MONTHLY WORKSHEETS

Each month you can download a different worksheet to build your child’s understanding of money and help them practice applying fundamental concepts around budgeting, saving and investing.

1: CHOOSING THE RIGHT JOB FOR YOU

Help your child take inventory of their talents. What are they good at and what can they do that others are willing to pay for?

Hint: Encourage your child to think of jobs you need help with around the house that they can do. These can be weekly “chore” jobs as well as “opportunistic” jobs that may not be daily, but come up and should be recognised by the child as an opportunity to earn money.

2: JOB BRAINSTORM

Help your child make a list of the jobs they can do and how much they could earn for each job.

Hint: Negotiate a payment for each job that is reasonable and fair, recognising that each job carries an innate responsibility as a family member, but also that you want your child to be building a sense of enterprise and a way to earn money for the “extras.” Be clear with your child about what each job entails and how it should look when it’s complete.

3: JOB CHART

Help your child make a weekly plan for the jobs they aim to do and make ‘job checks’ part of your daily routine.

Hint: Certain jobs may need to be done each day and others only certain days of the week. There may also be unplanned job opportunities that come up and give your child a chance to earn extra money some weeks.

4: BUDGET WORKSHEET

Help your child track what money is coming in and how is being spent on a weekly basis. This is also a great way to build basic mathS skills.

Hint: The first rule of budgeting is to spend less than you earn.

5: SPENDING TRACKER

Help your child track their spending and monitor their savings. This worksheet can be used in conjunction with the Budget worksheet, making sure the figures match-up at the end of each week and month.

Hint: If your child is beginning to accumulate savings, encourage them to think of something they may want to buy or to work toward a savings goal.

6: GOAL TRACKER

Help your child to keep track of the money they receive and monitor their progress toward goals. You might also want to encourage your child to set a minimum level of “general savings” to have on-hand for unplanned needs and wants.

Hint: Making longer-terms plans for money can help kids be better savers and resist the urge to spend.

7: BUDGET REVIEW WORKSHEET

Help your child review how they’re earning the money they’ve received and what they’re spending their money on, being careful to point out patterns, such as which jobs are generating the most money for them and wasteful purchasing habits.

Hint: This is a good time to reflect on your child’s money habits. Ask questions like: Did you get good value? Are you still using the item? Would you purchase it again?

CENTS FOR KIDS INITIATIVE

Marah Curtin

Marah Curtin

Head of Client Engagement

Marah leads the Cents for Kids initiative in Davy and is passionate about helping prepare individuals for the financial opportunities and challenges they face throughout their lives. She spends a lot of her time both in her work and outside the office supporting initiatives aimed at improving financial literacy in women and children. If you have any questions about our Cents for Kids programme, please do not hesitate to contact us.