How to Teach
Budgeting for Kids + Free Worksheets
Teaching your children how to budget is a great way to teach them financial responsibility. They will learn how to manage their money wisely and become better at saving money. Here are some easy tips to get you started teaching financial literacy:
Start by teaching your child the basics of budgeting. This includes understanding what a budget is, why it’s important, and how to create one and what to do with cash allowances or extra money.
START SMALL WITH BUDGETING BASICS
TEACH YOUR CHILD HOW TO SAVE MONEY
Once they understand the concept of budgeting, encourage your child to begin practicing good savings habits.
HELP THEM LEARN ABOUT CREDIT CARDS
Greenlight is a great way to teach kids how to use a credit or debit card wisely. Complete with full parental controls so they can’t really make any mistakes or cause any real damage to their credit score.
TEACH KIDS TO SET FINANCIAL GOALS
Kids need goals when learning how to budget because without them there’s no motivation. Teach your kid to write down their short-term and long-term savings goal as well as monthly budgets.
HELP YOUR KIDS WITH SAVING MONEY
Spending money is an easy thing to do. Learning how to keep track of expenses and save money is one of the most valuable life skills that we can teach our kids, before they establish bad money habits.
Grab your free kids budgeting kit