Learning Advantage CRE4373-A1 The Budget Game

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I know it takes ages but it is worth it – it is one of those budgeting games that won’t feel at all like an eductaion but absolutely is. The budget game– The budget game at Nat West is for 8-12 year olds. It is online, interactive and it is so good! It is played over 12 weeks and encourages kids to manage their money by making choices. You get a “Life” card that tells you how much you earn for a living, what you do, what your family life looks like, and your monthly expenses. Not only does this game care about bills being paid and savings accounts increasing in size; you also get social well-being points depending on how a teen spends their money. Think of beans as money, and each student gets to figure out how they’d like to spend the 20 jelly beans they start this game with.

Students will answer a total of 15 financial literacy questions, and make 12 movie-related decisions (like decisions on marketing, on actors, etc.) that will determine if they can, in fact, produce a 5-star movie. For example, one month you might find out that someone in your family broke their leg. If you used part of your salary to pay for insurance that month, then you’re good to go. Did you skimp on insurance? You lose 3 beans. Here’s a twist on the “traditional” budgeting games out there – in this one, kids will need to plan their budget before they actually get to Payday on the board. Can you manage your money for three months? There are bills to pay, food and travel to budget for, plus loads of fun things to spend your money on. Get it right and your happiness will soar, but spend too much and you’ll have a financial headache!However, just like in real life, you can’t just spend all your income on paying down debt. You must budget both for real life monthly expenses, as well as for paying down that debt. I was then given the decision of different types of housing with various costs (from renting a room from my parents, all the way to owning a home), and other types of options in each of the following categories:

Here’s a mama who took control of her fears that her teens didn’t know how to create a monthly budget…by creating her own game for it. They also provide some great discussion questions, such as what tradeoffs students were willing to make to afford other things, what difficulties they felt during the process, etc. Even better – you could use one of these budget games for youth alongside them filling in their own budget sheets. This game uses national averages for salary and costs to help students determine how much their “dream” adult life will cost…and if they can actually afford it. Students are randomly assigned a career and salary, and must then create their own spending plan around the money they have.That way, they’re self-discovering budgeting money lessons both from the budget board game, AND from actually budgeting in real life. Now, onto those budget board games – including free budget printable games, budget board games, and budgeting games for youth online. Budget Games for Youth (Free Printables)

Looking for a great budget board game to help your child self-discover some important money management life skills? Hint: if you want to give students a taste of joint spending decisions (like the kind they’ll encounter with a partner or spouse one day), then pair them up with another student to work on this together. Teen Budgeting Game Here you’ll find the best budgeting games for youth online, including online budget simulation for high school students and middle school students. Lights, Camera, Budget Psst: Looking for more budgeting activities? Here are 12 fun budgeting activities with PDFs. Budget Board Games Once kids make their choices for what quality they want in each category, they then fill out how much they’ll spend on that choice each month (take a guess).What makes this one different from The Bean Game Activity – aside from the cute printables – are the life issues and circumstances being thrown at teen teams who are playing it. There are some great, free, budget games for youth out there that I’d like to highlight in this section. A scenario is thrown to the players each round as well, and depending on their choices, they’ll be in for a reward, or a penalty.