Wednesday, October 20, 2010

Developing Talents: Budgeting

Happy Birthday to Kayleah!

This was her last activity with our age group. We've had a fun time getting to know her.



Sis. H planned a great activity that taught us about budgeting. There was a lesson portion. The girls played a game about good and bad financial decisions. (They ended up getting stuck in one section of the game and we had to adjust the rules just so we could finish the game!)





The girls also each made envelopes that were labeled to different categories that their money could be budgeted into - tithing, spending, education, short-term savings, and long-term savings. The envelopes reminded me of my early days of being married because we did the same thing, only with different categories (car repair, mortgage, utilities, groceries, etc.). I know that this method of budgeting works because we did it for many years, until we modernized it and used a computer instead of actual cash. We do have the categories, still, and use them to help budget our money. I hope that the girls each learned a little bit about budgeting, because it is a skill that will be used their whole lives.







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