The Budget Game

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Step One

Students Start The Game

Students progress through 6 “months” of the game as a college student, then graduate with 12 "months" as a full-time employee - with each month taking about 20 minutes to complete.

 

Your students’ goals are to build their net worth by transferring money from their checking account to savings, and build up their credit score by responsibly covering cash flow shortfalls (and paying off their balance on time).

“Life Events” crop up every couple days, with unplanned expenses (and occasionally income) putting pressure on their budget – requiring careful planning!

 

Class rankings tie everything together, with students able to compare their net worth, credit score, and overall score with their classmates!

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Step Two

Life Happens, Learning Begins!

Your students will begin as a college students.  Then may continue for another year, as a full-time workers, with all new challenges.

Students will now start the game and immediately set their budget for the upcoming month. Including their expected income and expenses, as well as their savings goals BEFORE choosing their apartment, meal plan, internet and cell phone plans.

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Students will now start the game and immediately set their budget for the upcoming month. Including their expected income and expenses, as well as their savings goals BEFORE choosing their apartment, meal plan, internet and cell phone plans.

 

As they progress, they will be challenged to:

  • Set savings goals each month, with bonus points for saving at least 10% of every paycheck

  • Learn to estimate variable expenses based on their historical spending

  • Improve their Credit Score by responsibly using their credit card and keeping their balance low

  • Maintain their Work/Life balance by choosing how to spend their weekends – socializing, taking care of chores, working extra hours, or conducting professional development

  • Build their Quality of Life by spending money wisely – students cannot succeed by just cutting their spending to the bare minimum to survive

  • Understand long-term consequences, as students are hit with “Life Events” (usually an unplanned expense), every few days. Their choices from these events have long-term impacts on how the game progresses for each student.

Students progress through the game, with similar (but not the same) events happening across the class. Students taking a risk will sometimes pay off, but sometimes it comes back to bite! This is an awesome starting point for class discussions – who did what, and how did it pay off?

While students work through the budgeting game, they also work through the lessons from the curriculum library (with built-in assessments) for a complete learning experience!  Register for free Personal Finance Lab teacher workshops.

Call us if you would like to have greater access to the Personal Finance Lab from StockTrak, at 570-975-5149.

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