$400 For Kids: Smart Spending, Big Rewards

Teach your children to spend their own money on things they want. Having to choose between the $400 tablet and the $150 smartphone is an excellent life lesson for children who are saving up. One thousand, five hundred dollars you all. every single month. This is an insane chunk of money in our monthly budget that we realized could be utilized. We get such cool ideas from parents in our cents of responsibility community.

Teaching our kids about good financial. Saving $400 in just one month might seem like a lofty goal, but trust me, its completely doable. All it takes is a little planning, some smart choices, and maybe cutting out a. Longer pay periods help kids learn to pace their spending and hopefully budget their money more effectively. If the time is right, introduce your kids to the basics of investing. Between myself and my two kids, ages 4 and 5, i rarely spend more than $400 a month on groceries. I dont use coupons , i dont search the sales fliers, and im not particularly. Navigating family finances with ease: From savvy grocery shopping to smart spending strategies,.