Create a budget for a pretend shopping trip

⏱️ 15-20 min 📊 Beginner 📚 Learning

About This Idea

Practice financial literacy by planning purchases within a budget. This 15-minute math activity teaches budgeting, addition, prioritization, and decision-making. Use real store websites or catalogs to make it authentic.

#financial-literacy#budgeting#math#life-skills#decision-making

📑 Table of Contents

How to Get Started

SET YOUR SCENARIO & BUDGET (3 minutes)
  1. Choose a scenario:
  2. - Option 1: 'You have $50 to buy school supplies'
  3. - Option 2: 'You have $100 to plan a birthday party'
  4. - Option 3: 'You have $30 to buy gifts for 3 people'
  5. - Option 4: Create your own
  6. Write your budget at top of page
BROWSE & MAKE WISH LIST (5 minutes)
  1. Look at real websites (Amazon, Target, etc.) or catalogs
  2. Make a wish list of everything you want
  3. Write down each item and its price
  4. Don't worry about budget yet—just list what interests you
  5. Example wish list for $50 school supplies: Backpack $35, Notebooks $8, Pens $5, Binder $7, Calculator $15 = $70 total
ADJUST TO FIT BUDGET (5 minutes)
  1. Add up your wish list total
  2. Are you over budget? (Usually yes!)
  3. Now make tough choices:
  4. - What do you NEED vs. WANT?
  5. - Where can you find cheaper alternatives?
  6. - What can you cut?
  7. Example: Drop calculator ($15), choose cheaper backpack ($25), now total is $45—under budget!
REFLECT ON CHOICES (2 minutes)
  1. Why did you keep certain items?
  2. What was hardest to cut?
  3. How did you decide what's worth the money?

What You'll Need

Recommended Resources

🛠️ Tools & Apps

  • Calculator
    Add up totals
  • Store Websites 🔗
    Browse real prices

📚 Tutorials & Learning

  • Khan Academy: Financial Literacy 🔗
    Free budgeting lessons
  • Practical Money Skills 🔗
    Financial education for students

👥 Communities

  • r/FinancialLiteracy 🔗
    Learn money management

Progress Milestones

Track your progress with these key achievements:

1
5 minutes
Created wish list with prices
2
10 minutes
Adjusted budget to stay within limits
3
15 minutes
Finalized budget and reflected on choices

Common Challenges & Solutions

Every beginner faces obstacles. Here's how to overcome them:

⚠️ Everything I want costs more than my budget
Solution: Welcome to real life! This is what adults deal with constantly. Look for cheaper alternatives, prioritize needs over wants, or increase your 'income' in the scenario. Learning to make trade-offs is the lesson.
⚠️ Hard to decide what to cut
Solution: Ask: Will I use this daily or rarely? Can I borrow this from someone? Is there a cheaper version? Will I still want this in a week? These questions help prioritize.

Share Your Progress

Celebrate your achievements and inspire others:

Reflection Prompts

Deepen your understanding with these thought-provoking questions:

1
What was hardest about staying in budget?
2
How did you decide what was most important?
3
How is this like real adult budgeting?
4
What did you learn about making financial choices?

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