What are effective ways to involve children in budgeting?

  1. Plan Together: Include them in planning for events like birthdays or family outings.
  2. Set Limits: Give them a specific amount for activities or purchases and let them decide how to spend it.
  3. Create a Mini-Budget: Have them budget their allowance for treats, toys, or hobbies.
  4. Review Outcomes: Discuss what went well and areas for improvement after each budgeting exercise.