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Updated 2/24/22
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The Bean Game stands out as a teacher and student favorite! Why? It has a simple set-up, it's student-centered and applies core budgeting principles such as wants vs. needs and adjusting for financial hardships.

NGPF has developed a Bean Game Virtual Map where students can make their choices on the map with numbers in a spreadsheet instead of beans on a paper map. And, it's available in Spanish too!

At the top right corner of the map, students will see their current spending amount. If it surpasses 20, the cell will change to red indicating that they are over budget and need to reallocate their funds accordingly.

This game takes on even more relevance in light of the financial adjustments that many families are making now during a global pandemic.

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To take the game a step further, Jane Viau, an educator from New York City, extended this activity by developing additional "Life Happens" scenarios and events where students select strips of paper during the game. To do this virtually, you might call on one student at a time and have them select a number from 1 to 12. You could then read the event that corresponds to that number from the list below.

Here are the events and their impact:

(You can also access the Google Doc with the events if you want to cut into slips of paper.)

#1: You broke your leg. If you have health insurance, you don't need to do anything. If you don't have health insurance, take off 3 beans.

#2: You just got a 2-bean raise! Decide where it should be spent.

#3: The real estate market is booming and landlords have raised rents this year. If you're living with relatives, do nothing. If you're sharing an apartment with roommates or live alone, take off 2 beans.

#4: Your cable bill has increased. If you don't have cable, do nothing. If you have cable, you must move one of your beans to cable from another spot.

#5: Your car needs new tires. If you don't have a car, do nothing. If you have a car, take off 2 beans.

#6: Your best friend is getting married and has asked you to be in the wedding party. Move 3 beans to the last category under "Gifts" from another spending category.

#7: Your winter coat has ripped and cannot be repaired. You must replace it. Take off 1 bean.

#8: Your microwave broke and you need to replace it. Take off 1 bean.

#9: An air conditioner leak from your upstairs neighbor destroyed your computer. If you have renters insurance, do nothing. If you don't have renters insurance, take off 2 beans.

#10: The stove in your apartment has broken and the landlord informed you that it will take a month to replace it. You will need to utilize the middle section in the Food category [3 beans] since you are unable to cook any hot meals at home; make any necessary adjustments in your bean allocation.

#11: Your friends are taking part in a summer share in a beach house this summer and asked you to join them. If you decide to do this, you must allocate 3 beans to the last section in the Recreation category. If you decide to pass on this opportunity, do nothing (but know that you'll miss all the fun and inside jokes.)

#12: The mattress got ruined and must be replaced. Take off 1 bean.

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Thanks to Lynne Tierney for this teacher tip on how to set up for asynchronous learning:

If you need to make the wild cards asynchronously viable, you could try this tool: https://wheeldecide.com/. I haven't tried it yet, but some friends have been swearing by it. I'm going to try to put the wild cards in the wheel and tell the kids to spin it at certain times in the game.

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Looking for more Budgeting activities? Check out the Budgeting Unit page for lesson and activity ideas.

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budgeting games for high school students

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NEW! Virtual Version of the Bean Game (and Extension Activity too) - Blog

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The Bean Game for Budgeting is a teacher and student favorite! Apply core principles. Adjust for financial hardships. Win!

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What's the purpose of a budget?

Budgeting isn't about depriving yourself; it's about taking control of your money. This can make it easier to achieve short-, mid- or long-term goals.

Making a budget shouldn't feel like a punishment. Remember, it's a plan for all of your money - that includes money for fun stuff, too.A budget doesn't have to be rigid. In fact, it should change as your circumstances change - when you get a raise, for example, or become a homeowner. Budgets can be reviewed and updated periodically. Some people choose to do this monthly, bi-monthly or twice a year, depending on life changes that occur. The idea is to make your budget as personalized as possible, leaving room to adapt. Surprises (and mistakes) will happen.

Why is budgeting important?

Understand your relationship with money. Tracking your income and expenses paints a clear picture of how much you have to save or spend. Once you spot patterns, you can identify where to make adjustments. Maybe you spend less than you earn (way to go!) but you're paying for some subscriptions or services you no longer need.

Save for the future. A good budget coaxes you to earmark money for an emergency fund and savings goals like a vacation or retirement. Here's how to work out how much you should save each month .

Get - or stay - out of debt. Mapping out expenses in advance reduces the risk of overspending and can help you pay off debt you already have.

Relieve stress. Budgeting isn't a cure-all, but it can help you manage financial decisions and prepare for challenges.

How do you start a budget?

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Budget Definition: What Is a Budget? - NerdWallet

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A budget is a spending plan for a certain length of time based on income and expenses. Budgeting can help you see where you stand and take control of your money.

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Help Enzo manage his budget, reach his savings goal, and make it to Vegas.

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What's The Difference Between Lease and Rent? | English Vocabulary For Real Estate

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Bike on a Budget - Renting, Leasing, Buying in NC

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Bike on a Budget - Renting, Leasing, Buying in NC

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Lesson Plan: Bike on a Budget - Renting, Leasing, Buying in NC

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15-Minute Interactivity: Final Bike Debate

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Standards Project:  EPF.MCM.1 Understand money management skills and strategies