MoneytalkFF

Guided - Teach Your Children to Budget

Life-Skills:

Parents Teach Your Children How to Budget workshop includes the following skills depending on the length of the workshop:

  • Budgeting
    • Benefits of creating a budgeting
    • Potential budget formats and how to create a format that works for you
    • How to get started if you have never created a budget before
    • What to do if your income is inconsistent (commission, tips, etc)
    • How to prioritize your budget expenses, including separating needs and wants
    • Best practices for what to do when you with extra money such as coming in under budget, making more tips than normal, receiving a gift, overtime pay, etc
  • Cash Flow Planning
    • How to determine when you will have the cash to pay the expense
    • How to determine how much to save from each paycheck for larger bills such as rent or mortgage
  • Best practices and Strategies for how to stick to your budget
  • Workshop includes several activities to do with your child to help them understand the value of money, how their choices can really make a difference, and practice budgeting.

Both the parent and child attend this workshop together.  This is a guided opportunity helping parents teach their children budgeting skills.

Volunteer Opportunities:

  • Prior to the workshop, volunteers can help with prepping materials and supplies for the workshop. 
  • During the workshop, volunteers are needed to help with the workshop activity.

Donor & Sponsorship Opportunities:

  • Printing students worksheets and workbooks
  • Donation of candy used in activity – Starburst, Tootsie Roll Minis, Jolly Ranchers, M&M’s plain, and Skittles.
  • Donation of snack size and quart size Ziploc bags to hold the candy paycheck pieces.
  • Funding to purchase paper, toner, Ziploc bags, and candies for workshops

Opportunities to help your clients and employees:

  • Offer a fee waiver, reduced interest loan rate, or other benefit for clients who complete financial workshops or coaching
  • Host a workshop at your location for new or youth account holders
  • Host a Lunch N Learn, 1/2 day, or full day workshop
  • Employee Benefits can be offered to help cover cost of financial workshops and coaching.