Answering Kids' Financial Questions

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In this week's episode, I answer financial questions for middle school students.

1.  "Does everyone need a budget?".... Everyone needs a budget to make sure you have more money coming in versus going out.
2.  "How do I make money now?".... Odd jobs, tutoring, mowing lawns, dog walking, car washer, yard work, assistant, etc.  
3.  "What leads to making more money later?".... More education--college, trade, certifications, etc.
4.  "How do you do your taxes?".... Defer to a professional like a CPA or accountant.  There is online software, but you have to be aware of the limitations pertaining to your situation.
5.  "How do I stay out of debt?".... Use a budget.

There are more really good questions on the podcast.

Tips
1.  Always pay yourself first
2.  Always use a budget
3.  Money in should be greater than money out
More tips on the podcast.

Here are some resources I referenced on this episode: 

- 7 best budgeting apps for college graduates  https://www.walturn.com/insights/7-best-money-management-apps-for-college-students

- Best Budgets Apps for Teens  
https://www.allcards.com/best-money-apps-for-kids-and-teens/

Cheers and see you next week!

#kidsandmoney #personalfinance #financialLiteracy #money #finance #financialplanning

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