1. Agenda this week
Let’s talk about personal financial literacy! Budgeting is important!
Today: the bean game
Tomorrow: creating a salary-based budget
*extra credit: budgeting
Wednesday: finish the above, plus needs vs. wants
*extra credit: will your job be done by a machine?
Thursday: can you make it as an uber driver? And other simulations
Friday: student surveys, plus filing taxes!
Shillinglaw for the rest of the year, starting Monday
Monday: REVIEW
Tuesday and Wednesday: FINAL !!!!

2. Budgeting 21 students turned in their homework
19 spent money, 2 didn’t
Before we move on, predict:
What did people spend the most money on?
What do you think the average amount spent per student was?
What do we think the average was?

3. Budgeting 21 students turned in their homework
19 spent money, 2 didn’t
Of the 19 that did…
Range: $ $360.00
Average weekly expenditures: $109.29
Most money spent on lunches and gas
What do we think the average was?

4. The Bean game
But, with paperclips

5. The bean game
Managing money means making choices. There is never enough money available for all of the things we’d like to have or do (scarcity!). Let’s figure out what’s most important to you!
Me! My husband’s in grad school and works three days a week at a coffee shop. I teach and get paid nothing, and have a second job to help cover costs.

6. The bean game
You can either play individually, or with one to two partners
Every group gets 20 paperclips
How are you going to spend your income?
You “pay” for items with paperclips

7. The bean game: Round one
Each individual/group must select ONE item in each of the categories with the gold stars
Food, housing, furnishings, transportation, insurance, and clothing/laundry
Once you have done that, you may use your remaining paperclips until you have used up your 20 paperclip income

8. The bean game: Round one
Each individual/group must select ONE item in each of the categories with the gold stars
Food, housing, furnishings, transportation, insurance, and clothing/laundry
Once you have done that, you may use your remaining paperclips until you have used up your 20 paperclip income

9. The bean game: Round Two
Your income just dropped to 13 paperclips.
What changes will you make? Make changes until you only have 13 paperclips left.

10. The bean game: Round Three
You’re still living on a 13-paperclip income
Your sister just broke her leg playing soccer. If you have insurance, you don’t need to do anything. If you don’t, remove three beans.

11. The bean game: Round Four
You’re either living on a 13- or 10- paperclip income
Hey! Your mom just got a two paperclip raise! Decide where it should be spent.