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Money Talks: How We Taught Our 7-Year-Old To Budget His Allowance

and turned it into a lifelong skill.

Here’s how we taught our 7-year-old to budget his allowance using real money—

Use Real Cash

We gave him physical cash—real bills make money feel real for kids.

3-Jar System

He split his money into jars: 60% Spend, 30% Save, 10% Share. Easy and visual.

Let Them Learn

He wasted money on a cheap toy. It broke. He learned more than from a lecture.

Track the Goal

He colored a savings chart toward his LEGO set—and loved watching it grow.

Celebrate Progress

He hit his $40 goal, paid with his own money, and felt so proud of himself.

Click below for simple tips to teach your child budgeting—no stress, just fun.