Financial Fun Friday: Budgeting for EGGspenses

Children having fun in park. Easter egg hunt concept

In this edition of Financial Fun Friday, we are putting a twist on the classic Easter egg hunt. Financial Fun Friday is where we introduce an educational activity that both children and their families can enjoy.

With Easter quickly approaching, this activity is a festive treat as well as an opportunity to work a little financial literacy into your holiday plans. Most everyone is familiar with the traditional Easter egg hunt. In this activity, children will get to hunt for eggs and learn how to budget.

To get started, you will need the following items:

  • Fillable plastic Easter Eggs
  • Various Easter candy
  • Note Cards and/or paper
  • Paper cut into strips, which can be folded and inserted into fillable eggs
  • Markers, pen, or pencil
  • Empty Easter basket

Here is how this financial savvy egg hunt works:

  • First you will need to use note cards or cut pieces of paper to write various expenses/bills on. Examples include:
  1. Groceries – $150
  2. Gas – $40
  3. Video games – $50
  4. Rent – $500
  5. Various Easter candies – $4 a piece
  6. Pack of Jellybeans – $5
  7. Streaming movie – $15
  8. Pizza Delivery – $20
  9. Internet – $150
  10. Cell Phone Service – $50
  • Next, cut strips of paper and place different money amounts on them. Or if you are feeling really creative, create your own play money. Insert individual strips with money amounts into the plastic eggs.
  • From there, it’s time to hide the eggs! Depending on the space available to you, eggs can be hidden either indoors, outside or both. This is pretty basic and the same format you would follow for a traditional Easter egg hunt.
  • After eggs are hidden, give a basket to each child participating and send them off to hunt.
  • While kids are hunting for eggs, lay the cards you created out on a surface, such as a dining room table or kitchen counter.
  • Once kids have returned with their eggs in tow, have them open each egg and count their “money”.
  • Next, instruct the children to look at each card on the table. Explain to them that certain cards are needs, such as groceries, while other items like games or candy, are considered wants.
  • Ask them what they would spend their money on first. Consider asking the following questions:
  1. Why did you choose this?
  2. Is this something you need?
  3. What would you do if you spent all your money on candy or games?
  4. Where would you be able to live if you spent all your money on wants only?
  • Whether the children chose wisely or not, ask them to elaborate on their spending choices. From there, reiterate why it’s always a good idea to prioritize needs over wants.
  • Finally, explain that it is ok to spend a little on wants after your needs are taken care of. Then, enjoy some Easter treats together!

If you have extra time and would like to expand on this activity, ask your kids to write down what they believe the household monthly expenses are. This is another way to reinforce the importance of budgeting. For additional budgeting activities and financial lessons, check out OVB’s Virtual Classroom.

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One Response to Financial Fun Friday: Budgeting for EGGspenses

  1. Pingback: OVB celebrates Teach Children to Save | Ohio Valley Bank

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