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    Mad City Money

    Uploaded by

    api-284610043
    This document provides instructions for a budgeting simulation game where the player takes on the role of an individual who recently graduated and got a job. The simulation walks the player through selecting housing, transportation, entertainment, and other expenses to build a monthly budget. It also has the player choose savings goals and make purchases at simulated stores. The goal is for the player to end the simulation with $100 or less remaining in their checking account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mad City Money

    Uploaded by

    api-284610043
    248 views7 pages
    This document provides instructions for a budgeting simulation game where the player takes on the role of an individual who recently graduated and got a job. The simulation walks the player through selecting housing, transportation, entertainment, and other expenses to build a monthly budget. It also has the player choose savings goals and make purchases at simulated stores. The goal is for the player to end the simulation with $100 or less remaining in their checking account.

    Original Title

    mad city money

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    © © All Rights Reserved

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    This document provides instructions for a budgeting simulation game where the player takes on the role of an individual who recently graduated and got a job. The simulation walks the player through selecting housing, transportation, entertainment, and other expenses to build a monthly budget. It also has the player choose savings goals and make purchases at simulated stores. The goal is for the player to end the simulation with $100 or less remaining in their checking account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    248 views7 pages

    Mad City Money

    Uploaded by

    api-284610043
    This document provides instructions for a budgeting simulation game where the player takes on the role of an individual who recently graduated and got a job. The simulation walks the player through selecting housing, transportation, entertainment, and other expenses to build a monthly budget. It also has the player choose savings goals and make purchases at simulated stores. The goal is for the player to end the simulation with $100 or less remaining in their checking account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Name

    ftie.,u [l'n^ *'* J

    lfif Euil**tmrkffid
    Welcome to the future in Mad City.
    I

    a job. You also have goals,


    just
    how much of your hard-earned
    expenses, and bills. Now you need a budget so you'll know
    money you can spend on day-to-day living expenses and, of course, how much you can save for
    future needs and wants.

    Congratulations! You graduated, maybe got married, and landed

    Direclions

    :.

    . Complete My Spending & Savings Plan by

    . Use this work sheet to determine how much

    the end of the session.

    money you will allocate to each category on


    My Spending & Saving Plan.
    . Visit all the Mad City merchants and make
    purchases. You will pay each merchant with
    your debit card.
    'Visit the merchants in any order.
    . Remember to balance your account every tiine
    you make a transaction.

    s
    ,E
    .E

    , Your goal is to end up with no more


    than $100 in your checking account. That
    means you can't be overdrawn. lt also means
    that any rironey in excess of $t OO must be put
    in saving6, used to reduce debt, or spent on
    your goals.

    My Income
    Use the information on your "About Me" statement to complete this section.

    $k hX"r
    r firlf^
    + Spouse take-home salary (if married)

    My take-home salary

    v,b,,l;:EI.r,.

    le

    Subtotal
    -

    Student loan payment

    Subtotal
    -

    Medical insurance copay

    Total monthly household

    2007-2010 Credit Union National Assooiation

    lnp.

    {}
    tL--s
    I v{

    tr

    Enter this amount as the


    balance in the highlighted
    section of your register.

    ?r)

    income $ *1"*t,

    (This is the amount that has been direct deposited to the Credit Union)

    Union

    4 u:t-t

    l*ffi
    l*gs$'tu

    i:::l:"

    tj

    ./

    My Housing
    Visit Really Realty & Utilities. Make a housing choice and add up the total monthly costs.
    Enter the total on My Spending & Savings Plan.

    Mortgage/rent payment
    Electricity/heat payment

    *&3_
    * \j5

    Water,/sewer payment

    *+{

    lnsurance payment (optional)

    +_+---'

    Phone/cable/lnternet

    *10

    Total housing expenses

    visft

    r*,il",ii,fl .,*,r,*,

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    4-f

    -r51
    :

    &

    My Transportation

    Visit Big Wheels New & Used. Make transportation choices and add the total monthly cost
    for yourself and your spouse. Enter the total on My Spending & Savings Plan.

    Your transportation
    Monthly payment

    s 3n{
    l*t,

    Car insurance
    Gas for month

    visit B,b
    #hrrflherp?
    new

    Vehicle repair
    Bus pass (if applicable)

    Spouse's transportation
    Monthly payment

    Car insurance

    5 35
    $___o_
    +o

    Gas for month

    \Z<

    Vehicle repair

    vo

    Bus pass (if applicable)

    Totat transportation expenses


    @ 20o.7-2010 Credit Union National Association lnc.

    & used

    .f#ffi*,**h:

    --/'

    $7

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    Page 2..0f

    /,,

    My Enterlainmerrt
    Visit Fun Stuff to buy sports equipment, hobby supplies, movie and concert tickets, vacation packages, and more. Select at least 2 entertainment activities for each person age 2 or older in
    your household, You can s6{ect only 1 free activity per person. Enter the total on My Spending
    and Savings Plan.

    L.IST

    't

    iii

    zo(>
    'too

    Activity
    Activity

    Cost $

    +o

    *O

    Zod

    Activity

    Activity

    ;" S

    VAn-6y125

    . [6
    +b

    tl^.b\l'5

    +b

    Activity \nnqr

    0uFc*

    Activity

    J+
    rt

    Activity

    Activity

    Need helP?

    Total entertainment expen

    visit Fun stuft

    r." $ LL

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    My Furniture & Deco?ations


    Visit Home Stuff. Select the furniture and decorative items you want for your home.
    (Sorry, no sleeping on the floor!) Enter the total on My Spending & Savings Plan.

