That drives the point home that a) it’s a good idea to have something left over before your next “payday”, and b) saving money is as simple as that. Total (weekly) income – Total (weekly) expenses = Weekly Savings I like how this sheet shows what “savings” are: You can download a free budget worksheet for kids that includes some other pointers to help show them what financial responsibility – even at their age – looks like. Connections Academy’s Kid Budget and Financial Responsibility Worksheet This can also open up great money conversations to have with your child (here's how to talk to your kids about money, in case you wanted some help with that). Look through these kid's budget worksheets, and pick one or two to try out with your child. One of the most important money management skills for kids to learn? Is how to budget. I’m excited to put together a roundup of awesome youth budget worksheets and even sample budget templates for teenagers and kids – it’s one step closer to teaching your child how to manage their money. Then, they can see patterns, get up-close-and-personal with the reality of what they earn versus what they want to buy, and make better financial decisions. Kids learning how to budget need to get in the habit of writing everything out. You know, where you just wing it each month, check in a few times on your checking account, and figure everything will work itself out? It’s an “aha” moment that all of us have when we sit down and crunch what’s really happening.įor kids and elementary students, budget worksheets are even MORE important because they haven’t had enough experience to even attempt to “mind budget”. – the reality of their finances almost smacks them over the head.

Once they actually write out the numbers – the income, the spending, etc.

Easy printable monthly budget template