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One way to teach your kids that money doesn’t grow on trees is to give them control over the money. By letting them make the decisions—and suffer the consequences—they will learn how to develop a budget and live within their means.
More ideas for you:
More ideas for you:
- Budgeting information and activities from PBS
It's My Life: Managing Money
Mad Money Game, Budget Sheet, Monthly Spending Journal
- Budgeting calculators from CUNA
Monthly Budgeting Calculator (high school)
Budgeting Hero's Calculator (middle school)
- Bank It or Bust (What's up in Finance?)
Play along to see if you can make a budget and stick to it
- Allowances: A how-to guide for parents (Visa)
Tips and calculators for parents
- Allowances:Trial and Error Money Management (Northwestern Mutual)
Budgeting and allowance information for parents
- Monthly Budget Planner (Charles Schwab)
Online planner and calculator for families
- How much am I spending? (Money Management International)
Family budget calculator
Watch the video for ideas you can use with your
own family.