Budgeting Activities

ANALYZE: Student Loan Repayment

In this activity, students will be able to:

  • Estimate their student loan debt (based on college), then use the Loan Repayment Calculator to compare their monthly payments based on repayment plan.

CALCULATE: Unit Price

In this activity, students will be able to:

  • Calculate unit price and then use their answers, as well as other factors, to make decisions about grocery shopping.

COMPARE: Find an Apartment

In this activity, students will be able to:

  • Identify criteria to use when selecting an apartment 
  • Calculate how much they can allocate towards housing in their budget 
  • Search for and compare various apartments that fit within their budget
  • Select an apartment that meets their needs 

COMPARE: Needs vs. Wants (Sp)

In this activity, students will be able to:

 

  • Prioritize budget items to determine their needs vs. wants.
  • Consider how their values and budget ultimately determine how they spend their income.
  • Available in English & Spanish

COMPARE: Select a City to Live In

In this activity, students will be able to:

  • Choose 5 US cities to compare using cost of living and economic growth measurements.
  • Choose which would be best for them and do an apartment search to determine where they could afford to live.

COMPARE: Select a Health Insurance Plan

In this activity, students will be able to:

  • Compare the costs and advantages of various health insurance options.
  • Search on the Affordable Care Act marketplace for plans.

COMPARE: Select Your Utilities

In this activity, students will be able to:

  • Research the cost of utilities for an apartment in the city of their choosing.
  • Prioritize to fit their budget.

CREATE: A Salary-Based Budget (Sp)

In this activity, students will be able to:

  • Follow multi-step directions to complete a full adult budget including housing, transportation, food, insurance, student loans, etc.
  • Reflect on the adult budget they’ve completed and assess how their choices impact their lifestyle.

CREATE: Monthly College Budget

In this activity, students will:  

  • make choices regarding income in college
  • set aside money to pay yourself first in savings
  • create a monthly budget to follow during freshman year
  • and then reflect on the process of budgeting.

PLAY: The Bean Game

In this activity, students will be able to:

  • Practice budgeting basics using The Bean Game
  • Understand the impact a restricted budget can have on their spending habits
  • Reflect on their personal budgeting choices 

READ: How Much Can You Cut Your Heating Bill?

In this activity, students will be able to:

  • Read an article describing how heating bills can be lowered using simple changes at home.
  • Calculate how much they can save on a heating bill.
  • Embark on a Biggest Loser challenge to cut their heating bill by more than anyone else in their class!

READ: Stories of Loan Repayment

In this activity, students will be able to:

  • Read real-life stories of individuals’ student loan repayment choices, focusing on how they take advantage of options offered by the federal government.

RESEARCH: Do I Need a Car?

In this activity, students will be able to:

  • Choose a city and research the costs associated with non-car commuting such as bike ownership and public transportation.
  • Decide whether a car is a need or want for their lifestyle.

RESEARCH: Health Costs

In this activity, students will be able to:

  • Research the non-insurance costs associated with maintaining their health.
  • Make decisions about which expenses are priorities for them and which can be forfeited to remain on budget.

RESEARCH: Monthly Cost of Car Ownership

In this activity, students will be able to:

  • Do research on car costs such as purchase price, loan payment amount, insurance, fuel, and maintenance.
  • Compare these costs to their estimated monthly take-home pay.

RESEARCH: Who Has the Best Wireless Phone Plan?

In this activity, students will be able to:

  • Determine who has the best wireless phone plan for them.
  • Evaluate their current phone usage, deconstruct their current wireless plan and research other available plans to determine if they should stick with their current plan or make a switch.

RESEARCH: Your Monthly Food Budget

In this activity, students will be able to:

  • Choose their own research methodology to estimate their future monthly food costs of groceries and dining out.

ROLEPLAY: Living Paycheck to Paycheck (Sp)

  • Available in English & Spanish