Session 4: Tracking Spends

Introduction: Knowing how much money you have and how much money you can spend is the first step towards budgeting, a critical financial skill. By ‘shopping’ with your child you can help them learn to track their spending.  

Main Discussion: Talk with your child about why people keep track of money. Is there anything that you could do to help yourself like checking your bank balance, looking at your banking app, or keeping a written record? What might happen if you do not keep track? You may run out; be unable to buy the things you need, etc.