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This activity allows students to set and maintain a hypothetical budget through a chosen career path, family status, and then various financial choices. My students really enjoy this activity since it gives them a variety of choices and feels more like a game than schoolwork. In the end, students compare a predicted budget to what the actually "spent" in order to reflect on the difficulty of maintaining a budget.
Make sure to use the PowerPoint--this is where the choices for the budgeting activity are shown to the students.