Imagine, a future where your phone would know your financial hopes and dreams, track spending and send you an alert when you’re about to set yourself back from achieving a goal. It would update with the cost of the all the endeavors you want to achieve, from that dream wedding to the day you decide to retire.
Unfortunately, this budgeting responsibility isn’t something worth pushing off.
All the apps in the world can’t force you to say “no” to that pair of shoes or that sports car that you’ve wanted since you were a child. When it comes down to it YOU are the leader of your financial future and the cold hard truth is: Budgeting is at the center of everything.
Teaching Kids to Budget
Our advice to parents and children?
Learn how to budget as early as possible! It will pay off in the long run.
A survey conducted by Junior Achievement and the Jackson Charitable Foundation found that the majority of parents (77 percent) feel that the best place for their children to learn the basics of personal finance is at home, at the average age of eight years old and as young as five.
Whether your student is in elementary school earning an allowance or a teen planning for the expense of college, Junior Achievement has them covered with our 2018 printable budget sheet. To learn more about working with money, check out the My Money track on JAMyWay.org.