Wednesday Workshop: Smart Start, Schooling Children to Budget

Date and Time


08/07/2024

Length

1 hour

Description

Are you ready to set your children on the path to financial success? Join us for this exciting workshop, “SmartStart: Schooling Children to Budget,” designed to provide parents and those educating the next generations, with essential tools and strategies to teach their kids about money management.

Listen to recording

What to Expect 

Introduction (10 minutes) 

  • Welcome participants
  • Brief overview of the workshop series
  • Importance of teaching kids to budget
  • Ice breaker: What is one thing you remember learning about money as a kid?

Why start young? (10 minutes) 

  • Importance of money management from a young age
  • How to spend, save, and give

Introducing Budgeting (10 minutes) 

  • What is a budget?
  • Why is budgeting important?
  • Simple examples of budgets kids can understand (e.g., allowance, birthday money)

Teaching Kids to Prioritize Spending (10 minutes)

  • Needs vs. wants: How to differentiate
  • Examples of smart spending choices
  • Discuss how to set savings goals

Working with Teenagers (10 minutes)

  • Phones, cars, and insurance
  • Starting into employment
  • Planning for college
  • Planning to level up and move out

Q&A and Discussion (5 minutes)

  • Open floor for questions from participants
  • Share tips and personal stories about teaching kids to budget

Closing (5 minutes)

  • Recap key points from the workshop
  • Provide resources for further learning (e.g., books, websites)
  • Preview of the next workshop
  • Thank participants for attending

Don’t miss out on this opportunity to empower your children with essential money management skills. 

We look forward to seeing you there and helping you set your children on the path to financial success! 

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