So, what do your children know about money in the real world? Help them learn with the role-playing below. Have your kids fill-in the blanks in the “Estimate” column.
| Category | Estimate (Monthly) |
Actual |
| Housing | ||
| Food | ||
| Auto (car payment, gas, repair) |
||
| Insurance | ||
| Recreation | ||
| Clothing | ||
| Charity | ||
| Medical/Dental | ||
| Total Income Needed |
2. When they are finished, sit down with them and, category by category, fill-in the actual amount. Discuss what it takes to pay for monthly expenses. This will help your kids realize that money is not to be spent like water and they need to do their part to be economical and save for the future.
