- #PERSONAL BUDGET TEMPLATE PRINTABLE HOW TO#
- #PERSONAL BUDGET TEMPLATE PRINTABLE DOWNLOAD#
Psst: does your teen not have a job? Click on ’s sample budget template for kids, which shows an allowance example instead of a job example. Here’s a sample monthly budget for teens. This is for full-time wage and salary earners.Īlright, now that you’ve got a bit of guidance to help your teen fill out their current or future budget, let’s look at sample budget templates for teens.
I eventually ended up calling the Bureau of Labor Statistics, who confirmed that they do not break this number down by demographics. Wow was this number difficult to track down.
Average Hourly Wage for Teens: $10.03/hour. 18 states currently have a higher minimum wage than the federally set one. Remember that if a state has a higher minimum wage than the federal one, that is the one that is in effect. Current federal minimum wage: $7.25/hour. They also need to know their expenses, specifically if you’ve handed them over any money responsibilities (or things they need to pay for).īefore I share with you some sample budget templates for teenagers, let’s talk about nailing down income information for your teen (you’ll want to check out my resource guide on allowance for kids to figure out that part of the equation, if your teen doesn’t have a job yet).ĭo you know what the average teenager earns? That’s a first good step in helping your teen create a budget (or, in managing their expectations of what they can reasonably expect to spend and save when they score that first teen job). In order for your teen to fill out a budget, they need to figure out how much they earn (either through a job, through allowance/chore commissions, or through a combination for both). Try out Queen of Free's Christmas Gift Budget Template - could be a great way to introduce the idea of budgeting to your child. Queen of Free's Christmas Gift Budget Templateĭoes your child buy gifts for their siblings, friends…parents? It also comes with stickers to decorate each of the four categories with.Ģ. Money Savvy Pig: I love how transparent the four chambers are with this piggy, one each for: save, spend, donate, and invest. Also comes with a simple kid’s money guide. Boxes can be stored together, or taken out as separate components. Smart Piggy Trio Bank: This is a set of three boxes with magnetic closures that cover your kid(dos)’ money needs for spending, saving, and sharing. (HINT: this is a great piggy bank for bills). A Family Guidebook and Passbook are included, and the individual compartments can be taken out, or kept together in one bundle. Moonjar classic piggy bank: This award-winning savings jar allows kids to divvy up their money between saving, spending, and sharing. This could go really well with piggy banks that are set up for three categories, share, spend, and save, such as the following: Here's a very simple, one-page, BLANK monthly budget printable for kids. Carrie Elle's Monthly Budget Printable for Kids 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: #PERSONAL BUDGET TEMPLATE PRINTABLE DOWNLOAD#
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
#PERSONAL BUDGET TEMPLATE PRINTABLE HOW TO#
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.
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