Practical, Actionable Budgeting Tips
This video provides simple, actionable budgeting tips in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about budgeting, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.

Suitable for students from grade levels:
- Kindergarten
- Elementary School
- Middle School
- High School
The topics covered are:
With these incredible budgeting tips, you will have the freedom to spend money without constraints in the future by making smart money decisions and living within your means now.
Tip #1: Understand your total income

Whether it’s salary, tips, rent or investment income, you need to have a handle on your total income before making money decisions, whether it’s buying or renting a home, deciding how much to invest in stocks, when to go on vacation, etc.
Tip #2: Learn to distinguish between needs and wants
This distinction will really help you cut down on unnecessary expenses, break out of paycheck to paycheck cycle, and have money that you can save and invest.
Tip #3: Create a budget
A budget is a roadmap that shows where your money comes from and how it is allocated to various categories – essential and discretionary expenses, debt repayment, insurance, savings, investment, etc.
A budget is essential to help you live within your means and be able to meet your financial goals.
More Tips
Budgeting is just one key aspect of personal finance – there is a lot more to it.
Check out the following for more actionable tips on saving and investing, borrowing and credit cards, insurance, etc.
Download Transcript: Ideal for Use by Teachers in their Lesson Plan to Teach Kids & Teens
Podcast: Budgeting Tips
Fun, informative and concise episodes by a 10-year old, breaking down complex financial concepts in a way that kids and beginners can understand. Episodes cover personal finance topics like saving, investing, banking, credit cards, insurance, real estate, mortgage, retirement planning, 401k, stocks, bonds, income tax, and more, and are in the form of a conversation between a cowboy (a finance novice) and his friend, a stock broker. Making finance your friend, only at Easy Peasy Finance.
A little bit about me: I have been fascinated with the world of personal finance since I was 6! I love to read personal finance books, and keep myself updated on the latest by reading various personal finance magazines. My friends often ask me questions about finance because they find it complex and intimidating. That’s what inspired me to start my YouTube channel called Easy Peasy Finance when I was 8, and this podcast 2 years later.
Practical, easy-to-implement budgeting tips. Show notes and transcript at Must-Know Actionable Budgeting Tips Practical, easy-to-implement budgeting tips. Show notes and transcript at Must-Know Actionable Budgeting Tips

