You must budget both for real life monthly expenses, as well as for paying down that debt. However, just like in real life, you can’t just spend all your income on paying down debt. In typical-Dave-Ramsey-style, the focus of this game is getting gazelle-intense to pay down that debt you’re given as a new player (each player has to pick 3 debt cards). 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. Get ready to put your kids into debt…because everyone who plays this game starts off in debt!
I’ve got several to check out (and I’ve personally tried each of these). Looking for a great budget board game to help your child self-discover some important money management life skills? Psst: Looking for more budgeting activities? Here are 12 fun budgeting activities with PDFs. There are 4 rounds of play, with a specific discussion question after each round.Ī 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. Players get to decide how they will spend their budget, though there are required categories (such as food and rent) that they have to spend some in. Here’s an adorable, printable budget board that also uses jelly beans to stand in for money. Did you skimp on insurance? You lose 3 beans. If you used part of your salary to pay for insurance that month, then you’re good to go. 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.įor example, one month you might find out that someone in your family broke their leg. Kids are given a 20-bean-per-month salary, and need to make spending decisions using up all 20 beans. The winner of the game is the person who ends with $450 or more in savings, AND, a social well-being score of at least 96. Everyone goes through 12 rounds, or 12 months, of decisions.įor example, for the Food budgeting category, they can choose to spend either $40, $60, or $80 for the month – depending on what type of food they want to eat (inexpensive, all the way up to groceries from the “luxe grocery store”). 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.Įach child gets a Budget Options Sheet, which has three different options for each budget category that they can choose from. This is a budget simulation game, where teens are given a $300/month income to use to make financial decisions.
#Budget planner for teenager how to#
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.Īnd, it’s now a free printable anyone can download to use! 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. 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. There are “musts” that students will need to spend their beans on, and then there are other categories that they get to choose if they want, or not. 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. Psst: you'll also want to check out my tutorial on budgeting for kids.
There are some great, free, budget games for youth out there that I’d like to highlight in this section. Now, onto those budget board games – including free budget printable games, budget board games, and budgeting games for youth online. That way, they’re self-discovering budgeting money lessons both from the budget board game, AND from actually budgeting in real life.
Even better – you could use one of these budget games for youth alongside them filling in their own budget sheets.
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