How to you teach your child about budgeting?
Yep, those my friend are more washed out formula cans. Are you ready from some up-cycling? We have begun a new habit in our home. Partly to teach our oldest child (3.5) about prioritizing and budgeting but also just as a different system of reward. I'll tell you more about our "fake economy" later but for now I just want to tell you the 3 basic categories we are teaching her to "budget" her money into. God. Save. Spend. That simple. We give back to God just a simple part of what He's so graciously allowed us to manage. Then we save for bigger things. And we get to spend more frequently on smaller things. Here is how we made her 3 banks:
Like I said, I'm working on a future post about our "reward system" but I will just say it involves bread-ties and then divides them {currently}divides them {she calls it 'organizing' them} Evenly into the 3 categories/banks.
How are starting to teach your littles about finances and how to handle them God's way? I'm always up for new ideas!!!
[…] we count which chores were completed and hand out allowance. Then we have them put them into their bankS we made; this is how we teach them about generosity and […]