Child experts say that it is never too early to include your children in family budgeting. Some parents may have an opposing view to this, saying that children should not be be bothered about serious things like money matters; and that it is too complicated a subject for kids to grasp.
I agree with the experts - kids should be involved money matters in the home-front. In this day and age money isn't a taboo subject anymore. One study shows that one of the things kids worry about is finances! So even if you choose to exclude them from home finance matters, they would still worry about it.
Kids are smart so it will be easy for them to understand the mechanics of budgeting if parents just patiently guide them through it. Helping them budget money even when they are young will make them responsible spenders in the future.
Read on to know about getting kids involved in family budgeting