Budgeting Tricks To Teach Your Kids

Everyone goes through hardships from time to time. While it’s not something you’d wish for your children, it is something you should prepare them for. Learning how to budget is important, and can be a good way to teach your kids about managing their money.

Join our FREE 5-Week Connected Parenting Challenge!

Signup now and receive an email once I publish new content.

We will never give away, trade or sell your email address. You can unsubscribe at any time.

While budgeting isn’t always easy, some things make it less painful. Want to budget like a pro? Take a look at these top budgeting tricks to teach your kids.

Learn how to haggle

Have you ever tried haggling on your phone contract or your utilities? You’ll be surprised at how much money you could save, which could mean fewer cutbacks in other areas. It’s worth doing a comparison search of different providers like HughesNet, to see if they could offer you cheaper rates. This makes a good starting point for any budget and could help you save a lot of money without feeling the pinch.

Look at your food bill

Your grocery shop can be one of your biggest expenses, especially if you have a lot of family to feed. It’s surprising how much food gets wasted every week, so if you’re looking for a simple area to reduce your spending, your food bill could be it. Some simple things to do to cut your food bill include planning your food for the week in advance, buying frozen fruit and vegetables and switching to online grocery shopping. Try to cut your food bill by 10% each week and remember to put those savings to one side.

Start dealing with cash

It’s easy to pay for things electronically. Thanks to phones you can even leave the house without your wallet if you choose. However, doing this means you’ve always got easy access to money – something which can make ad-hoc spending all the more possible. Try switching to cash-only for a while to see if that helps you save money easier. Simply withdraw what you need at the beginning of the week and put your cards somewhere out of sight, out of mind.

Get discount hunting

The internet has made it possible to buy almost anything at a discounted price. From eBay and Amazon to coupon code sites, you’re never short of a bargain. Teach your kids how to find the best deals and help them to become thrifty online – it’s easy to do and could save you hundreds of dollars over the course of a year.

Teach them that budgeting isn’t bad

Many people recoil at the thought of having to budget, when in fact it’s a good way to reduce financial stress. Teach your kids that budgeting isn’t a bad thing, and can actually help them to manage their money better so that when things are good, they’ll have plenty of savings, and when times are a bit tougher, they’ll know how to reduce their spending.

Good money sense is important to teach your children, so set them up for better finances in their future by teaching them how to budget now.

I just committed to @GetConnectDAD! I will spend an extra hour focused solely on my kids this week! Click To Tweet

GetConnectDad is growing at an incredible pace because parents are actively sharing what we are doing with their friends and families.  We are so thankful.  If you would like to receive a bi-weekly summary of articles like this, please fill out our subscription form below.  We are very careful to limit the number of emails we send per month because we, like you, are busy parents!


Julian Caldwell

Julian Caldwell

Julian Ivey-Caldwell founded GetConnectDAD with one simple goal: Connect more families to their kids. Julian works a day job and spends his evenings (after the family retires) continuing to grow this platform. Because he travels a great deal for his “day job,” he is intensely focused on trying to find better ways for fathers and mothers who work long hours, different hours, or unusual hours find better ways to be engaged.

Connect with:
Some of our Current Articles
Join our Connected Parenting Course

Follow Us On One of These Social Networks!

More From Our Parents
Practical Items That Will Give A Nervous Child Comfort

Leave A Comment