every few days, my 8-year-old son, Neal, asks if he can "earn something" on Roblox, a popular online video game platform. That’s his way of suggesting I buy him Robux, the platform’s currency, in exchange for him doing a chore or extra academic assignment.

While I usually decline these requests, his persistence made me wonder if the games are teaching him some personal finance lessons, such as how to budget a scarce resource — Robux — and whether practice in this virtual world could help him navigate the real one. Will he be less likely to squander actual dollars if he’s learned to stretch his Robux budget?

Some experts answer with an emphatic "yes." Mark Mazzu is a former banker and stockbroker who teaches at the online educational platform Outschool. He uses Minecraft, another popular video game, to help kids learn about economics.

"You see them trade naturally; they get that. Negotiating, trading, buying, selling — it’s fantastic," he says.

But financial literacy experts also say that whether kids really pick up money lessons through video games depends largely on how parents talk with them about their online experience. .

Building a financial safety net

In his classes, Mazzu raises the issue with students of how to keep money safe. "I ask them, ‘What does a bank do?’ and transition into a Minecraft discussion. ‘How do you keep your things safe inside of Minecraft?’" In the game, players use chests, for example, which keeps valuable items safe — much like a bank account does.

That can lead to a discussion about saving money. Mazzu suggests framing it in a relatable way: "If you go and get 64 pieces of coal or cobblestone, you don’t want to use all of the stuff you find. You want to put it away. Why don’t you put 10% away in a chest and use the rest?" Mazzu says.

Laura Vanderkam, author of "Off the Clock" and mother of five, says her kids picked up money lessons from the Roblox game Theme Park Tycoon, where players build and run an amusement park.

"There are a lot of actual business allocation decisions that are not the sort of thing kids would get the chance to do in real life, unless you’re running a serious lemonade stand," Vanderkam says.

The value of money

Susan Beacham, CEO and founder of Money Savvy Generation, a financial education company, suggests having kids earn money or use their allowance to buy virtual currency for game-playing.

"Kids will take your money all day long. You have to create scarcity and make them face a choice. When they spend their own money, it’s different," she says. She suggests following up afterward and asking if they think the cost was worth the benefit.

Budgeting and trade-offs

Jeff Haynes, senior editor of web and video games at Common Sense Media, a nonprofit that promotes safe technology and media for children and families, says kids have to consider the price of games and why they prefer one game to another.

Haynes suggests parents drive home those trade-offs by asking questions: "Why is this something you want for this game over something else? How are you going to save up to get it?"

Now, when Neal asks me for Robux, I think about how to make sure he truly earns that currency. I want him to internalize the idea that Robux, like real money, is a scarce resource and not to take for granted.

He told me he thinks this strategy is working: "It teaches me not to use up too much Robux, and in Tycoon games, I learned how to save up for really expensive things."

Kimberly Palmer is a personal finance expert at NerdWallet and the author of "Smart Mom, Rich Mom." Email: kpalmer@nerdwallet.com. Twitter: @KimberlyPalmer.