MONEY MANAGEMENT FOR KIDS 101: BUDGET & SAVINGS PRINTABLE FOR KIDS

It’s never too early to start teaching your kids about money. Teaching kids about budgeting and savings is a great way to help them learn important life skills.

Today, we’re going to share a free printable that will help teach your kids about budgeting and saving.

WHY IS LEARNING ABOUT MONEY IMPORTANT AT A YOUNG AGE?

Money is an important aspect of everyone’s life, yet it is still sometimes considered a taboo topic, even among families.

IS MONEY MANAGEMENT A LIFE SKILL?

Money management is absolutely a life skill and is one that will be utilized constantly, even before your kids move out of the house.

START WITH THE BASICS AT A YOUNG AGE

Teaching them about transactions and the purpose of money as an exchange for a good or service are also good concepts to introduce at a young age.

INSTILL A HABIT OF SAVING

Saving is an extremely important part of adult life, but this is also one of the most useful concepts to teach your kids.

CREATE OPPORTUNITIES TO EARN MONEY

You can’t really give your children the full money management experience without giving them an opportunity to earn that money.

HELP KIDS LEARN TO MAKE SMART SPENDING DECISIONS

Teaching money management for kids can seem like a task that would be hard for them to understand, but that is exactly what we are trying to avoid.

MODEL GOOD FINANCIAL BEHAVIOR

 In this way, it is important for you to model good financial behavior for your children.

WHAT MONEY IS FOR: NEEDS AND WANTS

When teaching your children about money, it is essential that they understand that money isn’t just for spending on things they want.

Finally, you can do several projects with your child, such as creating a mock budget or even having them help you while you are planning out your budgeting system.

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