Overview of Step 2 - Cash Flow

Happiness is a positive cash flow.

Teaching kids about the cycle of money is critical. Children must learn that money is earned through hard work, saved with a plan, spent according to goals and budgets, and given to charity.

There is a vast opportunity for your child to spend his or her money. In 2005, teenagers alone spent about $200 billion dollars. That is an enormous amount of money to be flowing out of kids pockets without a solid basis of money wisdom. Providing guidelines on spending and helping your child's first budget will build a good foundation of financial management for your child that they will use to prosper throughout their lifetime.

In This Step

• Income
• Spending
• Create a Budget
• Learning Milestone

Page 1 of 7: Cash Flow

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