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Description

Work in teams to tackle real-life money challenges and make smart choices with a set budget.

https://www.scouts.org.uk/activities/budget-like-a-boss/

Resources

Pens or pencils
A4 paper
Calculator or Phone
Access to the Internet
Printed Copies of the Scenarios for each group
Budgeting sheets (optional)

Instructions

Get into small groups. Make sure each team has pens and paper, access to a calculator and devices with access to the internet to check product prices.

Each group should choose three budgeting scenarios. In each scenario, they'll have a set amount of money and a goal to reach. The team that manages to achieve their goal with the most money let over will win.

Work together to find some accurate costs online, then plan how to spend your budget. You could use the budgeting sheet to help you. At the end of each one, work out how much money you have got left over.

When everyone’s finished their three budgets, gather back together as a whole group.

Each team should present their budgets and explain how they prioritised their spending. See which team had the most money left over from the budget, but make sure they didn’t miss anything out!

Tags

• budget planning
• Money Skills
• skillsforlife
• teamwork

Badge Links

• Money Skills - Plan for future