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<body data-color="1" id="body" class="post-template-default single single-post postid-38529 single-format-standard multiple-domain-test-rooster-money singular inner-page overlay-background-light main-menu-items-5">
<div class="tray" id='js-rooster-tray' aria-hidden="true">
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							<a href="https://app.roostermoney.com/app-link/deep/" data-tracking='{"event":"event","category":"CTA App Icons","label":"android","action":"Click-android","value":""}' class="roostermoney_apps-icons-icon">
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							<a href="https://app.roostermoney.com/app-link/deep/" data-tracking='{"event":"event","category":"CTA App Icons","label":"ios","action":"Click-ios","value":""}' class="roostermoney_apps-icons-icon">
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							<a href="https://www.amazon.com/RoosterMoney-Manage-Pocket-Allowances-Rewards/dp/B01C62KBYY/" data-tracking='{"event":"event","category":"CTA App Icons","label":"amazon","action":"Click-amazon","value":""}' class="roostermoney_apps-icons-icon">
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						</div>
      </div>
      <div class="tray_navigation">
        <ul id="menu-main-full-united-kingdom" class="tray-navigation js-traynav">
<li class='menu-item menu-item-type-post_type menu-item-object-page about menu-item-color_ about' data-key='about'><a href='https://test.rooster.money/about/' title='About' data-tracking='{"event":"event","category":"Primary Navigation","label":"About","action":"Click-Primary Navigation-About","value":""}'>About</a>
</li>

<li class='menu-item menu-item-type-custom menu-item-object-custom help menu-item-color_ help' data-key='help'><a href='/help/' title='Help' data-tracking='{"event":"event","category":"Primary Navigation","label":"Help","action":"Click-Primary Navigation-Help","value":""}'>Help</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children education menu-item-color_ education' data-key='education'><a href='https://test.rooster.money/resources/' title='Education' data-tracking='{"event":"event","category":"Primary Navigation","label":"Education","action":"Click-Primary Navigation-Education","value":""}'>Education</a>

<ul class="sub-menu">

<li class='menu-item menu-item-type-taxonomy menu-item-object-category money-tips menu-item-color_ money-tips' data-key='money-tips'><a href='https://test.rooster.money/money-tips/' title='Money Tips' data-tracking='{"event":"event","category":"Primary Navigation","label":"Money Tips","action":"Click-Primary Navigation-Money Tips","value":""}'>Money Tips</a>
</li>

<li class='menu-item menu-item-type-taxonomy menu-item-object-category community menu-item-color_ community' data-key='community'><a href='https://test.rooster.money/community/' title='Community' data-tracking='{"event":"event","category":"Primary Navigation","label":"Community","action":"Click-Primary Navigation-Community","value":""}'>Community</a>
</li>

<li class='menu-item menu-item-type-taxonomy menu-item-object-category the-app menu-item-color_ the-app' data-key='the-app'><a href='https://test.rooster.money/app/' title='The App' data-tracking='{"event":"event","category":"Primary Navigation","label":"The App","action":"Click-Primary Navigation-The App","value":""}'>The App</a>
</li>

<li class='menu-item menu-item-type-taxonomy menu-item-object-category pocket-money-index menu-item-color_ pocket-money-index' data-key='pocket-money-index'><a href='https://test.rooster.money/pocket-money-index/' title='Pocket Money Index' data-tracking='{"event":"event","category":"Primary Navigation","label":"Pocket Money Index","action":"Click-Primary Navigation-Pocket Money Index","value":""}'>Pocket Money Index</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-page take-on-the-term menu-item-color_ take-on-the-term' data-key='take-on-the-term'><a href='https://test.rooster.money/back-to-school-hub/' title='Take on the Term' data-tracking='{"event":"event","category":"Primary Navigation","label":"Take on the Term","action":"Click-Primary Navigation-Take on the Term","value":""}'>Take on the Term</a>
</li>

<li class='menu-item menu-item-type-taxonomy menu-item-object-category primers menu-item-color_ primers' data-key='primers'><a href='https://test.rooster.money/primers/' title='Primers' data-tracking='{"event":"event","category":"Primary Navigation","label":"Primers","action":"Click-Primary Navigation-Primers","value":""}'>Primers</a>
</li>
</ul>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-feature menu-item-has-children the-app menu-item-color_ the-app' data-key='the-app'><a href='https://test.rooster.money/feature/pocket-money-allowance-tracker/' title='The App' data-tracking='{"event":"event","category":"Primary Navigation","label":"The App","action":"Click-Primary Navigation-The App","value":""}'>The App</a>

