Alright…let’s move on to many more fun budgeting activities with PDFs and financial scenarios for students. During a budgeting exercise many companies may uncover that their own policies contribute to excessive spending. By addressing the company policies regarding spending or budgets you may be able to save hundreds simply with a new budget process. Your company might investigate how stringent reimbursement policies are or the process for employee travel.
Build a savings “first-aid kit”
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Here is a list of our partners and here’s how we make money. Then, have them work through these worksheets to understand how to make large-purchase decisions better. Paying bills is a critical adult money skill…yet I’ve seen hardly any lessons around this. Students will review what various college payment choices are out there, and learn about each (such as scholarships, grants, loans, etc.).
Financial Literacy and Budgeting Games for High School Students
My family and I were deep in consumer debt (to the tune of $42,000) and desperate for change. This online game guides kids through a shopping trip with financial literacy questions along the way. It’s simple but a terrific way to introduce a discussion on spending, saving, and budgeting. Budgeting activities like this one help students learn what to do when unexpected expenses crop up.
Use budget-planning worksheets
You can either use it to teach the how to budget for an occasion, OR, you can use it to teach them how to budget in general. You can start a new savings goal by inputting how much it will cost to get, how much you have now, and then the date that you want to meet your goal by. You then add in transactions towards your goal, and it automatically tracks your progress. This means each budget cycle is synced with their paycheck cycle, helping them to understand how to not overspending on their next payday. Thus, don’t hesitate to make efforts and start with your journey to achieving a healthy financial life. However, spending on your short-term goals will only give you temporary happiness.
Simply Unscripted Budget Binder Printables
Playing this game will teach you money management skills and how to devise clever strategies to achieve your long-term objectives. The important thing is that you are learning, and putting that knowledge into action! Any of the games above can be a great supplement to a personal finance course. If you have a favorite finance game that would fit on this list, let us know by using our contact page. Money Magic was created to help teach budgeting skills to young adults.
This would require an individual to have strong decision-making power, clarity of their goals, and the capability to stick to their budgeting norms. Then, have the team construct a map of their financial future that includes a plan for their schooling and a budget for their homes based on their expected future earnings. Create entertaining vision boards with their money maps using images from magazines, art supplies, and other resources. I’ve got a whole article on cool things for teens to save up for, so I’m all about financial literacy activities helping teenagers figure out their next savings goal. So, here’s an eye-opening experience for your students – use this video and worksheet from Wharton High School to teach them about retail marketing tactics (aka, getting teens and adults to spend more money).
- It’s like having a personal money coach in your back pocket.
- A corporate budget is one that has been constructed by high-level executives for the company at large, including specifications for each major and minor department.
- I hope you can use these teen budget resources and free printable budget worksheets for students to help your teenager with the budgeting process.
- Now that I had my printable budget worksheets, I could create a money management system that worked for my family.
Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities. You’ll get access to an Emergency Fund Savings Tracker worksheet, a Bill Pay checklist, and more. The second step I took was probably the most life-changing as far as our money was concerned. I started tracking every dime we spent, recording what we spent it on.
Along with a budget worksheet, you can get a debt snowball worksheet, a password tracker, and a savings tracker. There are budget worksheets, five-week paycheck summary sheets, debt payment irs announces 2019 mileage rates worksheets, and more. Once you download the worksheets you can choose the color you want to print. I started using budget worksheets and other printable budget tools out of desperation.