Budget. That’s right . . . budget. Things have changed.
Have you used that word 6-letter word “budget” lately? Go ahead and be honest with yourself. You probably have. But let me make a case on why you need to stop. Times have changed. Consider the following:
"Budgets" are Constricting
“Mom, I need $20.” (funny how it used to be they only asked for $10!)
“Honey, I just gave you $20 like…yesterday. Can’t you budget your money?”
And there it is. That word, that horrible sinking feeling word. The implied connotation to our kids and our “almost growns” is . . . you can’t buy the things you want, you will never have enough money, and you are a one emoji away from busted. Life is one trick multiple question with “none of the above” always included.
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How do you introduce money management tracking with them?
Why will they benefit while in high school?
How should they actually start?
What are 6 things to remember as you pick money management software for your young adult:
Again, we strongly suggest starting with pen and paper before moving to this level. Many will be happy with just a simple, direct pen and paper system. But if you have a teen or young adult that is ready to level-up to something more, you will find these 6 items...