<ul class="sub-menu">

<li class='menu-item menu-item-type-post_type menu-item-object-feature stars menu-item-color_ stars' data-key='stars'><a href='https://test.rooster.money/feature/kids-reward-chart-app/' title='Stars' data-tracking='{"event":"event","category":"Primary Navigation","label":"Stars","action":"Click-Primary Navigation-Stars","value":""}'>Stars</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-feature virtual-money-tracker menu-item-color_ virtual-money-tracker' data-key='virtual-money-tracker'><a href='https://test.rooster.money/feature/pocket-money-allowance-tracker/' title='Virtual Money Tracker' data-tracking='{"event":"event","category":"Primary Navigation","label":"Virtual Money Tracker","action":"Click-Primary Navigation-Virtual Money Tracker","value":""}'>Virtual Money Tracker</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-feature chores menu-item-color_ chores' data-key='chores'><a href='https://test.rooster.money/feature/chore-app-rooster-money/' title='Chores' data-tracking='{"event":"event","category":"Primary Navigation","label":"Chores","action":"Click-Primary Navigation-Chores","value":""}'>Chores</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-feature rooster-card menu-item-color_ rooster-card' data-key='rooster-card'><a href='https://test.rooster.money/feature/the-rooster-card/' title='Rooster Card' data-tracking='{"event":"event","category":"Primary Navigation","label":"Rooster Card","action":"Click-Primary Navigation-Rooster Card","value":""}'>Rooster Card</a>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-feature rooster-labs menu-item-color_ rooster-labs' data-key='rooster-labs'><a href='https://test.rooster.money/feature/labs/' title='Rooster Labs' data-tracking='{"event":"event","category":"Primary Navigation","label":"Rooster Labs","action":"Click-Primary Navigation-Rooster Labs","value":""}'>Rooster Labs</a>
</li>
</ul>
</li>

<li class='menu-item menu-item-type-post_type menu-item-object-page pricing menu-item-color_ pricing' data-key='pricing'><a href='https://test.rooster.money/pricing/' title='Pricing' data-tracking='{"event":"event","category":"Primary Navigation","label":"Pricing","action":"Click-Primary Navigation-Pricing","value":""}'>Pricing</a>
</li>
</ul>      </div>
    </div>
  </div>
</div>

<div class="page-container" id='js-rooster-container'>
    <div
    class='header header_animation header_bordered'  id='js-rooster-header'>
    <div data-affix class='is-top'>
      <div class="header_background js-header-main">
                  <div class="header_rowuser-banner">
            NatWest Rooster Money is currently only available in the UK
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</a>
            <div class='header_grid-col header_grid-col-left'>
              <div class="brand" itemscope itemtype="https://schema.org/FinancialService" itemname="RoosterMoney">
        <a href="https://test.rooster.money/" class="brand_link brand_nwrm" rel="home"
         itemprop="url">
        <span class="brand_title" itemprop="name">NatWest Rooster Money</span>
            <svg class="brand_svg brand_nwrm" data-name="Layer 1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" viewBox="0 0 1420.1 379.4">
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        4th January 2021<time></time><span class="meta-separator">&#124;</span>
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      <h1 data-title>#3 Wizard Chess</h1>
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				<p class="lead-paragraph"><span>This is one of our faves as it always blows our mind! A great visual way to show the power of compound interest &#8211; and all you need is a chess or drafts board, and some old coins, or anything you can stack on top of each other really.</span>
</p><h2 id="the-activity-wizard-chess">The activity: Wizard Chess</h2><p><span style="font-weight: 400">Get a couple of big bags of pennies (or anything that’s stackable, like drafts pieces, or small, like rice grains), and a chessboard. Ask your child to put 1p (or 1 grain of rice) on the first square, double it to 2p on the second square, double again to 4p on the third square, and so on. Ask them to estimate how many pennies they will have used by the time they reach the end of the first line on the board, or how many squares they’ll cover before the pennies run out. </span></p>
<h2 id="tip">Tip</h2><p><span style="font-weight: 400">Is they fill the whole board, that would equate to 18,446,744,073,709,551,615 pennies (or grains of rice). So maybe set their expectations!</span></p>
<h2 id="take-it-further">Take it further</h2><p><span style="font-weight: 400">The overall lesson here is to show the power of compound interest (i.e. what happens when you earn interest on top of interest on top of interest etc.) so for older kids you can start to explain that concept to them too (using our guide <a href="https://admin.test.rooster.money/talking-compound-interest/">here</a>). </span></p>
<p><a style="background-color: black;color: white;text-decoration: none;padding: 4px 6px;font-family: -apple-system, BlinkMacSystemFont, 'San Francisco', 'Helvetica Neue', Helvetica, Ubuntu, Roboto, Noto, 'Segoe UI', Arial, sans-serif;font-size: 12px;font-weight: bold;line-height: 1.2;border-radius: 3px" title="Download free do whatever you want high-resolution photos from Darío Martínez-Batlle" href="https://unsplash.com/@dariomartinezb?utm_medium=referral&amp;utm_campaign=photographer-credit&amp;utm_content=creditBadge" target="_blank" rel="noopener noreferrer"><span style="padding: 2px 3px">Darío Martínez-Batlle</span></a></p>
<h2 id="don%e2%80%99t-forget-prizes-for-sharing">Don’t forget: Prizes for sharing</h2><p>COMPETITION HAS NOW CLOSED.  <a href="https://www.instagram.com/roostermoneyhq/?hl=en">Follow us on instagram</a> to make sure you catch the next one.</p>
<h2 id="got-any-more-activity-ideas">Got any more activity ideas?</h2><p>Please share with us at <a href="mailto:hello@admin.test.rooster.money">hello@admin.test.rooster.money</a> and we&#8217;ll share as many as we can on social, giving you the credit of course :)</p>
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