    Decorative home items

    $i&__
    +6

    Household needs

    +t{

    Furniture

    Need help?
    Yrsit llome

    stuff

    Total furniture & decorations expenses

    $tq6

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    Page 3 ol 7
    O 2007-2010 Credit Union National.4ssociation lnc

    My Clothing &'Personal care

    Visit the fashion consultant at My Closet. Select the type of clothing you will purchase'
    Determine the type of personal care supplies and services you need for yourself and your spouse.
    Enter the total on My Spending & Savings Plan.

    Clothing for me

    a5

    Clothing for spouse

    ?(

    ,,.xd:;g,

    +L5

    Personal care for me


    Personal care for spouse

    Total clothing & personal care expenses

    $ llL

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.
    *o

    Wants & E><tras

    Visit Mad City Mall. Select any number of optional special purchases you want for you and your
    family. Enter the total on My Spending & Savings Plan.

    LIST

    Want 5

    r^.rt

    want f l.,.,

    ,,.

    f lruu tt"

    Q6

    Cost $

    f 1"" n"

    *i{

    + 1-{

    Want
    I

    tn.n'{.tct. }o^.do"a

    Total wants & extra expenses

    Want

    Need help?
    _
    yisit
    ilfrad

    Cityrnalt

    Io

    Want
    Want

    ?t

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    @ 2OO7-2010 Credit Union National Association lnc.

    ,.^fagg.4 ol 7

    My Meals
    Visit Gotta Eat! Select the kind of food you will eat for each week. You do not need to eat the same
    foods all month. lnclude how much you will spend on drinking coffee and eating out. Enter the total
    on My Spending & Savings Plan under "Food."

    Week 1 food

    I
    :,

    f'

    $* l5o

    Week 2 food

    *-,,

    15-

    Week 3 food

    +i

    [Do

    VO

    !o
    o

    Week 4 food

    ( Q- times per month@ 0(o per time)


    Eat out fine dining ( L times per month@ tl.,o per time)
    Eat out fast food

    +15 ^/

    Coffee for me +

    Need helP?

    Coffee for spouse

    & dinins
    tood
    visit crtt';til

    Total food expenses $

    57L

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    My Ghildren
    Visit Kid Care to select clothing and care for your child.

    . You must purchase clothing for your child regardless of age.


    . lf your child is 3 years or younger, you must purchase diapers.

    '

    Because you are working you must hire child care.

    . lf your child is 1 year or younger, you must buy formula.


    Enter the total on My Spending & Savings Plan.

    Clothins

    $--\0-Need help?
    Visit (rd
    care

    Diapers +
    Formula +

    Child care

    + ?-5O

    Presents, books, toys +

    Total child expenses

    3o

    $ L1O

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.
    @

    2007-2010 Credit Union National Association lnc.

    Page 5 ol 7

    Saving & Conirilrutions


    Determine what you are saving for and deduct the amount you will save for your goal. Determine the
    charitable contributions you want to make. Visit the Credit Union to deposit your check for savings
    and/or contributions. Enter the total on My Spending & Savings

    Plan.

    OeS'ca^^rn{-

    <u.O

    Deposited in savings each mont h

    $@-

    I'm saving for

    Deposited in savings each month

    + "tGo

    I'm saving for

    Deposited in savings each month +

    l'm saving 1or

    Need helP?

    Visit the
    Credit Union

    $ 35O

    Total allocated to savings and contributions

    :Enter this amount in your Debit Card Register


    ahd subtract to find your balance remaining.

    My Debt
    Owe nothing on your credit cards? Great! Skip this section. lf you owe, read on!
    Enter the total amount you owe on your credit card. You must pay more than the minimum'amount
    owed each month. lf you can afford it, pay off the entire amount. Visit the Credit Union and write a
    check for your debt payment. Enter the total on My Spending & Savings Plan.

    Total amount owed times 4o/o = minimum credit card payment


    (Credit card debt x .04 = minimum credit card payment)

    (tql

    x.o4=S__j1

    My minimum payment

    is f 1 ' ;e

    Extra payment over minimum

    Q-c>

    Total ciedit card payment


    \

    $ Rt''''"t

    -u

    Irleed helo?

    yrbrt

    th;

    ,:
    sredit
    union

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    l._

    @ 2007-2010 Credit Union National Association lnc.

    Page 6 of 7

    Uh oh, I didn't plan for this.


    Life happens. Pay to the Fickle Finger of Fate for the unexpected bill you receive. Enter the total on.
    My Savings & Spending Plan under "Emergencies."
    Unexpected expenses $
    Unexpected expenses

    t50

    ++

    Total unexpected expenses

    $59-

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    Great! An unexpected windfall


    Life happens. Sometimes you get unexpected income. ln Mad City, all windfalls are deposited in
    retirement accounts. Visit the Credit Union to open your retirement account with the check you
    received from the Ficlele Finger of Fate. Enter the total under "Retirement Account" on My Savings &
    Spending Plan.
    i
    f

    i"

    Windfall income $.
    Windfall income +

    Total windfall

    income

    $ ?

    Enter this amount in your Debit Card Register


    and subtract to find your balance remaining.

    DID YOU VISIT ALL THE MERCHANTS?

    lf yes, great. Now you can complete My


    less in your checking account.

    Savings & Spending Plan. Make sure you have $1OO or

    lf no, time to get a move on. You have stores to shop and items to buy for your family.

    .t

    @ 2OO7-2O1O Credit Union National Association lnb.

    Page 7 of 7

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