Empower your kids with essential money skills: Budgeting, decision-making, savings, and financial responsibility. Prepare them for a successful future
A monthly budget is a foundational piece for healthy finances. Teaching your children how to budget will serve them throughout their lifetime, especially because it’s never formally taught in schools as a part of the curriculum.
That being said, guiding your child on how to create and manage a budget doesn't have to be difficult. One good way to help your children learn how to handle money is through early hands-on experience. How do you do that? By involving them in the family budget!
Teaching intelligent money management and budgeting to your children will touch every aspect of their lives:
Most people believe that to win with money, you need to be naturally good at numbers, investing wisely and slapping your wrist when you want to eat out for the 5th time in a week.
But wealth-building and financial fulfillment involve a lot more than just numbers and sacrifice.
Your attitudes and behaviors around money are shaped by your life experiences, your relationship with scarcity and abundance, the conversations around money that took place around you as a child, and many, many other subtle and invisible factors.
These internalized money mindsets can, in turn, impact your approach to money and impair your peace, happiness and well-being in ways you may not even recognize.
For instance, if you and your partner frequently argue about your financial future, if you feel sweaty and on edge every time you have to make a big purchase, or if you lie awake at night wondering if you’ll have enough to send your kid to college, it’s likely because your money habits...
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