Learning how to budget is no simple task. It takes quite a bit of trial and error to find a budgeting approach that works for you. If you are a parent, helping your child learn how to budget is one of the best gifts you can give them. Let them make small mistakes now to avoid making big mistakes later.
Talking to your child about money can be difficult. Teaching them about money is even harder. As a parent, figuring out how to talk to kids about money can be a challenge. It’s important to teach your child basic money skills, but helping your child become a financially independent adult is about more than just budgeting. You also need to teach your child how to set goals, make good financial decisions, and feel confident managing their own money.