Budgeting & Spending Smart

High school personal finance · Medium · 15-20 min

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About This Board

This board helps players review Life Skills · Budgeting through a Jeopardy-style game format on Kleveroo. It includes categories such as Budget Basics, Needs vs Wants, 50/30/20 Rule, Smart Spending, Goals. It is useful for classroom review, team trivia, family game night, test prep, and group play.

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Questions in this game

A peek at what's on the board — 5 categories and one sample clue from each. Answers stay hidden until you open them, so the game still works.

  • Budget Basics

    A plan for how to spend and save money.

    Show answer

    Budget

    +4 more clues in this category

  • Needs vs Wants

    Food, shelter, basic clothing are these.

    Show answer

    Needs

    +4 more clues in this category

  • 50/30/20 Rule

    Percent for needs.

    Show answer

    50%

    +4 more clues in this category

  • Smart Spending

    Comparing prices before buying.

    Show answer

    Comparison shopping

    +4 more clues in this category

  • Goals

    A goal you want in less than a year.

    Show answer

    Short-term goal

    +4 more clues in this category

Board content

Budget Basics

$100 — A plan for how to spend and save money.
Budget
$200 — Money coming in.
Income
$300 — Money going out.
Expenses
$400 — Income minus expenses.
Net cash flow
$500 — When expenses are more than income.
Deficit (in the red)

Needs vs Wants

$100 — Food, shelter, basic clothing are these.
Needs
$200 — Streaming, eating out, latest phone are these.
Wants
$300 — A 'fixed' expense example.
Rent / car payment
$400 — A 'variable' expense example.
Groceries / gas / entertainment
$500 — Spending that quietly drains your budget (subscriptions).
Recurring fees

50/30/20 Rule

$100 — Percent for needs.
50%
$200 — Percent for wants.
30%
$300 — Percent for savings/debt payoff.
20%
$400 — The 50/30/20 rule uses ___ income (gross or net).
Net (after-tax)
$500 — What you should do if you can't hit 20%.
Cut wants or increase income

Smart Spending

$100 — Comparing prices before buying.
Comparison shopping
$200 — A discount on a future purchase.
Coupon / promo code
$300 — Buying things you don't need on impulse.
Impulse spending
$400 — Cost per use over time.
Value per use
$500 — Wait this many hours/days before a big purchase.
24-72 hour rule

Goals

$100 — A goal you want in less than a year.
Short-term goal
$200 — A goal 1-5 years away.
Medium-term goal
$300 — A goal 5+ years away.
Long-term goal
$400 — SMART goals are specific, measurable, achievable, relevant and ___.
Time-bound
$500 — Tracking spending using these helps you see leaks.
Categories

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