Pocket Money Budget
Plan a pocket-money budget across a few categories and work out how long it would take to save up for something.
If your child regularly earns pocket money you can ask them to plan out a budget.
Ask them to think about the different ways they spend their pocket money. See if they can think of three or four different categories, such as:
- food/sweets,
- entertainment,
- savings,
- charity,
- gifts
If they divided their money up between the different categories how many weeks would it take before they had saved (say) £20?
How long would it be before they could buy a particular gift?
Think of different ways they can plan to use or save money.
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