Budgeting

Math

• The Eighth-grade child learned how to create a budget by listing income and expenses.
• They learned how to calculate total income and total expenses.
• They learned how to subtract total expenses from total income to find the remaining balance.
• They learned how to adjust their budget by reducing expenses or finding additional sources of income.

For continued development, the child can practice creating budgets for different scenarios such as saving for a specific goal or planning for a vacation. They can also explore online budgeting tools or apps that can help them track their expenses and manage their budget more effectively.

Book Recommendations

• The Money Maze: Saving, Spending, and Investing Your Way to a Brighter Future by Gail Karlitz and Debbie Honig: This book provides practical tips and advice on budgeting, saving, and investing for young readers.
• Budgeting for Teens by Teenagers Guide Publishing: This book offers step-by-step instructions and real-life examples to help teenagers understand and manage their money.
• The Young Entrepreneur's Guide to Starting and Running a Business: Turn Your Ideas into Money! by Steve Mariotti and Mike Caslin: While not specifically about budgeting, this book provides valuable insights into financial management and entrepreneurship, which can be applied to budgeting and personal finance.