In order for your teen to fill out a budget, they need to figure out how much they earn (either through a job, through allowance/chore commissions, or through a combination for both). Try out Queen of Free's Christmas Gift Budget Template - could be a great way to introduce the idea of budgeting to your child. Queen of Free's Christmas Gift Budget Templateĭoes your child buy gifts for their siblings, friends…parents? It also comes with stickers to decorate each of the four categories with.Ģ. Money Savvy Pig: I love how transparent the four chambers are with this piggy, one each for: save, spend, donate, and invest.Also comes with a simple kid’s money guide. Boxes can be stored together, or taken out as separate components. Smart Piggy Trio Bank: This is a set of three boxes with magnetic closures that cover your kid(dos)’ money needs for spending, saving, and sharing.(HINT: this is a great piggy bank for bills). A Family Guidebook and Passbook are included, and the individual compartments can be taken out, or kept together in one bundle. Moonjar classic piggy bank: This award-winning savings jar allows kids to divvy up their money between saving, spending, and sharing.This could go really well with piggy banks that are set up for three categories, share, spend, and save, such as the following: Here's a very simple, one-page, BLANK monthly budget printable for kids. Carrie Elle's Monthly Budget Printable for Kids That drives the point home that a) it’s a good idea to have something left over before your next “payday”, and b) saving money is as simple as that. Total (weekly) income – Total (weekly) expenses = Weekly Savings I like how this sheet shows what “savings” are: You can download a free budget worksheet for kids that includes some other pointers to help show them what financial responsibility – even at their age – looks like. Connections Academy’s Kid Budget and Financial Responsibility Worksheet This can also open up great money conversations to have with your child (here's how to talk to your kids about money, in case you wanted some help with that). Look through these kid's budget worksheets, and pick one or two to try out with your child. One of the most important money management skills for kids to learn? Is how to budget. I’m excited to put together a roundup of awesome youth budget worksheets and even sample budget templates for teenagers and kids – it’s one step closer to teaching your child how to manage their money. Then, they can see patterns, get up-close-and-personal with the reality of what they earn versus what they want to buy, and make better financial decisions. Kids learning how to budget need to get in the habit of writing everything out. You know, where you just wing it each month, check in a few times on your checking account, and figure everything will work itself out? It’s an “aha” moment that all of us have when we sit down and crunch what’s really happening.įor kids and elementary students, budget worksheets are even MORE important because they haven’t had enough experience to even attempt to “mind budget”. – the reality of their finances almost smacks them over the head. Once they actually write out the numbers – the income, the spending, etc.
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