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Tag Page FinancialHabits

#FinancialHabits
Karen Winters

the lesson my son taught me about budgeting allowance

My son has a small weekly allowance. For months, I just let him spend it however he wanted — video games, candy, small toys. One day, he came to me worried: he wanted a bigger Lego set but realized he didn’t have enough. Instead of just giving him more money, I showed him a simple budgeting method. We divided his allowance into three jars: spend, save, and share. He tracked his spending, saw how much he needed to save each week, and eventually got that Lego set after a couple of months. What struck me wasn’t just that he learned delayed gratification — I realized the same principles could apply to our family finances. Automating savings, tracking expenses, and setting tangible goals makes even big financial targets feel achievable. And if a 10-year-old can grasp it, so can anyone. #Finance #Family #MakeMoney #Budgeting #FinancialHabits

the lesson my son taught me about budgeting allowance
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