Family and Consumer Sciences Professor how-to

How to Teach a Household Budgeting Simulation

Simulations make finance real.

Updated By the Career Education Institute Curriculum Team
Quick answer

Simulations make finance real. In short: assign; give; list, then complete the remaining steps below.

Step by step

  1. Assign each student a life scenario.

  2. Give a monthly income.

  3. List expenses.

  4. Add surprise costs.

  5. Have students adjust.

  6. Reflect on choices.

Safety reminders for family and consumer sciences professors

  • Follow child care licensing rules in lab schools
  • Follow food safety in labs
  • Protect family privacy in research
  • Follow campus safety

FCS · Human development · Family systems · Lab school · Cooperative extension · CFLE: see the full family and consumer sciences professor glossary.

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