Money Topics

Budget Well

Understanding budgets helps us and our kids make better decisions about money.

Why a Budget Matters

  • A budget helps us understand the choices we make with our money.
  • A budget is an important step and tool toward financial fitness.

How to Develop a Budget System

  1. Keep track of your receipts.
  2. Keep track of your bills.
  3. Create major spending categories.
  4. Set a regular time to work on your budget.
  5. Store information in file folders, envelopes or boxes.
  6. Consider using a budget ledger or a computer software budget tracker.

Examples of Budget Expenses

  • Rent or mortgage
  • Groceries
  • Clothing
  • Transportation
  • Electricity
  • Savings

Ways to Create a Budget System

  • File folders
  • Envelopes
  • Boxes
  • Computer software

Money Topics for Parents:

12 Key Financial Topics to Cover With Your Children and Teens.