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You cannot escape the responsibility of tomorrow by evading it today.

A celebrity goes broke.  The lottery winner is now living on the street.


We hear these stories time and time again.  But this story plays out daily in the lives of ordinary people.  Our culture of "spend today, pay tomorrow" has created a society taking one step forward and two back on the path to financial freedom.


In an effort to break this pattern, it is important to help our children become savvy shoppers who think before spending and borrowing.

Start Today

One Small Step

Each month we will provide you one action that you can start with your children now.  Over time these actions will help to develop sound money management. 


This Month's Step: 


 Here are a few simple steps that you or your high-schooler can use to build a budget. 

  1. List your income (Allowance, Part Time job)
  2. List fixed expenses (e.g. rent, car insurance) 
  3. List variable expenses (e.g. clothing, movies) 
  4. Subtract your total expenses from your income...that's your budget!
  5. Consider changes 
  6. Budget for wants – set goals 
  7. Track your spending 



 

Did You Know?

 If you're an average American, you spend $1.26 for every $1 that you earn. For example, if your annual income is $50,000, you spend $63,000, a difference of $13,000. 

Questions?

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