# Budgetown

## Andrea Catania Sandy Rosetta Linda Wright

Instructional Objective The learner will be able to demonstrate life skills, increased consumer awareness, comparison shop, make good financial decisions, and budget.

Learners/Context The learners are current 6th through 9th graders in a career/lifeskills class or math classes.

This board game would be used after a unit of study on consumer awareness and financial life skills. Discussions would precede the playing of the game and a debriefing would follow.

Rationale The natural diversity of concepts for this content area is simplified by the use of a board game. In mastering this board game students converge all necessary criteria into one usable, easily manageable context.

Rules The object of the game is to pay all of your budget card amounts, collect your receipt tokens and have money left to go to Central Park and cash out.

Materials . Tokens for each business.

. Money in denominations from \$1 to \$1,000.

. Two dice.

. One marker per player.

. Chance cards.

. Calculator (optional).

Set Up Tokens must be distributed and placed face-down at each appropriate business. "Chance" cards must be placed face-down on the chance place. The banker (the only player who can use a calculator) divides the money by denomination from \$1 to \$1,000 along the side of the board. One marker for each player is placed in Central Park.

College, B& G Fast Food and Budgemart have limited tokens. Set out half the number of college degrees, Budgemart and B&G Fast Food tokens as there are players.

To Start 3- 6 players may play at any one time. To start, everyone places their marker in Central Park. Each player rolls one die to determine their beginning balance. The scale is as follows:

Roll 1 - 2 Player receives \$750.00

Roll 3 - 4 Player receives \$1,000.00

Roll 5 - 6 Player receives \$1,500.00

Player with the lowest number goes first, then play proceeds in a clockwise fashion. Before a player may leave Central Park, a decision must be made for either a car or a bus/subway pass.

The car is significantly more expensive than the bus/subway pass, but you use 2 dice for each turn. You must have one or the other to record transportation costs on your Budget Card and receive a transportation token. If you decide to buy a car, insurance and gas are included in the price. Make sure to get a token for each item. Using the bus/subway option gives you one die to roll for each turn. Make sure you record all costs incurred for either a car or bus/subway pass. When using the subway, you must stop your turn in Central Park.

You then continue in any one direction, per turn, until you reach the business of your choice. When you land on the business you collect a token and record the amount to be subtracted on your Budget Card. If a Chance card is drawn, you must follow the directions on the card. To finish the game a player must complete all 7 items on their Budget Card with the appropriate amounts recorded.

Strategies 1. To earn more money you must go to work. If you go to work, you miss two turns. Your salary is a base of \$500.00 less 10% for Social Security and taxes which are paid to the bank. If you have a college degree , roll one die and you receive additional salary by squaring the number rolled and multiplying by 20. Taxes and social security are deducted in the following manner:

Roll 1 - 2 Player pays 10% of salary

Roll 3 - 4 Player pays 20% of salary

Roll 5 - 6 Player pays 30% of salary

2. College, B& G Fast Food and Budgemart have limited tokens. There are half the number of college degrees, Budgemart and B&G Fast Food tokens as there are players.

3. If two players land on the same space, the second player must pay the first player 10 x the roll of one die.

4. Lottery -- You lose one turn if you play and must pay \$5.00. Roll both dice. If you get snake eyes or a double six, you win \$1,000.00. If you roll

anything else, you lose!!!

To Win The first player with all the tokens, their card filled out, and money left over may go back to Central Park for the win. The banker must check their calculations for accuracy. If you make a mistake, you must pay a "Miscalculation Penalty" of \$100.00. You must then take at least two turns before you can try to "win" again.

The second place person is the one with the next highest amount of tokens.

Sample Cards

Budget List

(Check off each item as acquired.)

__ 1. Rent: (roll 1 die) \$ ______ __ 6. Transportation:

__ 2. Renters Insurance: \$ 20.00 Subway/bus pass \$ 45.00

Car purchase \$ 775.00

__ 3. Gas & Electric \$ 20.00 (Includes Gas/Insurance)

__ 4. Phone \$ 25.00 __ 7. Rest and Relaxation:

__ 5. Food: (choose one) __ Concert \$ 50.00

B&G Fast Food (limited) \$ 400.00 __ Fun Center \$ 15.00

Mini Mart \$ 600.00 __ 8. Clothing:

Lucklie Groc.(draw) \$ ______ (token amount) \$ ______

All expenses are paid to the bank. You must choose a bus/subway pass or a car for transportation, not both. Buying a car allows 2 dice per roll, a bus/subway pass, 1 die. Generally lower prices drawing a fate card for Lucklie Grocery.

Budget Register

Starting Balance \$___________

Transaction Description of Transaction Payment/Debit Deposit/Credit Balance

No. To _____________________

______ For ______________________ \$-__________ \$+__________ \$___________

No. To _____________________

______ For ______________________ \$-__________ \$+__________ \$___________

Ending Balance \$___________