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. 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! 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. Each child gets a Budget Options Sheet, which has three different options for each budget category that they can choose from. Everyone goes through 12 rounds, or 12 months, of decisions. Good news is that players can adjust their budgets for each payday, meaning they can learn to get more and more accurate when it comes to estimating their spending needs.

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 That way, they’re self-discovering budgeting money lessons both from the budget board game, AND from actually budgeting in real life. 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.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.

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. 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). Looking for a great budget board game to help your child self-discover some important money management life skills? 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 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.Even better – you could use one of these budget games for youth alongside them filling in their own budget sheets. While heading to Colorado to ski, kids will really need to focus on spending money wisely so that they can stay fed, keep gas in their car, and make it to their destination.

There are some great, free, budget games for youth out there that I’d like to highlight in this section. Are you looking for budgeting games to teach your kids some essential life skills? let me point you in the direction of some great onesI think monopoly is a brilliant game to teach kids about making and dsaving money, paying off debts, unexpeted life efforts that cost and the pleasure of building up a stash of cash 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. Kids are given a 20-bean-per-month salary, and need to make spending decisions using up all 20 beans. 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.

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. Kids are going on a cross-country trip with this online game, and they need to figure out how to budget for it. 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. Just like in real-life budgeting! 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.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) 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. 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. Students are randomly assigned a career and salary, and must then create their own spending plan around the money they have.