Answering Kids' Financial Questions

Season 7, Ep. 7: Answering Kids' Financial Questions

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/

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

Cheers & see you on the next episode!

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