doctorsuevarma
Aug 15
0.01%
Does budgeting your finances give you anxiety? Well, imagine how a kid feels. Financial literacy is an essential life skill—and I can tell you, despite being “in school” for 25-plus years, I didn’t receive a single class in the subject.
Help equip your kid with the basics at a very young age. A quick and simple way (even for us adults) to think about money is the Three Bucket Rule:
Kids can start budgeting by thinking about their allowance in three categories or buckets:
Spend – Save – Share
Here’s what you can share with kids (or even adults) for the 3 buckets:
🪣 Spend:
Money for small fun things I want now—like snacks, small toys, or apps/games. I’ll use this bucket for weekly treats or little rewards.
🪣 Save:
This is for bigger goals—like a new bike, a trip, or something I really want later. I’ll add to this bucket over time and watch it grow.
🪣 Share:
This is for giving to others—like donating to a charity, helping someone in need, or supporting a cause I care about. It’s my way of giving back
doctorsuevarma
Aug 15
0.01%
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