Each kid was asked to make a budget with a hypothetical income of $3,000 a month.
featuring budgeting worksheets and planners for those looking to get some order and perspective on their own money needs., Ariel begins to explain to her daughter that her rent is going to cost her $1,200 a month, but she’ll also need to pay a security deposit.
Just one of these lessons on budgeting could help get a child’s mind in a space to understand and appreciate their parents, their current state of living, and work to give them a sense of drive and build work ethic so they don’t have to worry so much about first and last month’s rent or how they’re going to get to work.
“I went through this with my kid gurrrl she could not believe how that income goes down…. Now she is evaluating every career path asking $$,” another said.Another joked, “I know this game. It's called Monopoly: ultra realistic edition.” In another video, Ariel explained why she decided to be intentional about teaching her children the realities of money in adulthood.
While the internet may have have their own opinions on how a parent teaches their kid to budget, science is backing up Ariel.from BYU discovered that children who learn how to properly manage their money from their parents actually go on to have more fulfilling relationships with their significant others as young adults.
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