The other day I was helping a friend prepare for a personal finance presentation to a group. I suggested that she breaks up her presentation with a group activity so that the session is more interactive. I don’t know if she will use my suggestion or not. However, I want to share the idea with you because I think this is a good activity that you can do with your family. This little game should help you become better with household budgeting and improve your cash flow.
Download the Cash Flow Game Worksheet. Make sure you print enough copies for all participants and a few extra spares.
Now subtract the Total Income from Total Expenses for each the BEFORE and AFTER scenarios. Do you have a positive cash flow before? Does your cash flow improve afterward?
Now, it’s time for all the participants to start sharing the income improvement and expense reduction ideas. Just go around the table and have each person share one idea at a time. As you move from person to person, it’s important that you do not criticize other people ideas. This will help build trust and creativity.
You’ll notice that there are some ideas you didn’t consider, and some that you thought of but others have not considered.
Be sure to try this out with your family and different groups of people. The more you go through this exercise, the more ideas you’ll get. Last but not least, make sure you implement some of the ideas that you come up with — otherwise, it’s just a game.