Budgeting with Kids

Numbers, calculators, budgets...

That's my hubby's idea of a fun time.  ;)

For the first 8 years of our marriage, I did our budget.  

It was a miserable job for me.  Or maybe I just did a miserable job??  

Either way, I did not enjoy it in the least.

For the past 2.5 years, Nate has taken over our budget and, WOW, am I thankful!  He's so much better at it, and he actually ENJOYS it.  Crazy man.

While Nate was teaching the older kids how to budget using our household budget, he decided that they should have their own budgets. 

Granted, they don't have much money (we don't give allowance, but they do get money from grandparents for various holidays.  They can also make money if they do jobs for us around the house.), but he wants them to learn how to wisely use (give, save, and spend) the little that they do have.  If they can start making good choices when they are young, hopefully that will save them from making stupid (oftentimes detrimental) choices when they get older.

They were very excited to have their own budget, and I thought it was a brilliant idea.  

Hopefully they'll learn well from their wise-with-money Daddy.


Ann Marie said... Best Blogger Tips[Reply to comment]Best Blogger Templates

Hahaha! Our kids have the exact same budget categories!

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