Description: |
Participants learn how to create a home budget and practice annual budgeting by playing a game with envelopes. They explore the concepts of spending, borrowing and saving, in order to learn how to manage their own money and plan their budget. |
Aim: |
- to learn that money is not meant for spending only but also for saving, investing and donating;
- to instil and cultivate financial culture in young people and foster financial intelligence around reasonable spending and handling of money;
- to create awareness of the importance of spending plans, and the careful analysis of one’s needs, desires and possibilities within a given budget;
- to recognize the risks associated with numerous advertisements and how they can affect one’s budget;
- to understand the difference between gross and net income, budget surplus and deficit;
- to learn that saving is not a luxury but can also be a safe haven;
- to teach young people not to over-borrow;
- to explain to young people that financial education will help them lower stress levels and sleep better.
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Duration: |
45 minutes |
Target age group: |
14 |
Number of participants: |
If played individually – 10, if played in two-member teams – 20, if played in three-member teams – 30. |