Parents TeachYour 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.
This workshop is for the parents only. This is an opportunity for parents to learn how to teach their children budgeting skills.