7 Fun Budget Activities For High School Students


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Page last updated: 24/09/2022

7 Fun Budget Activities For High School Students

In this article, we will look at 7 fun budget activities for high school students. This article also looks at a few tips on practical budgeting.

7 Fun Budget Activities For High School Students

Here are 7 fun budget activities for high school students:

  • Make a buying plan
  • Develop the power of optimistic thinking
  • Give pupils a budgeting lesson
  • Teach grocery shopping and meal preparation to your students
  • Encourage kids to participate in a game of chance
  • For a week, put yourself in someone else’s shoes
  • Assist them in comprehending how human needs and desires have evolved

Make a buying plan

Make a list of up to ten items that students would want to purchase. These things come in a variety of pricing ranges, but they inspire students to envision as large as they want. 

Then, encourage students to work in groups to find the similarities and differences between their chosen items. Ask students to describe why they picked these objects and to respond to some more leading questions as a part of this activity.

What are the personal values represented by these items? How will these things assist them in achieving their objectives? Will they be pleased with those items? 

Then, have students make a buying plan for a couple of the items they want to acquire in the coming year. Help them select how they’ll afford the purchase depending on whether they have a job, get an allowance, or have a savings account, and help them customize each plan.

Develop the power of optimistic thinking

Reading articles to students, showing them YouTube videos, and inviting speakers who have either improved their financial condition or gained riches via excellent habits to talk to your class may go a long way. Ask, “What would you do if you had a million dollars?” and then offer them the chance to ponder, write, or make and present a vision board. To assist students in developing individualised plans, conduct one-on-one or group discussion sessions with them.

Give pupils a budgeting lesson

What type of way of living do your pupils desire? With this reality check tactic, they may explore possibilities and aspirations (such as what sort of money they’ll require). What effect will this have on their future plans? What sort of income will they require? Prepare yourself: There will be enlightening conversations involved!

Teach grocery shopping and meal preparation to your students

Encourage your students to prepare meals on a budget. Either have parents sign permission papers and send the money for an actual trip to the grocery shop, or build a fictional grocery list using an internet service. Assist students in planning and preparing a week’s worth of meals.

Students evaluate how they spent their cash at the end of the week: did they eat sufficiently or maybe too much? Was the food they bought wholesome? This game allows students to evaluate how access to food and financial condition are related, as well as how spending habits encourage wellbeing.

7 Fun Budget Activities For High School Students

Encourage kids to participate in a game of chance

Every youngster should assess the expense of school against the amount of money they desire to make from their chosen profession. Ask students to imagine their future lives and put down the following: 

  • a desired job (which would include stay-at-home parent)
  • the number of children they believe they desire
  • the locality in which they choose to settle

Then have students build a financial future roadmap, which includes a plan for their school as well as a household budget based on their expected income. Create vision boards using images, magazines, and creative materials to go along with their financial maps.

For a week, put yourself in someone else’s shoes

Inquire of students how much they believe the average individual spends in a week. Then be ready to do some investigation! Assign diverse situations to students, such as single, married, kids, student loans, vehicle payments, and so on. With this worksheet, students will establish and maintain a budget using information from news stories and other sources.

Are they able to meet their financial responsibilities and keep to their budget? Students may add up all of a person’s expenses on any particular day, along with the minor ones that are easy to overlook. Students can compare their group’s spending to their predictions at the conclusion of the week. This exercise inculcates empathy as well as financial acumen!

Assist them in comprehending how human needs and desires have evolved

A photographic presentation can demonstrate how people’s lifestyles have evolved throughout time. In the past, a smartphone, for instance, was not regarded as a necessity. Let students guess what future needs will be, then display objects from the past and now to separate into needs and desires categories.

Reflecting on needs vs. desires is an essential technique to improve students’ cognitive abilities and help them develop the power of metacognition—thinking about their own ideas, behaviours, and decisions.

Some Other Tips For Students

Put Your Budget On Paper

There are a plethora of options for budgeting, whether you’d like to use an excel spreadsheet, write it down on paper, or utilise a budgeting pdf template. You have alternatives, from the budgeting applications available today to all of the fantastic tools available online. What matters is that you maintain track of your spending by making a detailed budget plan that you can return to.

Hold Yourself Accountable

The final and most crucial task is to hold yourself accountable. Even if you accomplish steps one to seven, you won’t be likely to maintain your budget if you don’t hold yourself accountable.

Creating a budget is excellent, but you’ll lose track of your final objective if you don’t remind yourself why you’ve been budgeting in the very first place. Your ultimate objective might be to save for a house, pay off debt, or just take another step toward financial independence. You earned it, whatsoever your “why” is. You put forth a lot of effort to earn this money.

Maintain accountability by checking in with your budget on a frequent basis. Develop a habit to examine the budget you created in step 2 at least once a month. Do it on a weekly basis if you’re down for it. This is where you’ll see your short-term expenditures mount up, enabling you to keep track of before it is too late at the end of the month.

Reward Yourself For Staying On Budget

Setting objectives and rewarding yourself is a great strategy to improve your chances of budgeting success. Make a plan to save a certain amount of money to pay off debts by cutting back on frivolous expenditure such as dining out, partying, and shopping. Treat yourself with a modest indulgence with something pleasurable when you reach your savings target.


In this article, we looked at 7 fun budget activities for high school students. This article also looked at a few tips on practical budgeting.

Frequently Asked Questions: Budget Activity For High School Students

How do you teach students to budget?

Earnings: Ask students to consider additional sources of income that persons could have using the Sample Budget.

Expenses: Tell students that keeping a monthly cost diary might assist them figure out their spending habits when they first start budgeting.

Compare your expenditure to your earnings.

What is the 50 30 20 budget rule?

In her book, All Your Worth: The Ultimate Lifetime Money Plan, Senator Elizabeth Warren popularised the so-called “50/20/30 budget rule” (also known as “50-30-20”). The main approach is to split after-tax income into three categories and spend 50 percent on necessities, 30 percent on wants, and allocate 20 percent to savings.

How can I make a budget?

How do I make a budget?

Make a list of your expenses. Expenses are the things you spend your money on.
Make a list of how much money you earn. This covers your wages as well as any additional money you get, such as child support.
Subtract your expenditure from your gross income. This figure must be greater than zero.

What is a good budget for rent?

Take a look at the 30% rule. The 30 percent rule, which states that you should spend roughly 30% of your gross income on rent, is a common rule of thumb. So, if your monthly income is $2,800 before taxes, you need a budget of $840 for rent.

What two things should be included in a budget?

All the budget categories can be clustered into five essential things: income, fixed expenses, variable expenses, discretionary expenses, and personal financial goals. Fixed expenses are ones you cannot do without, like rent, food, and insurance.

What is the 30 day rule?

The 30 day saving strategy is simple: the very next time you’re thinking about making an impulse purchase, put it off for 30 days. If you even then wish to buy it after those 30 days, go ahead and do it.

Why is it not recommended to pay off debt with savings?

Savings should not be used to pay off debt. If you deplete your savings and need to utilise credit cards or loans to meet costs during a time of unforeseen unemployment or a medical emergency, you run the risk of getting back into debt.

What are optional expenses?

Expenses that are “optional” are those that you CAN ABSOLUTELY survive without. These are also costs that can be delayed if your budgeting objective permits it or if your expenditure exceeds your income. Novels, TV, the internet, expensive meals, and films are all examples.

What is an example of a non-discretionary expense?

Non-discretionary and discretionary expenses are separated into two groups. Accommodation, taxes, debts, and groceries are examples of non-discretionary expenditure; discretionary expenses would be any expenses incurred over or above what is regarded as essential.


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